Oklahoma State head football coach Mike Gundy will take a $1 million pay cut for the second straight year during the 2021 season, according to a report by Bill Haisten of Tulsa World. Gundy volunteered to a similar pay cut in 2020 in light of the pandemic, shortening his contract from a five-year rollover to four years with a $1 million reduction.
OSU athletic director Mike Holder stated all contract amendments were Gundy’s idea last season, reducing his pay from $5 million to $4 million. Gundy was scheduled to make $5.375 million in 2021, but will his actual compensation will be $4.375 million, according to Haisten per a university source. It was noted that Gundy’s staff members will not get a raise this offseason.
Haisten also reported that Oklahoma State’s ticket sales are ahead of the total at this time in 2019, and could be approaching record numbers. Last year there was a 25% capacity attendance limit in place that resulted in a severe decline in football revenue -- Holder reported that football generated $37 million in revenue for the athletic department in 2019 compared to just $12 million in 2020.
However, the 2021 season will see the 55,509-seat Boone Pickens Stadium return to full capacity.
“With a Bedlam game on the seven-date 2021 home schedule, OSU is making a push toward a magic number: 50,000 season tickets sold,” Haisten wrote. “Only twice -- in 2013 and 2017 -- has Oklahoma State sold as many as 50,000 season tickets. The record of 50,732 was set in 2017.”