$15 Million to Walk Away: Mike Gundy's Buyout Highlights the High Cost of Firing College Football Coaches
Despite a stunning fall from grace, losing 11 of his last 12 games and alienating a large portion of the Oklahoma State fan base, former head coach Mike Gundy is walking away from Stillwater with a $15 million golden parachute, courtesy of a buyout clause in his contract. The payout, guaranteed regardless of performance, shows just how expensive the business of college football has become.
Gundy, once seen as the face of OSU football, had time left on his contract when he was fired.