Report: Oklahoma State, Gundy in 'standoff' over restructured deal

STILLWATER, OK - OCTOBER 5: Head coach Mike Gundy of the Oklahoma State Cowboys runs onto the field for a game against the West Virginia Mountaineers at Boone Pickens Stadium on October 5, 2024 in Stillwater, Oklahoma. West Virginia won 38-14.
Brian Bahr / Getty Images Sport / Getty

Oklahoma State and head coach Mike Gundy are in a "standoff" after the school asked him to take a restructured contract, sources told ESPN's Pete Thamel.

The restructured deal is reportedly expected to include a pay cut. Oklahoma State has also discussed firing Gundy for cause if he doesn't agree to the new contract, Thamel adds.

Gundy signed a perpetual five-year extension with the Cowboys in 2021.

Oklahoma State fired offensive coordinator Kasey Dunn and defensive coordinator Bryan Nardo earlier this week. The Cowboys finished 3-9 in 2024, their worst record of Gundy's tenure. They went 0-9 in Big 12 play.

The 57-year-old owns a 169-88 record as Oklahoma State head coach since he was hired in 2005.

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