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Gundy rewarded with seven-year, $15.7 million deal

Updated: December 5, 2008, 1:08 PM ET
By Tim Griffin | ESPN.com

Oklahoma State football coach Mike Gundy has been rewarded after his team's 9-3 season with a new seven-year contract that will pay him $15.7 million.

The Oklahoma State Board of Regents approved Gundy's contract Friday at its annual meeting in Miami, Okla. The new contract will begin on Jan. 1 and will provide yearly compensation of $2.2 million. Gundy's current six-year contract paid him $1,053,000 annually.

"The OSU Board and administration are extremely pleased with the job ...

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