Tuesday, April 21, 2026

Oklahoma State Fires Mike Gundy, Eating $15 Million Buyout

Gundy led the program to 18 bowl appearances in 20 full seasons.

Mike Gundy
The Oklahoman

Oklahoma State fired head football coach Mike Gundy on Tuesday after two decades and 170 wins with the Cowboys.

The team has a 1–2 record to start the season after losing to Tulsa on Saturday. It marked the team’s 11th consecutive loss to FBS programs. The 3–9 record in 2024 was a steep fall from grace after making the Big 12 title game in 2023.

Oklahoma State renegotiated Gundy’s contract after last season to reduce his pay and buyout. The school will owe its winningest coach a $15 million buyout. Had they not renegotiated, the buyout would’ve been $25.3 million.

ESPN first reported the news.

Gundy, 58, has led the Cowboys since 2005, making 18 bowl appearances in his 20 full seasons at the helm. The Big 12 named Gundy its conference Coach of the Year three times, most recently in 2023. He was the second-longest tenured coach in college football behind Iowa’s Kirk Ferentz. On Monday, he said he “100 percent” wanted to keep coaching at Oklahoma State past the 2025 season.

Oklahoma State struggled to adjust to the new era of college athletics. Last year, Gundy quipped about name, image, and likeness negotiations ending once football season began: “Tell your agent to quit calling us and asking for more money.” His program then tried to put QR codes linking to the school’s NIL collective on players’ helmets, but the NCAA shot them down.

Earlier this summer, Gundy peeled back the curtain on the team’s NIL strategy, saying at first he thought “this will go away.” He told On3 this was the first offseason Oklahoma State had “bought portal kids,” a decision he said hurt their depth last year.

“That was really kind of my fault, because what I had done was taken money that had been raised through donations and spread it amongst the troops somewhat evenly to the current players,” Gundy said. “We didn’t go out and solicit for players and pay them to come to our team. We did that starting in December, which I think we all would agree, if you don’t do that, you’re not going to survive.”

Oklahoma State athletic director Chad Weiberg alluded to the NIL race in a statement about Gundy’s firing.

“College football has changed drastically in the last few years, and the investment needed to compete at the highest level has never been more important,” Weiberg said. “Moving forward, it is critical for our fans, alumni and donors to align behind Cowboy Football. This is a pivotal moment, the stakes have never been higher and we need everyone on board.”

Gundy played quarterback for the Cowboys from 1986 to 1989 with teammates Thurman Thomas and Barry Sanders. He joined the coaching staff as an assistant after graduating, and made stops at Baylor and Maryland before coming back to Stillwater.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Quinnipiac women's varsity rugby

The Death of Quinnipiac Women’s Varsity Rugby

The sudden decision at Ilona Maher’s alma mater left players blindsided.
Jan 12, 2026; Pittsburgh, PA, USA; Pittsburgh Steelers head coach Mike Tomlin leaves the field following an AFC Wild Card Round loss to the Houston Texans at Acrisure Stadium. Mandatory Credit: Barry Reeger-Imagn Images

Mike Tomlin Heading to NBC Sports as Studio Analyst

Tomlin was widely considered the top NFL TV free agent.

NFL Rookie Deals Will Top $50M for the First Time Since 2010

This year’s top pick will make nearly $55 million.
November 28, 2021; Santa Clara, California, USA; Minnesota Vikings wide receiver Adam Thielen (19) catches a touchdown against San Francisco 49ers safety Talanoa Hufanga (29) during the second quarter at Levi's Stadium.

Former NFL Pro Adam Thielen Is Betting on the Youth Sports Boom

“We want to help athletes get better wherever they’re at.”

Featured Today

The Lawyer Steering the NIL Era

In the new era of college sports, Darren Heitner is everywhere.
blake griffin
April 14, 2026

Inside Blake Griffin’s Rookie Season at Prime Video

The six-time All-Star was initially hesitant to enter the media space.
Matthew Schaefer/Front Office Sports
April 10, 2026

Matthew Schaefer Has the Hockey World in His Thrall

The teenage Islanders defenseman cannon-balled into the NHL.
April 9, 2026

College Athletes Are Ignoring NCAA Gambling Bans

“We were going to bet regardless,” says one former D-I athlete.
April 20, 2026

Top Transfer Audi Crooks Picks Oklahoma State in Surprise Move

Crooks played her first three seasons at Iowa State.
April 20, 2026

The QB Class That Reshaped a New Era of College Football

College football’s transfer portal and revenue-sharing picked up in 2025.
Sponsored

Why Brandon Marshall Bet on Athlete-Owned Media

Brandon Marshall on athlete media, life after football, building I AM ATHLETE.
April 19, 2026

March Madness Hero Braylon Mullins Will Stay at UConn

The Huskies star will return for his sophomore season.
April 17, 2026

Cignetti: Indiana’s Title-Winning Roster Cost Well Under $40M

Indiana defeated Miami in the CFP title game. 
Ohio State Buckeyes quarterback Julian Sayin (10) throws during the Cotton Bowl at AT&T Stadium in Arlington, Texas for the College Football Playoff quarterfinal game against the Miami Hurricanes on Dec. 31, 2025.
exclusive
April 15, 2026

Private Equity Burrows Deeper Into College Sports

Arctos had a previously unreported stake in Learfield, sources told FOS.
April 15, 2026

Michaela Onyenwere Made $205K With UCLA Before WNBA Payday

Onyenwere spent the past season as a UCLA assistant.