Oklahoma State owes Mike Gundy a flat $15 million buyout after firing him on Sept. 23, 2025, three games into his 21st season, following a home loss to Tulsa. Gundy is the winningest coach in program history at 170 and 90. The buyout would have been about $25.3 million had he not renegotiated his contract nine months earlier.
| Buyout | $15 million in monthly installments |
| Why it was flat | A January 2025 renegotiation after a 3 and 9 season cut his salary by $1 million and replaced a percentage buyout with $15 million in the first three years, $10 million in the fourth |
| Old buyout | About $25.3 million under his previous terms |
| Salary when fired | About $6.75 million to $6.8 million |
| Replacement | Eric Morris, hired from North Texas |
His Oklahoma State Legacy
Gundy played quarterback for the Cowboys from 1986 to 1989 and coached them from 2005, winning 10 or more games eight times, the program’s only outright Big 12 title in 2011 and three Big 12 coach of the year awards. The end came quickly: 3 and 9 in 2024, a 69 to 3 loss at Oregon and a loss to Tulsa in September 2025.
Figures are from the contract obtained by Oklahoma Voice and reporting by CBS Sports and Front Office Sports. More on college football coach buyouts.
The Bottom Line
Oklahoma State owes Mike Gundy $15 million, paid monthly, after firing him in September 2025, a figure he agreed to in a January 2025 renegotiation that saved the school about $10 million. Follow the Cowboys on the Oklahoma State football schedule and Oklahoma State score today.