Oklahoma State athletic director Mike Holder said Cowboys fans have no need to be concerned that football coach Mike Gundy has yet to sign a lucrative contract extension.

The OSU/A&M Board of Regents announced last December that it had approved a new seven-year contract worth $15.7 million for Gundy, who is 27-23 in four seasons at his alma mater.

The contract, which went into effect Jan. 1, 2009 and runs through December 2015, pays Gundy an annual compensation of more than $2.2 million per season. His previous six-year contract, which escalated in value each season, was worth $1,053,000 in 2008.

Six months after it was approved, Gundy has yet to place his John Hancock on the dotted line. Not to worry, according to Holder.

"No problem on signing the contract," Holder wrote in an e-mail. "The process is ahead of schedule. (Gundy's) original contract agreed upon in January of 2005 was not signed until October or November of 2005. I remember because I signed it as athletic director, but it was negotiated when I was coaching golf.

"There are no issues, and it will be signed in the next few weeks."

Gundy received the sweet deal after OSU finished the 2008 regular season 9-3, only the eighth time in school history the Pokes posted at least nine wins.

Holder also shot down rumors that the delay in obtaining Gundy's signature is because the Cowboys coach has an agent who is driving a hard bargain.

"Neither (basketball coach) Travis Ford or Mike Gundy have agents (negotiating for them)," Holder wrote. "I have only dealt with the coaches."