No official decision has been made regarding Mike Gundy’s future at Oklahoma State University, sources told KOCO. As of 9:30 p.m. Friday, sources close to the matter told KOCO that OSU head coach Mike Gundy has not parted ways with the university. Earlier in the day, ESPN writer Pete Thamel reported that Gundy said the board had asked him to accept a restructured contract. Thamel said this includes a pay cut, but they have not yet provided details to Gundy. The board discussed firing Gundy for cause if he did not agree to the new contract, Thamel said. His buyout is $25 million. It has also been reported that an aggressive NIL approach is expected to rebuild talent like OSU running back Ollie Gordon, who announced Friday he is entering the 2025 NFL Draft and leaving the Cowboys. >> Download the KOCO 5 app “The rumor was about contract restructuring, and I don’t know how that might affect his relationship with the president and athletic director,” said Destry Smith, a third-generation OSU graduate. “There might be some strain in that regard. But I think he has a chance to come back and be better than ever.” While Gundy’s future at OSU remains uncertain, fans in Stillwater are hoping he stays another year. “I think when you’ve been here as long and you’re as successful as you are, there’s a reason why he stayed,” he told James Cassidy, an OSU student. Gundy was hired as the program’s head coach in 2005. The Cowboys posted a 3-9 record during the 2024 season. The team had an 0-9 record in Big 12 Conference play. The Cowboys have made 18 bowl appearances under Gundy’s leadership. Before Gundy, Oklahoma State had 16 bowl appearances in 105 seasons. He was named the 2023 Big 12 Coach of the Year. Gundy coached the Cowboys to the 2011 Big 12 Championship. The team also appeared in the Big 12 Championship game in 2021 and 2023, but the 2024 season fell short of standard. Earlier this week, Oklahoma State University fired offensive coordinator Kasey Dunn and defensive coordinator Bryan Nardo following a losing season for the Cowboys.