In a surprising turn of events, Oklahoma State University has requested head football coach Mike Gundy to accept a major reduction in his salary, potentially affecting his future at the institution. Sources close to the situation reveal that the university is seeking to renegotiate Gundy’s contract, which presently extends through 2028. This development follows a disappointing season for the Cowboys, culminating in a nine-game losing streak.
The situation between Oklahoma State and Mike Gundy has reached a critical point. The university has proposed a significant pay cut in Gundy’s contract, alongside a considerable decrease in his buyout clause, currently around $25 million. Sources indicate that discussions between the parties are ongoing, with hopes for an agreement on a revised contract. Yet, the possibility of termination for cause remains if Gundy does not consent to the new terms. It remains uncertain what might justify such an action against him.
Gundy’s tenure at Oklahoma State spans 20 seasons, marking him as the second-longest-serving coach in college football. His record stands at 169 wins and 88 losses, with only two losing seasons, including the most recent one. The team’s 3-9 record, featuring a winless conference performance, has increased pressure on Gundy from the school’s officials. In previous interactions, Gundy agreed to a $1 million pay cut in 2020 under similar circumstances, following scrutiny of the program.
This season has not been without its controversies for Gundy. He faced backlash for remarks perceived as insensitive, prompting public apologies. At a media day event, he attempted to clarify statements related to a player’s DUI arrest, citing personal experiences to emphasize common errors in judgment. Despite these controversies, Gundy’s salary was reinstated to nearly $7.75 million in 2021, after being adjusted alongside a restoration of his ‘perpetual five-year contract.’
Oklahoma State has declined to issue official statements regarding these developments. However, insiders suggest that negotiations continued into the night, with optimism for reaching a consensus. The financial implications and the team’s disappointing performance seem to drive the university’s push for contractual adjustments.
As Oklahoma State negotiates with Mike Gundy, this situation remains fluid. The outcomes of these discussions could significantly impact Gundy’s role and the team’s future, as both parties seek a resolution to their current disagreement.
Source: Espn
