YAHOO SPORTS - The school’s board of regents met Friday morning and is reportedly in a “standoff” with coach Mike Gundy, according to ESPN.

Oklahoma State went 3-9 in 2024. It was the worst season of Gundy’s 20-year tenure. After the board meeting on Friday, chair Jimmy Harrel said “we have a plan.” The board was in executive session on Friday for “information relevant to the employment of Oklahoma State University football staff.”

According to multiple reports, Oklahoma State is set to offer a restructured contract for Gundy. Per ESPN, Gundy could be fired for cause if he doesn’t accept the deal.

Per USA Today’s salary database, Gundy is the 17th-highest paid coach in college football on an annual basis with a total compensation of over $7.7 million. His buyout is just over $25.3 million. If he was fired for cause, Oklahoma State can contend that Gundy isn’t owed any of the buyout.

Oklahoma State had gone to 18 straight bowl games under Gundy in a streak that dated back to his second season. The three wins the school posted were the fewest since a 3-8 season in 2000. Oklahoma State recently fired both its offensive and defensive coordinators after the dismal season. Oklahoma State’s offense was plagued by turnovers and the defense allowed nearly seven yards a play and 36 points per game.