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Gundy reels in big bucks in '09
With $1.8 million salary this year, OSU football coach becomes the school's highest-paid coach.

Gundy
 
By BILL HAISTEN World Sports Writer
Published: 7/25/2009  4:13 AM
Last Modified: 7/25/2009  4:42 AM

 Mike Gundy's new contract specifies that the Oklahoma State football coach will be paid $1.8 million this year, the Tulsa World has learned.

Over the course of the seven-year, $15.7 million contract, Gundy's average pay is $2.2 million. The Cowboy coach is scheduled to receive $1.8 million this year, $1.925 million in 2010, $2.1 million in 2011, $2.275 million in 2012, $2.45 million in 2013, $2.5 million in 2014 and $2.65 million in 2015.

If Oklahoma State captures the national championship, Gundy collects a bonus of $500,000. It is not yet known what other bonuses are written into the contract, which will not be released to the public until it is signed by OSU President Burns Hargis.

Hargis is expected to sign the contract next week.

Gundy and athletic director Mike Holder reached agreement on the basic terms in December. The contract took effect on Jan. 1, but Gundy did not sign it until last week. Gundy also gets the use of a new vehicle, and his family is provided a membership at the Karsten Creek Golf Club in Stillwater.

When promoted to the head-coaching position in January 2005, Gundy was paid $700,000. Now, he is the highest-paid coach in OSU history. Travis Ford had held that distinction, having made $1.3 million during his first year as the men's basketball coach.

Gundy's new contract includes a $3 million buyout clause. If he leaves OSU while still bound to the terms of the contract, the university would be due a payment of $3 million.

Gundy's previous buyout sum was equal to the amount that he was being paid at the time. If he had left OSU last year, for example, the buyout sum would have amounted to $1,053,000, which was Gundy's 2008 compensation figure.

At midseason last year, OSU was 7-0 and ranked seventh nationally. Not since 1988 has a Cowboy team reached the Top 10. The 2008 Cowboys finished 9-4 overall, 5-3 in the Big 12. They were No. 16 in the final Associated Press poll.

As Gundy enters the 2009 season, which opens with OSU's Sept. 5, ABC-televised showdown with Georgia at Boone Pickens Stadium, his overall record is 27-23. He has taken the Cowboys to three consecutive bowl appearances.

Various national magazine rankings suggest that OSU may be, for the first time in school history, a presence in the Top 10 of the AP preseason poll. The first AP poll is released on Aug. 22.— BY BILL HAISTEN, WORLD SPORTS WRITER

Gundy’s contract

Details of football coach Mike Gundy’s seven-year, $15.7 million contract with Oklahoma State:

2009 compensation: $1.8 million.

2010: $1.925 million.

2011: $2.1 million.

2012: $2.275 million.

2013: $2.45 million.

2014: $2.5 million.

2015: $2.65 million.

Buyout: $3 million. If Gundy leaves OSU while still bound to the terms of the new contract, the university would be due a payment of $3 million.

Perks: Gundy gets the use of a new vehicle. His family is provided a membership at the Karsten Creek Golf Club in Stillwater.

If OSU wins the national title, Gundy receives a $500,000 bonus. Specifics related to additional bonuses are not known until OSU releases the contract to the public.

Compensation history: Since becoming OSU’s head coach, Gundy was paid $700,000 in 2005, $700,000 in 2006, $953,000 in 2007 and $1,053,000 in 2008.

Bill Haisten 581-8397
bill.haisten@tulsaworld.com
By BILL HAISTEN World Sports Writer

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COMMENTS 
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17 comments have been made for this team so far. Tell us what you think below!
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Report Comment
Dr. Strangelove, Tulsa (7/25/2009 8:57:05 AM)
That's a lot of dough. Hope it seems cheap by the end of this year.
Report Comment
FIRE GUNDY, TULSA (7/25/2009 2:52:00 PM)
Aww come on T Town, we've been a team on the rise for 14 years, this could be the one!
Report Comment
PIRANA, Tulsa (7/25/2009 3:49:01 PM)
Save it for the season! As they'll be a good reason to GO ORANGE!
Report Comment
Stogdiddy, Broken Arrow (7/25/2009 5:50:57 PM)
Dear ttownHACK:

Gundy: 9 wins last year: $1,800,000/9 Wins = $200,000/win

Stoops: 12 wins last year: $3,700,000/12 Wins = $308,333/win

Tell us again who's overpaid....
Report Comment
Ol City Boy, (7/25/2009 7:34:40 PM)
I'm a Sooner fan, but when they mention the head coach salaries, I think it's only fair that they also mention how much money they've brought to their respective schools from Bowl games and TV contracts beside the year's salary.

Coaching isn't all w's and l's, a coach better be bringing in some revenue as well.
Report Comment
MexiMike, Tulsa (7/25/2009 8:31:29 PM)
Borrowed Modem, so real football consists of coaches making tirades and rants every Sunday? Or players staring in their own reality shows? Or maybe the fact that the stars are constanty babied with multi million dollar contracts themselves? That's "real" football?

Fire Gundy, come on. Even you have to be a little excited about this season!
Report Comment
FIRE GUNDY, TULSA (7/25/2009 10:22:04 PM)
MexiMike I'm definitely optimistic, no question. We'll see how it goes. The GA game will be the big test.
Report Comment
Steff M, Claremore (7/26/2009 2:28:53 AM)
Gundy is Stogdiddy. Wipe off your screen.
Report Comment
Stogdiddy, Broken Arrow (7/26/2009 8:48:14 AM)
COME AFTER STOGDIDDY! I'M A MAN, I'M 26!!!
Report Comment
GeneTulsa, Aubrey (7/26/2009 4:26:10 PM)
He is 40 plus years old and he is a man............... OSU will lose again to OU what is new..................
Report Comment
MexiMike, Tulsa (7/26/2009 4:35:58 PM)
Wow, such quick wit put on display. All these "I'm a man" jokes are truly ingenius.
Report Comment
MexiMike, Tulsa (7/27/2009 8:23:40 AM)
Borrowed Modem, where exactly do you think that NFL players come from? Was Peyton Manning pretending to be a football player when he was at Tennessee? Was Adrian Peterson pretending at OU?

Please stop posting. Your gibberish is laughable at best.
Report Comment
Darockwilder, Tulsa (7/27/2009 2:01:51 PM)
Borrowed Modem
Thinks hes so hard. HA HA HA HA what a jack@$$ and even more of a joke!
Report Comment
Darockwilder, Tulsa (7/27/2009 2:26:51 PM)
Go big this year Gundy lets make our fans and school proud!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Report Comment
Arbythree, Tulsa (7/27/2009 2:29:54 PM)
Both schools can cheer for a Gundy. One will do better, guaranteed.
Report Comment
osuhunter, Owasso (7/27/2009 3:47:36 PM)
T-town....now compare apples to apples....don't forget those embarrassing bowl losses in your cute little analysis... :)
Report Comment
Steff M, Claremore (7/30/2009 1:07:12 PM)
BM, that's like saying the NBA is more entertaining than college basketball. It's no contest. The No Fun League pales in comparison to college football. Don't get me wrong, I watch it and appreciate the talent level but at the end of the day I can take it or leave it, just like the NBA (until the playoffs).
 

 
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