TW:Gundy's deal is made public

[JimBob]

Gundy's deal is made public


By JEFF LATZKE Associated Press
2/12/2008


The final year of extension raises salary to $1.55 million.


OKLAHOMA CITY -- Oklahoma State coach Mike Gundy will make $1.55 million in the additional year that was added to his contract after the Cowboys qualified for their second straight bowl game.

Amendments to Gundy's contract call for the coach to make a base salary of $425,000 and receive another $1.125 million for personal services, such as appearing on radio and television programs, in 2013.

Oklahoma State announced Gundy's contract extension in November after the Cowboys finished the regular season 6-6, and Gundy signed it on Dec. 21, 10 days before his team beat Indiana 49-33 in the Insight Bowl. Terms of the extension were obtained by The Associated Press on Monday through an open records request.

The deal provides the latest in a series of $100,000 annual raises for Gundy, who also re ceived a two-year extension in January 2007. He stands to make $1.05 million this season, and get a $100,000 bump each year after that.

The remaining six years on his contract total $7.8 million, for an average of $1.3 million per year. That places Gundy at the middle of the pack among Big 12 coaches, just ahead of new Nebraska coach Bo Pelini, who signed a five-year deal worth $1.1 million annually.

Gundy's first contract at Oklahoma State paid him $700,000 for the 2005 season.

The latest extension does not change a series of performance bonuses in Gundy's contract, including $100,000 for reaching a BCS bowl or one month's salary for reaching any other bowl. Other bonuses outlined include $400,000 for reaching three bowls in a five-year period, which Gundy could activate this season, or $600,000 for reaching four bowls in five years.

Gundy would get a $500,000 bonus if Oklahoma State won the national championship.

If Gundy were to leave before the end of the contract, he would owe the university one year's salary. If Oklahoma State fired him without cause, the school would pay him half of the salary left on his contract.

[Inky29]

Hmm..that's pretty interesting. I know his first contract could be read somewhere online but I'd never seen his extension he signed. Hopefully he earns all the bonus in that contract, if he comes close I'll be happy :)

[osupride97]

Hmm..that's pretty interesting. I know his first contract could be read somewhere online but I'd never seen his extension he signed. Hopefully he earns all the bonus in that contract, if he comes close I'll be happy :)

If he does, I will quit being a hater. :D

[pistolpete2002]

If he does, I will quit being a hater. :D

Well, I believe he's going to so you better start trying to like him!!!! :D

[wickerbill]

If he does, I will quit being a hater. :D

I'm curious why you hate Gundy but support Sean so much? Sean has had even less success than Gundy since he took over.

[MajorMike]

Other bonuses outlined include $400,000 for reaching three bowls in a five-year period, which Gundy could activate this season, or $600,000 for reaching four bowls in five years.

Miles' bonus for this was a million.

[snuffy]

Miles' bonus for this was a million.

Gundy was a lot greener than Miles was, and it took more to try to kep Miles than it does Gundy being the HC at OSU.

But, I would glady give Gundy a Milion for 4 bowls in row.

[Boss 24]

He should get more base anyway.

[osupride97]

I'm curious why you hate Gundy but support Sean so much? Sean has had even less success than Gundy since he took over.


Has nothing to do with success......and that's debateable anyway, whether he's had better success. We all have our own opinions about that.

I'm not going to hash out all the reasons why. It has to do with things that happened (not with me) back when he was QB. Yes, I've held it against him and I'm not saying that's right. We all like people or dislike people for reasons. I know some hate me on this board, that's just the way life is.

I can ask the same of the Sean haters. He's actually given OSU more years than Gundy has. And most of those are very positive memories.

There really aren't any good reasons for anyone disliking either of our coaches. And like I said on another thread, I financially support the football team, and not the basketball team. I would if I could, just too many games and too far for me to travel each week.

[MajorMike]

Gundy was a lot greener than Miles was

Oh really? How many HC jobs did Miles have previous?

[snuffy]

Oh really? How many HC jobs did Miles have previous?

HC, none; more and more sucessful coaching jobs and experiance, yes.

Was the million a part of Miles first contract or part of an extension or new contract after he did so well and OSU wanted to keep him around? This is what I am guessing but don't honestly know.

BTY, I like Gundy and want to keep him. I was very leary at first and spent two years wondering if we had hired the right man. Now I know we have the right man for the job.

[Boss 24]

Oh really? How many HC jobs did Miles have previous?


Damn good point.




I posted in another thread about Pat Jones coaching experience. He was HC for 10 years, all at OSU. And that was it. Quite frankly, by and large Pat is considered to be the best coach OSU has ever had. The only things that made him any good were Dykes, Gundy, Thomas, Sanders and a winning record.

Gundy needs time. So does Sean.

[RedDirtCowboy]

HC, none; more and more sucessful coaching jobs and experiance, yes.

Was the million a part of Miles first contract or part of an extension or new contract after he did so well and OSU wanted to keep him around? This is what I am guessing but don't honestly know.

BTY, I like Gundy and want to keep him. I was very leary at first and spent two years wondering if we had hired the right man. Now I know we have the right man for the job.

I was concerned when we hired Gundy. Once I really thought about the big picture and the strategic goals for this program I was much more confident that Gundy was the right guy for the job. I think we are within a couple of years of really raising our expectations. I am not sure when those expectations kick in but I would guess that will occur prior to the '09 season. At that point we will need to reevaluate Gundy and decide if he is the right person to move forward with.

BTW, I don't know the specifics of Pride's problems with Gundy but I was in school at OSU with Gundy too and was not very fond of the guy either. That was 20 years ago though and people change. I hope nobody evaluates me based on how I acted when I was 21.

[snuffy]

BTW, I don't know the specifics of Pride's problems with Gundy but I was in school at OSU with Gundy too and was not very fond of the guy either. That was 20 years ago though and people change. I hope nobody evaluates me based on how I acted when I was 21.

If people judge me now by how I acted at 21 i am really screwed. I was a wise ass who did not know when to shut up with an fondness for beer.

[RedDirtCowboy]

If people judge me now by how I acted at 21 i am really screwed. I was a wise ass who did not know when to shut up with an fondness for beer.

Well I have met a lot of people on this board and I think you just described most of us.

[JimBob]

Well I have met a lot of people on this board and I think you just described most of us.

What a disgusting crew.:D

[MajorMike]

HC, none; more and more sucessful coaching jobs and experiance, yes.

Was the million a part of Miles first contract or part of an extension or new contract after he did so well and OSU wanted to keep him around? This is what I am guessing but don't honestly know.

The only OC exp Miles had was at OSU.

It was part of his original contract. Very seldom do future bonuses get spelled out in extensions. Extensions are merely for things not written in the original contract - future years, buyouts, more money, etc.

If Oklahoma State is invited to a bowl four years out of any five-year period, Les Miles collects a $1 million bonus. Some Big 12 rivals even carry a price on their head, with Miles due $3,000 for wins against Oklahoma and Nebraska; $2,000 for K-State, Texas and Texas A&M. And a Top 10 recruiting class brings $3,000

Mike's bonuses for same feats:
3 of 5 - 400k
4 of 5 - 600k
uo - 3k
Neb - 2k
KSU, UT, atm - 2k
ttek, CU - 1k
other B12 - 500
He gets a 1k bonus if any of those wins are a home sellout except uo which he gets a 2k bonus for home sellout
Top 10 class is 5k; top 25 2.5k (obviously raised importance of recruiting)

Mike gets lots of other bonus opps, which Les did as well I just don't have his figures:
80% retention - 5k
70% retention - 2.5k
Ave attend 40k+ - 3k
Ave attend 47k+ - 5k
Winning all non-conf games in a season - 1k
AD can adjust any of the bonuses for teams (such as KU and Mizzou) but must notify coach in writing by 1 Aug (who knew KU would be a BCS team?)
AD will identify one non-conf game a year for a 500 bonus (toughest non-conf)
If any team at home is in the top 25 and there is not a sellout, add 500
* In other words, when we beat KSU and ttek without the sellout Mike got an extra 500

Also a clause saying Mike can split his bonuses among his assists in anyway he sees fit with AD approval

Also, he can't double up on a bonus in a single year. In other words if he goes to 4 in a row bowls, he can't get the 3 of 5 and 4 of 5 bonus in the same year. He can, however earn them consecutively, as in the 400k bonus when he goes to 3 and then the 600k bonus every year following because it will always be 4 in a row or 4 of 5. For this reason, it would be fairly safe to assume that longevitiy here would GREATLY pay off for Mike, because not only will he get contract extensions worth around 100k a year and possibly much more if we have 9+ win seasons, but he will be getting at the very least a 400k bonus EVERY year, and quite probably 600k. Think about that wad of cash in your stocking.

[CaliforniaCowboy]

If people judge me now by how I acted at 21 i am really screwed. I was a wise ass who did not know when to shut up with an fondness for beer.

hmmm... is one supposed to grow out of that?

maybe that's it.