Tulsa World: OSU athletic director not concerned about Gundy's unsigned contract

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OSU athletic director not concerned about Gundy's unsigned contract

Oklahoma State head coach Mike Gundy speaks to the media during a February press conference at Boone Pickens Stadium in Stillwater. JOHN CLANTON/NewsOK.com

By DAVE SITTLER World Sports Columnist
Published: 6/4/2009 10:04 AM
Last Modified: 6/4/2009 7:50 PM

Read more on Dave Sittler's blog.

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 of 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 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.”

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By DAVE SITTLER World Sports Columnist

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COMMENTS

Reader comments for this story have been moved to the most updated version of the story, now under the headline "Holder: No problem with Gundy's contract," which was published on 6/5/2009. So far, 40 comments have been made.

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