Mike Gundy has renewed his contract to remain as Oklahoma State’s football coach.

According to multiple reportsGundy and the school agreed to a restructuring deal after a winless season in the Big 12. ESPN reported Friday that OSU and Gundy were in a “stalemate” about a renewed deal after a board meeting this morning.

Oklahoma State went 3-9 in 2024. It was the worst season in Gundy’s 20-year tenure. After Friday’s board meeting, Chairman Jimmy Harrel said, “We have a plan.” The board was in executive session to “obtain information relevant to the employment of Oklahoma State University’s football personnel.”

According to USA Today’s salary database, Gundy is the 17th highest-paid coach in college football on an annual basis, with total compensation exceeding $7.7 million. His buyout is just over $25.3 million as the former Oklahoma State quarterback has a rolling five-year contract.

Oklahoma State recently fired both its offensive and defensive coordinators following its dismal season. Oklahoma State’s offense was plagued by turnovers and its defense allowed nearly seven yards per play and 36 points per game.

The porous season began just a year after the Cowboys played Texas for the Big 12 title and finished 10-4. Oklahoma State opened the season as a favorite in the Big 12, but went 0-9 in Big 12 play. RB Ollie Gordon rushed for over 850 fewer yards in 2024 than he did in 2023, when he finished seventh in Heisman voting.

Gundy also didn’t do himself any favors by having to apologize “to those who took offense to my comments during Monday’s media call” for November comments about fan criticism. With OSU going 0-6 in the Big 12, Gundy said that “most people are weak” when things aren’t going well, even going so far as to say, “In most cases, it’s the people who are are negative and express their opinions.” the same ones who can’t pay their own bills.

Oklahoma State had made 18 straight bowl games under Gundy in a streak that stretched back to his second season. The school’s three wins were its fewest since a 3-8 season in 2000.