Were you one of the many people who was deeply concerned and confused about Mike Gundy seemingly entertaining an offer from Tennessee, and meeting with Tennessee brass in Dallas earlier this week? Well, today, we got our answer as to why Gundy took a serious look at Tennessee. Minutes ago, Mark Cooper of Tulsa World reported that Gundy would be making $5 million in 2018, a report that we have confirmed.
BREAKING: Mike Gundy's salary to increase to $5 million in 2018. #OKState Board of Regents approved an addendum to his contract this morning.
— Mark Cooper (@mark_cooperjr) December 1, 2017
After the scare with Tennessee, Oklahoma State’s Board of Regents approved the pay increase this morning. Gundy, who was making $4.2 million in 2017, will be making $$675,000 more in 2018 than he was expected to make ($4.325 million). With this new pay raise also comes a new buyout increase, up from $3 million to $5 million, which is surprisingly still relatively low compared to other coaches making similar amounts.
Gundy will be one of the top ten highest paid coaches next season, as he enters his 14th years as the head coach in Stillwater, and is likely in for an extension sooner rather than later, especially if the Cowboys have a good 2018 season. Gundy is one of the most secure coaches in the nation, and there should no concern around Stillwater about losing Gundy to Tennessee, or any school anytime soon.
Gundy is 113-53 at Oklahoma State, and has led the Pokes to 12 straight bowl appearances (assuming they make one this season), and five double-digit win seasons, and a chance for six this year. The Cowboys had only had three double-digit win seasons before Gundy, in 1984, 1987, and 1988, all of which came under Pat Jones. It’s safe to call Gundy the most prolific coach in school history, and he’s finally getting paid accordingly.