Gundy’s new contract is frontloaded

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March 14, 2012

Gundy’s new contract is frontloaded

Associated Press Wed Mar 14, 2012, 11:32 PM CDT

— OKLAHOMA CITY — 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.

If Gundy were to leave before the contract runs out at the end of 2019, he would be entitled to a fraction of the $4.8 million in retirement funds based on how long he stayed.

Gundy led the Cowboys to their first Big 12 championship and BCS bowl victory last season.

The extension agreed to in January includes a $53,125 bonus for the Cowboys’ participation in the Fiesta Bowl, a $100,000 payment for winning the Big 12 title and a month’s salary for participation in any bowl. There’s also a $400,000 incentive for winning the national championship.

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Gundy’s new contract is frontloaded

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