Mike Gundy Buyout: Is Oklahoma State finally ready to move on?
Mike Gundy. Image Credit: AP photo
The Mike Gundy era at Oklahoma State may be approaching its breaking point. Following a stunning 19-12 loss to Tulsa, the Cowboys’ 11th straight defeat to FBS opponents, pressure is mounting on the administration to act, even if it means absorbing Gundy’s massive $15 million buyout.
What was once a story of loyalty and longevity now feels like an overdue goodbye. The same coach who built Oklahoma State into a national brand is now facing growing chants of “Fire Gundy” from his own fan base.
A Stunning Defeat Marks a Low Point
Friday’s loss at Boone Pickens Stadium was more than just an upset. It was Tulsa’s first win in Stillwater since 1951, achieved under first-year coach Tre Lamb, who outcoached Gundy with the help of two ex-Cowboys, Dominic Richardson and Braylin Presley.
The result followed a 69-3 blowout loss to Oregon, further fueling the narrative that Oklahoma State has slipped into free fall. Longtime frustrations with Gundy’s handling of recruiting, the transfer portal, and NIL strategy resurfaced in full force.
Buyout Numbers: $15 Million Until 2028
If Oklahoma State moves on now, the school must pay $15 million to terminate Gundy’s contract without cause, a figure that holds until December 31, 2027. Starting in 2028, that buyout drops to $10 million.
Gundy currently earns $6.875 million annually, with incremental raises of $125,000 each year under his deal that runs through 2028. His contract was restructured last winter after a 3-9 season, removing his automatic rollover clause and reducing previous buyout protections.
Legacy vs. Reality
There is no denying Gundy’s contributions. Since taking over in 2005, he has delivered:
- 10 double-digit win seasons
- A 2011 Big 12 Championship
- Two Fiesta Bowl victories
- A 12-6 record in bowl games
But loyalty has its limits. Critics argue that Gundy failed to modernize, avoiding the portal for years, underestimating NIL, and keeping assistants too long. Now, Oklahoma State sits winless against FBS competition since September 2024.
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Fan and Donor Pressure Intensifies
Friday’s blackout game turned into a symbolic funeral for the Gundy era. Boos echoed through the stadium as thousands left early. Even Oklahoma State’s radio broadcast called the defeat “the worst sore we’ve seen in a long time.”
Donors and boosters, crucial to any coaching change, appear increasingly restless. With the Big 12 season looming, many argue that waiting only prolongs the inevitable and risks falling further behind conference rivals.
What Happens Next?
If Oklahoma State bites the bullet on the buyout, it could join schools like UCLA and Virginia Tech, who already made coaching changes this season. Doing so would allow the Cowboys to begin their search for Gundy’s successor before year’s end.
If not, Gundy will face the daunting task of salvaging a broken roster while chants for his firing grow louder. His contract even requires him to assist in identifying his successor, though at this point, that may be more than a formality.
Either way, Oklahoma State stands at a crossroads: cling to its most decorated coach in history or cut ties at a steep cost to chase a new future.
Mike Gundy Buyout FAQ: Everything You Need to Know
What is Mike Gundy current contract status?
Mike Gundy’s contract with Oklahoma State runs through December 31, 2028. For the 2025 season, he is set to earn $6.75 million, with an annual raise of $125,000 each year thereafter.
What is the buyout amount if Mike Gundy is fired?
If terminated without cause before December 31, 2027, Oklahoma State would owe Gundy a $15 million buyout. After that date, the buyout decreases to $10 million.
Why was Gundy’s contract restructured?
In December 2024, Gundy agreed to a restructured contract that reduced his salary by $1 million. This move was part of an effort to redirect funds toward Name, Image, and Likeness (NIL) initiatives to enhance player recruitment.
How has Oklahoma State performed under Gundy recently?
The Cowboys have experienced a decline, with a 3-9 record in the 2024 season and a current 11-game losing streak to FBS opponents.
What does the future hold for Mike Gundy?
While Mike Gundy has been a significant figure in Oklahoma State’s football history, the recent performance issues and the team’s struggles have led to increased speculation about his future with the program.