Mike Gundy buyout: Contract details for Oklahoma State football coach
Austin CurtrightUSA TODAY NETWORK
Mike Gundy is in the midst of his worst season with Oklahoma State football, raising questions about the Cowboys' future.
Oklahoma State (3-8, 0-8 Big 12) is on a 3-game losing streak and will miss a bowl game for the first time since 2005, Gundy's first year at the helm. The Cowboys opened the season as one of the top contenders in the Big 12 but have yet to win a conference game ahead of their season finale against Colorado.
While Gundy said he plans to return next season, things can change quickly in college football, as we know.
“There’s no way that the old lady’s letting me retire,” Gundy said after OSU's loss to Texas Tech in Week 13. “I have as much energy now as I did when I took this job. Most of you guys think I’m crazy, which I am, but when I get up in the morning at about 5:30, I start thinking about football.
“And even though we’re in a really tough situation here that we haven’t been in in 18 years, I’m excited to come to work tomorrow and try to find a way to beat Colorado.”
Here's Gundy's buyout and contract details, if he were to unexpectedly be let go after his 20th season as the Cowboys' coach:
Mike Gundy buyout
As of Dec. 1, 2024, Gundy would be owed $25,359,375 if he were to be fired, according to his contract obtained by the USA TODAY Network.That number is 75% of what he's to be paid under two separate contract agreements, as he's under contract through Dec. 31, 2028, unless his current 5-year rolling contract is extended, which it's set to every Jan. 1 unless given notice.
Oklahoma State would pay Gundy in monthly installments until Dec. 31, 2028, if he was to be fired.
Mike Gundy contract
Gundy is currently on a 5-year rollover contract, which extends by a season every Jan. 1. He earned $7.75 million in 2024.Gundy's contract is set to lengthen by another season on Jan. 1, 2025, along with his annual $125,000 raise.
Mike Gundy record
Here's a look at Gundy's year-by-year record at Oklahoma State:- 2005: 4-7
- 2006: 7-6
- 2007: 7-6
- 2008: 9-4
- 2009: 9-4
- 2010: 11-2
- 2011: 12-1
- 2012: 8-5
- 2013: 10-3
- 2014: 7-6
- 2015: 10-3
- 2016: 10-3
- 2017: 10-3
- 2018: 7-6
- 2019: 8-5
- 2020: 8-3
- 2021: 12-2
- 2022: 7-6
- 2023: 10-4
- 2024: 3-8
