MIAMI, Okla. (AP) -Mike Gundy was rewarded by the regents who oversee Oklahoma State on Friday with a new seven-year contract that will pay him $15.7 million.
M College, agreed to a contract with Gundy that will take effect Jan. 1 and run through December 2015. Gundy's annual salary will go from about $1 million to an average of more than $2.2 million.
Gundy is 27-22 in four seasons at his alma mater. His first contract at Oklahoma State paid him $700,000 in 2005, and his current six-year contract would have taken him through 2013.
Details of the new deal weren't immediately disclosed by Oklahoma State.
The No. 14 Cowboys (9-3, 5-3 Big 12) would finish with 10 wins in a season for only the fourth time in school history with a bowl win. All their losses this season came against teams that were ranked in the top three at the time of the game.
Hargis said in a statement. ``With the caliber of student-athletes he and his staff are recruiting, and with our new facilities, the future is very bright.''
Athletic director Mike Holder said Gundy ``has earned this increase'' based on the Cowboys' success on and off the field.
``I have always appreciated the opportunity to coach at my alma mater,'' Gundy said. ``This is the best job in the country. We have great fans, we are building tremendous facilities, we have great support from the administration and I have a terrific staff.''
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