Posted by Tom Fornelli
We've basically known it was coming since T. Boone Pickens first tweeted that he thought Mike Gundy deserved a raise following Oklahoma State's win over Oklahoma to finish the regular season, but the Tulsa World is reporting that the school has begun talks with Gundy's agent to discuss a new deal for the head coach.
"As we said we would do a few weeks ago, now that the season is over we are reviewing coach Gundy's contract," said Gary Shutt, OSU's director of communications, in the Tulsa World. "We also have begun discussions with his representative.
"A new contract - reflecting the success we have enjoyed the past three years and expect to continue for years to come - is being discussed. We are striving to have a new, long-term contract for coach Gundy in place soon."
Gundy's current deal paid him $2.1 million for 2011, and still has four years remaining on it. Coming into the season Gundy's salary was the fourth-largest in the Big 12 behind Mack Brown, Bob Stoops and Gary Pinkel. Since then Charlie Weis has gotten more money from Kansas, and Art Briles' new extension will likely exceed $2.1 million annually as well.
With Pinkel leaving for the SEC with Missouri, it's safe to say that Gundy's new deal will make him the third-highest paid coach in the Big 12 along with Stoops and Brown. Which is fitting seeing as how they're the only three head coaches who have won the conference over the last decade.