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Quite a pay raise!

Today I received a press alert via email from my alma mater, Oklahoma State. Check out the first two paragraphs below:

Following only the sixth nine-win regular season in school history, Oklahoma State University today announced a contract extension for head football coach Mike Gundy, giving him a new seven-year contract worth $15.7 million. The contract was announced following action by the OSU/A&M Board of Regents at its regular meeting in Miami.

With the new contract, which is effective Jan. 1, 2009 and runs through December of 2015, Gundy’s average annual compensation will be more than $2.2 million. His current six-year contract paid him $1,053,000 this year.

What the heck? That's quite a raise, and he didn't even beat OU, Texas, or Tech! Now, I went to OSU when Mike Gundy was the quarterback there. He was the quarterback during Barry Sanders' Heisman year. He seems like a nice guy and a great coach, but wow...

In all fairness, I have to point out that I also read an article just this week stating that the top five highest paid college football coaches all make between 3.5 and 4 million per year, and OU coach Bob Stoops was in that group. So...in the big scheme of things, OSU probably had to up the ante to keep him.

What are your thoughts on the OU/Missouri Big 12 championship game tomorrow night? I think OU wins, but it will be closer than their last 3-4 games where they scored, oh, like, 60 points per game. I'll say 38-24.

And the Florida-Alabama game? I'll say Florida by 10....31-21.

Comments

  1. Curt McCormickDecember 10, 2008 at 10:23 AM

    Charlcie,
    That's the way of the world, sadly.

    The Yankees just today (12/10) signed pitcher CC Sabatha to a...better sit down for this...$160M (that's one-hundred-and-sixty-million-dollar) contract, to pitch for their team once every five games. Meanwhile, the Yankees are leaning hard on New York City (aka the taxpayers, aka, us/you) for more money, to help fund their new stadium. On the one hand, I'm totally disgusted, but on the other, my disgust doesn't change a thing, so why bother?

    You should blog some day about what that rich oil guy T. Boone Pickens is giving to the OSU athletic department, all the while giving the academic department (aka the school, the reason THERE IS an OSU) zippy money UGH!! That's a scandal far beyond what they pay their football coach.

    ReplyDelete
  2. GaryJanuary 7, 2009 at 11:07 AM

    Since no one else noted it, OU beat MU 62-21 and Florida did beat Massabama 31-20 (but was really closer than the score indicated).

    Geege

    word verification: stappol

    ReplyDelete

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