Final season of Gundy's new deal will raise salary to $1.55M
OKLAHOMA CITY -- Oklahoma State coach Mike Gundy will make $1.55 million in the additional year that was added to his contract after the Cowboys qualified for their second straight bowl game.
Amendments to Gundy's contract call for the coach to make a base salary of $425,000 and receive another $1.125 million for personal services, such as appearing on radio and television programs, in 2013.
Oklahoma State announced Gundy's contract extension in November after the Cowboys finished the regular season 6-6, and Gundy signed it on Dec. 21, 10 days before his team beat Indiana 49-33 in the Insight Bowl. Terms of the extension were obtained by The Associated Press on Monday through an open records request.
The deal provides the latest in a series of $100,000 annual raises for Gundy, who also received a two-year extension in January 2007. He stands to make $1.05 million this season, and get a $100,000 bump each year after that.
The remaining six years on his contract total $7.8 million, for an average of $1.3 million per year. That places Gundy at the middle of the pack among Big 12 coaches, just ahead of new Nebraska coach Bo Pelini, who signed a five-year deal worth $1.1 million annually.
Gundy's first contract at Oklahoma State paid him $700,000 for the 2005 season.
The latest extension does not change a series of performance bonuses in Gundy's contract, including $100,000 for reaching a BCS bowl or one month's salary for reaching any other bowl. Other bonuses outlined include $400,000 for reaching three bowls in a five year period, which Gundy could activate this season, or $600,000 for reaching four bowls in five years.
Gundy would get a $500,000 bonus if Oklahoma State won the national championship.
If Gundy were to leave before the end of the contract, he would owe the university one year's salary. If Oklahoma State fired him without cause, the school would pay him half of the salary left on his contract.
Copyright 2008 by The Associated Press
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