- ABC News
- December 7, 2024
Oklahoma State and Mike Gundy have reached an agreement on a restructured contract, and he will remain as the Cowboys' coach, sources told ESPN on Saturday. The two sides had discussions Friday and Saturday about a new deal after the Oklahoma A&M regents, who oversee Oklahoma State, held a special meeting Friday morning to discuss Gundy's employment and other football staff employment matters. The meeting did not end with any resolution Friday, but board chair Jimmy Harrel told local reporters, "We have a plan." As part of the restructuring of Gundy's contract, his $7.75 million annual salary will be reduced to be redistributed as part of revenue sharing with players, and his buyout will also be reduced, sources told ESPN. Gundy would have been owed $25.3 million had he been fired without cause. Sources said Gundy was already onboard to give up part of his salary to help with revenue sharing, but that the two sides differed initially on the amount of the salary reduction - leading...