Mike Gundy, Oklahoma State Agree on 5-Year Contract Extension

Oklahoma State and head football coach Mike Gundy have agreed to a new five-year contract extension on June 13. 

Per The Oklahoman's John Helsley, Gundy's new deal with the Cowboys will pay him $4.2 million in 2017 with salary escalators of $125,000 each season. 

The board of regents officially approved the contract and the deal was signed on Friday, per Mark Cooper of Tulsa World.

A new deal between Gundy and Oklahoma State had been expected for some time. He originally agreed to a two-year extension through the 2021 season last June but didn't sign the deal.

Oklahoma State spokesman Gary Shutt told Mark Cooper of the Tulsa World in December that Gundy had revised the deal and neither side had yet signed off on it. 

Around the same time of the contract revision, Oklahoma State sideline reporter Robert Allen reported Gundy was meeting with Baylor about its vacant head coaching position. Matt Rhule was eventually hired at Baylor.

In 12 years as Oklahoma State head coach, Gundy has compiled a 104-50 record with 11 straight bowl appearances.