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Report: Gundy taking another $1 million pay cut for 2021 season

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Coach Gundy

Head Coach Mike Gundy

After a season riddled with COVID-19 hurdles, a stadium only 25% filled and an athletic department stretched thin, Oklahoma State coach Mike Gundy has taken another pay cut. 

On Saturday, Bill Haisten of the Tulsa World reported Gundy would take a $1 million pay cut for the 2021 season, similar to his pay cut he took ahead of the 2020 season in light of the COVID-19 pandemic. 

According to Haisten, Gundy was reported to make $5.375 million this season, but with the pay cut he is now expected to make $4.375 million. 

Athletic director Mike Holder said in 2020 Gundy's pay cut was his idea, and it is likely this was the case this season. Gundy also shortened his contract from a five-year rollover to four years. 

Haisten noted none of Gundy's staff members earned a raise this offseason. 

In the aftermath of the pandemic, OSU's athletic department is optimistic for a quick return.  Boone Pickens Stadium is expected to be at full-capacity this season, and current ticket sales higher than they were at this time in 2019 according to Haisten. 

Holder told the Oklahoman the football program saw a decline, generating $37 million in revenue, but brought in roughly $12 million in profit.