Sources: Gundy agrees to restructured deal, stays at Oklahoma St.

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Oklahoma State and Mike Gundy have reached an agreement on a restructured contract, and he will remain as the Cowboys' coach, sources told ESPN on Saturday.

The two sides had discussions Friday and Saturday about a new deal after the Oklahoma A&M regents, who oversee Oklahoma State, held a special meeting Friday morning to discuss Gundy's employment and other football staff employment matters. The meeting did not end with any resolution Friday, but board chair Jimmy Harrel told local reporters, "We have a plan."

As part of the restructuring of Gundy's contract, his $7.75 million annual salary will be reduced to help with NIL payments to pay players, and…