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OSU gives Mike Gundy a raise to $7.5 million, making him highest-paid Big 12 coach

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OSU FB Spring Practice 037

Mike Gundy is a two-time Big 12 coach of the year and in 2011 was named the national coach of the year.

Mike Gundy became the highest-paid coach in the Big 12 on Friday, when Oklahoma State increased his 2022 salary to $7.5 million.

The contract, approved Friday by the Board of Regents, awarded Gundy a $1 million increase in annual compensation and an annual retention bonus of $1 million in each of the next five years.

Other terms of the existing contract, including the $125,000 annual escalator and the annual one-year extension, will remain in place.

“Mike Gundy has been a transformational head coach for Oklahoma State,” athletic director Chad Weiberg said. “In the ultra-competitive environment of college football, OSU has been one of the most consistently competitive programs in the country.

“Under his leadership, OSU football has accomplished things others never thought possible in Stillwater. He has had a lasting impact on our football program and our athletic department. The accomplishments of his student-athletes off the field rival those on the scoreboard.”

Under Gundy, a two-time Big 12 coach of the year and the 2011 national coach of the year, OSU is the 10th winningest program in America since 2010. The Cowboys have participated in 16 consecutive bowl games, including five New Year’s Six games since the 2009 season, and have had seven 10-win seasons since 2010.

“I’ve spent a majority of my life in Stillwater,” Gundy said in a statement. “Oklahoma State is home. This next-level commitment from our president, Dr. Kayse Shrum, athletic director Chad Weiberg and our Board of Regents is a monumental step in solidifying Cowboy football for the future as a national brand.”

“I’m thankful for Chad, our relationship, and the support and loyalty he’s shown not only to me, but to our assistant coaches, support staff, student-athletes, former players, fans and everyone involved with OSU football. The Cowboy culture has never been stronger.”

The Cowboys tied a program record with 12 wins in 2021, including a Big 12-best 8-1 conference record, appeared in the Big 12 championship game for the first time and claimed a victory against No. 5 Notre Dame in Fiesta Bowl. OSU was seventh in the final Associated Press poll of the season, its best season since finishing third in the final ballot in 2011.

“We’ve already established OSU football as a contender on the national stage,” Gundy said. “My excitement with our administration and their vision has me looking forward to long-term success on and off the field.”

Weiberg said the media exposure from last season including the Fiesta Bowl win was worth about $60 million to the university.

“There is an unprecedented change occurring in college athletics,” he said. “Investing in our successful football program at this time is an investment in the future of OSU athletics and the continued growth of Oklahoma State University.

“The growing national prominence of our football program not only impacts all of OSU athletics, it has a tremendous impact on the entire OSU community, the city of Stillwater and the state of Oklahoma.”


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Sports Writer

I have covered college football and college basketball for the Tulsa World since 2012. I spend my spare time as an animal rescue volunteer, focusing on spaying and neutering community cats in the Tulsa area. Phone: 918-581-8452

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