OT: Mike Gundy takes pay cut at Oklahoma State

[rutgersdave]

Mike Gundy takes pay cut to end Oklahoma State contract standoff

Mike Gundy isn’t going anywhere after all.

nypost.com

The longtime Oklahoma State head coach and university agreed to a restructured contract, according to ESPN.

On Friday, the outlet reported that the two sides were in a standoff after Oklahoma State asked Gundy to take “a significant pay cut,” and there were discussions of potentially firing Gundy if he did not restructure his deal.

The school also reportedly requested that Gundy lower his $25 million buyout.

Now, according to ESPN, Gundy’s $7.75 million-per-year deal — along with his buyout — will be lowered to help use NIL funds to get players.

 

[RUTGERS95]

wish we get Greg to do this

 

[rutgersdave]

In negotiation with the coach, it sounds like schools can use their funds for NIL. New coaches can require the school to donate a certain level for NIL in addition to their salary.

 

[rutgersal]

In negotiation with the coach, it sounds like schools can use their funds for NIL. New coaches can require the school to donate a certain level for NIL in addition to their salary.

What’s more likely is that the coaches salary is partially funded by boosters. So they will now have the boosters reallocate to NIL, whatever portion they are not paying to the coach.

Schools paying nil directly hasn’t been approved yet.

 

[LotusAggressor]

wish we get Greg to do this

I hope doesn't take going 3-9 to do it.

 

[TM94goRU]

Coach Gundy is used to it, as he took a million dollar pay cut when a star RB from Canada, now with the Carolina Panthers complained he was photographed in an OAN shirt.

 

[kupuna133]

I doubt he is actually taking a pay cut. Yes his pay from OSU is reduced. But it will be replaced by off balance sheet remuneration.

 

[LotusAggressor]

The way they played, his pay should have been cut to zero.

 

[jsol_05]

The way they played, his pay should have been cut to zero.

Wow we are critiquing a school for paying a 169- 88 coach 7.74 million, while we 94-101 coach 6.25 mill in 2024