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OSU Offers Gundy 8 Year, $30 Mil Coaching Contract

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OKLAHOMA CITY (AP) — Oklahoma State football coach Mike Gundy’s new eight-year, $30.3 million contract includes a big boost at the beginning.

Details of Gundy’s deal released Wednesday to The Associated Press after an open records request show Gundy will earn $3.275 million in the upcoming season. That’s a jump of more than $1 million over the $2.1 million Gundy was due last year under his old contract.

His salary will go back down to $2.85 million in 2013 before climbing over the rest of the term of the extension, maxing out at $3.55 million in 2019. Oklahoma State will also contribute another $600,000 per year to a retirement account for Gundy.

Gundy led the Cowboys to their first Big 12 championship and BCS bowl victory last season, bringing him additional performance-based incentives.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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