Oklahoma State football coach Mike Gundy’s new contract includes higher buyout
Scott WrightJacob Unruh
Oklahoman
STILLWATER — When
Oklahoma State football coach Mike Gundy agreed to a new five-year perpetual contract in October, he not only got a raise, but saw an increase in the buyout total that Oklahoma State would owe him for terminating the contract without cause.
Because the new agreement became effective July 1, Gundy is getting retroactive pay that will increase his total compensation for a contract year ending Dec. 31 to $4.875 million, not including a $171,875 reduction he agreed to take due to athletics department financial issues related to the COVID-19 pandemic. Gundy originally had been scheduled to make $4.375 million from the school for 2021.
Gundy also will be getting a $125,000 bonus for reaching a New Year’s Six bowl game.
OSU faces Notre Dame in the Fiesta Bowl on Jan. 1, according to the contract obtained from an open-records request by The Oklahoman and USA Today.
Gundy’s salary will increase by $125,000 each year that he remains under contract beginning on Jan. 1, 2022, and continue until the termination of the contract, which is a perpetual, rolling five-year agreement — meaning a year is added to the contract at the completion of each year.
Gundy originally signed a perpetual five-year contract in 2017. In the summer of 2020, Gundy agreed to have his contract reduced by one year, to a four-year, perpetual contract, and he had his salary reduced by $1 million to $4.2 million per year.
Under his previous contract, OSU’s buyout for termination without cause on Dec. 1, 2021, was roughly $7.1 million. With the length and financial terms of the new contract, as of Jan. 1, 2022, the buyout will increase from 50% of the total remaining compensation to 62.5%, meaning the buyout as of Dec. 1, 2022, would be roughly $14.7 million. It stands to increase to 75% of the total remaining compensation on Jan. 1, 2023.
Gundy settling in as defensive coach
Last week,
OSU safety Jason Taylor II noticed a new coach watching and working with the defense.
Head coach Mike Gundy.
“First, it was a little strange,” Taylor said.
These days, with the departure of defensive coordinator Jim Knowles to Ohio State, Gundy is focusing more on the defensive side of the ball as the ninth-ranked Cowboys prepare for their matchup with
No. 5 Notre Dame in the
Fiesta Bowl at noon on Jan. 1 in Glendale, Arizona.
“I haven’t watched the offense at all — live,” Gundy said about the bowl prep.
Gundy is an offensive-minded coach by tradition. A former Cowboys quarterback and offensive coordinator, it was rare for him to worry about the defense.
And to a point, that remains the case. The defensive staff determined responsibilities after Knowles left. Gundy will not name a play-caller for the Fiesta Bowl until the team arrives in Arizona.
Gundy has COVID concerns
Gundy looked toward the practice field inside Sherman E. Smith Training Center and noticed the lack of distancing.
Each Cowboys football player was crowding for Fiesta Bowl photo day Monday afternoon.
“We’re all trying to do the best we can to stay away from each other,” Gundy said, “as you can tell.”
COVID-19 and the omicron variant have wreaked havoc on the sports world the past few weeks, causing massive issues in the NBA, NFL and NHL along with college basketball.
And as the ninth-ranked Cowboys prepare to face No. 5 Notre Dame in the Fiesta Bowl on New Year’s Day, their own concern that the virus will hit their program is heightened.
“I mentioned it to ‘em,” Gundy said. “I don’t get around my own kids, because that’s where I got it last time. Kids, they don’t pay attention to these kind of things.
“I’m concerned with what’s happening right now, to be honest with you. Very selfishly, we hit a home run with getting through football, because we all know that that needs to happen to keep people afloat financially.
“But I’m a little concerned with what’s going on right now with these numbers that you’re hearing about.”
The
Oklahoma State Department of Health reported 3,330 new confirmed cases of COVID-19 in the state over the weekend.
Gundy said he and his staff have been emphasizing safety to the players, especially with Christmas fast approaching. But he also isn’t going to prevent someone from seeing their family when he is able to go home and see his every night.
“We’re talking to them about it with our staff,” Gundy said. “There’s a certain percentage that have already had a shot and already had a booster. We just do the best we can.”
Dezmon Jackson enters transfer portal
Oklahoma State running back Dezmon Jackson has entered the transfer portal, as first reported by On3.com.
Jackson, who came to OSU in 2019 as a junior-college transfer, has one year of eligibility remaining as a super-senior. He redshirted in 2019 and became a regularly used backup the past two seasons, rushing for 686 yards and six touchdowns in all.
Jackson’s departure could leave the Cowboys looking for a running back on the transfer portal, like they found with Jaylen Warren a year ago.
Warren is expected to leave after the bowl game, and with Jackson’s departure, the Cowboys are left with Dominic Richardson, Jaden Nixon and Zach Middleton as the only scholarship running backs on the roster. Super-senior LD Brown is potentially eligible for a seventh year, though no official determination has been announced on his future.
OSU signed two running backs in the 2022 recruiting class, with 6-foot-3, 210-pound Ollie Gordon of Trinity High School in Euless, Texas, and 6-foot, 180-pound CJ Brown from Beggs.
Jackson is the third OSU player to enter the transfer portal this month, along with offensive lineman Hunter Anthony and defensive tackle Jayden Jernigan.