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Details of Mike Gundy’s New Five-Year Contract Released



Mike Gundy’s new five-year deal worth $22.25 million was released on Monday. In it, incentives regarding performance — including if OSU wins the Big 12, appears in a New Year’s Six bowl game, and beyond — were details that had not been previously released.

Here’s a bullet-point breakdown of some of the high points you need to know. A link to the full contract can be found at the bottom of the page.

  • Mike Gundy will make an average salary of $4.45 million per year for the first five years
  • The contract includes an automatic rollover, meaning one additional year will be added after every season unless the university provides written notice to the contrary within seven days of the final game of the season. Here’s the wording of that section.
  • Gundy, President Burns Hargis and Athletic Director Mike Holder signed the contract in orange ink. Because of course they did.

There are also huge incentives for appearing in a New Year’s Six bowl game and beyond. Here’s the breakdown.

  • Appear in a non-New Year’s Six bowl game: 1.5-month’s base salary. Per the Tulsa World: “Gundy’s base salary is $500,000 — the other $3.7 million falls under his talent and personal services contract and money given to his retirement program. So this would be a $62,500 bonus.”
  • Appear in a New Year’s Six bowl game: $125,000
  • Win the conference championship game, finish first (or tied for first) if there is no conference championship game, or participate in a College Football Playoff semifinal game: $150,00
  • Appear in the CFP national championship game: $350,000
  • Win the CFP national championship game: $750,000

There are also terms of termination in the contract that state OSU will pay Mike Gundy 75 percent of the money remaining in the contract to be paid out over the course of the contract if the contract is terminated by OSU.

Should Gundy terminate his contract without notice, he is responsible for paying $3 million in liquidated damages. From the Tulsa World: “The buyout will be reduced by $1 million if the contract is not automatically extended, but will increase back to $3 million if the term is later extended back to five years.”

If you want to read the entire contract, you can do so by clicking here (via the Tulsa World.)

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