Mike Gundy, Oklahoma State football reportedly agree on restructured contract

Mike Gundy's time in Stillwater, Oklahoma, is not yet coming to a close.

Reports on Saturday morning indicated that Gundy and Oklahoma State football had agreed on a restructured contract to keep him in Stillwater. Gundy, 57, will return for his 21st season with the Cowboys in 2025.

REQUIRED READING: College football's first 12-team playoff is nearly set, but no one seems happy about it

PokesReport.com was the first to report Gundy and the university had agreed on a restructured deal. The terms of the agreement are not immediately known, nor has the university confirmed it. But this comes on the heels of a Friday morning special meeting of the Oklahoma A&M College Board of Regents in which Gundy's contract status was discussed.

The Oklahoman reported Gundy had been offered a restructured contract, which included a pay cut and other restrictions for him to remain the Cowboys coach.

According to the USA TODAY Sports coaches database, Gundy was the 17th-highest-paid coach during the 2024 college football season at $7.75 million and was set to be paid $7.875 million for the 2025 season. However, the restructuring will change that number.

In his first 20 years in Stillwater, Gundy has posted a 169-88 overall record and a 102-72 Big 12 record. He is the winningest coach in school history. However, Oklahoma State is coming off a 3-9 season in which it did not win a single conference game. Coordinators Kasey Dunn (offensive) and Bryan Nardo (defensive) were fired on Wednesday.

This story will be updated as more information is available.

This article originally appeared on USA TODAY: Reports: Mike Gundy, Oklahoma State football agree on amended deal