Oklahoma State has reached an agreement on a restructured contract with Mike Gundy, ensuring he remains the Cowboys' coach while altering his salary and buyout terms.
Gundy's new contract terms will include a reduced annual salary of $7.75 million to facilitate revenue sharing with players, representing a shift in financial priorities.
The uncertainty around Gundy's contract negotiations stemmed from differing views on salary reductions, though he ultimately agreed to assist with revenue generation for player benefits.
Despite some regent's hesitation regarding Gundy's continuation, he retains strong support from the university's president and athletic director, highlighting internal divisions in decision-making.
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