While Oklahoma and Texas are entering new chapters in 2017 with young coaches on the rise, Oklahoma State has made a move to lock in Mike Gundy, the most successful coach in program history, with a new long-term rollover deal.
The new deal, subject to approval from the Board of Regents, replaces his old contract, which was set to expire in December 2019. Gundy is now set to make $4.2 million in 2017 with $125,000 escalators each season over the next five years with annual automatic rollovers -- a five-year deal that will add another year to the contract for each season he completes.
Gundy previously made $3.9 million annually, and with the raise is guaranteed a spot as one of the highest-paid coaches in college football. In 2016, only 20 coaches reported salaries of more than $4 million per year, according to the USA Today Salary Database.
"I'm very pleased with the new contract because it reflects our mutual commitment and long-term vision to take our football program to an even higher level in the years to come," Gundy said. "I appreciate the support and confidence of President Hargis and Coach Holder in me to continue to lead this program for many years to come."
Gundy is the longest tenured and winningest coach in Oklahoma State history with a career record of 104-50 and his 63 Big 12 wins rank for fourth all-time in league history.