The Oklahoma State University Board of Regents voted Friday to give Oklahoma State Cowboys head football coach Mike Gundy a two-year extension that had been negotiated earlier this year by Gundy and Oklahoma State University Vice-President for Athletics Mike Holder.
The extension approved by the Regents will take Gundy through the 2021 football season and pay him a base salary of $4.15 million over each of the final two years. There are other monetary benefits that will increase the value to Gundy.
"Coach Gundy runs the program the right way," said Joe Hall, Board of Regents chair to the Stillwater News-Press. "We appreciate the integrity with which the program has been run top to bottom."
Oklahoma State University President Burns Hargis was also happy to have Gundy locked in for two more years as the Cowboys football boss.
"We wanted to make sure that everybody knew that he is our guy," Hargis added. "I think recruits and assistant coaches want to know that the coach that hired them is the coach that is going to be there."
Recently, Hargis expressed to Triple Play Sports Radio and Scout what a comfort it is as an administrator to know Gundy does things the right way.
"I was the chair of the Board of Regents, I believe when we hired Mike and he was so adamant about doing things right and stressing that we could not break rules," Hargis said. "He has been that way throughout his time as head coach and when the Sports Illustrated stories came out I knew they couldn't be true because that was so counter to the way Mike runs the program. Not only are we doing things right and within the rules, but we're playing pretty well too."
It is important for a program's stability that a coach is locked in for the duration of players' time there, which is five years. They will know that Gundy is going to be there. Under Gundy's direction the program has participated in a school record 10 bowl games in a row, won the 2011 Big 12 Championship, played in their first Sugar Bowl in 60 years, and has an overall record of 94 wins and 47 losses.