Oklahoma State coach Mike Gundy signed a new contract which includes a raise to $4.2 million annually.
Gundy's previous contract was set to expire in 2019. That deal was extended in 2016 when the Cowboys' coach landed a two-year, $8.3 million pact.
"Today is a good day for Oklahoma State football," OSU athletic director Mike Holder said. "The new contract recognizes Coach Gundy's success at building and sustaining a premier college football program and reflects our appreciation and our long-term commitment to Coach Gundy. Not only is he one of the best coaches in the country, he also does things the right way.
"His players love playing for him because he is the consummate players' coach. While I believe his achievements are often overlooked nationally, he's certainly appreciated by those of us at Oklahoma State."
Gundy is the longest-tenured and winningest coach in Oklahoma State history with a career record of 104-50. OSU won the Big 12 championship in 2011 and a Big 12 South co-championship in 2010. Only three other coaches have more than Gundy's 63 Big 12 wins.
As recently as May, Gundy did not sound certain he was long for Stillwater based on the terms of his contract and rising salary demands he made on behalf of his assistant coaches. Gundy acknowledged on the record that he was feeling vulnerable at his alma mater.
Gundy also told The Oklahoman last month that he was ready to sign a deal that would not require any additional short-term maintenance to his own contract or that of his assistants, who were among the lower-paid football staff in the Big 12.
"I don't want to just sign something that a year from now, I'm going to say I don't like," Gundy said. "I have no interest in that. I don't know how long I'm going to coach. But I do know this. I want to have every opportunity for these guys ... to do what we want to do. I feel we've earned that now."
His new five-year deal includes automatic salary escalators of $125,000 per year.