Oklahoma State University has agreed to a long-term contract extension with head basketball coach Mike Boynton, sources confirmed to FOX23′s Luke Slabaugh on Monday.
The university confirmed the 7-year, $21 million deal. The $3 million average annual value will make Boynton the highest paid basketball coach in school history.
Boynton, 39, has posted a 72-58 record in four seasons as the Cowboys’ head coach.
“This is a great day for Cowboy basketball,” OSU Athletic Director Mike Holder said in a news release. “I’m reminded of Eddie Sutton’s first news conference in 1990 when he encouraged our fans to buy their tickets while they were still available. That was good advice in 1990 and it is good advice in 2021. We’re blessed to have a rising star as our leader and his team will make games in Gallagher-Iba Arena can’t-miss events. Get your tickets, this will be a lot of fun.”
The Cowboys finished the 2020-21 campaign with a 21-9 record, after an 80-70 loss to Oregon State in the second round of the NCAA Tournament.
The Pokes’ most recent campaign was by far their most successful under Boynton; it included a Bedlam series sweep over archrival Oklahoma; a sweep over West Virginia; playing for the Big 12 conference tournament championship; and a final AP Poll ranking of No. 11.
“I’m very thankful to coach Holder for his initial vision back in 2017, and his leadership team, as well as President Hargis and the Board of Regents for the opportunity to keep building on what we’ve done so far,” Boynton said. “I appreciate all of the fans, alumni and lettermen for loving this program so much, which has given us a story to tell recruits. I’m honored to continue to represent Mr. Iba and coach Sutton’s program, and for the privilege of mentoring the young men who believe in our vision. My family and I are excited for the work that lies in front of us, and looking forward to celebrating much success with all of the great people we’ve grown to love over the last four years.”
Boynton also successfully recruited five-star prospect Cade Cunningham to campus. Cunningham averaged 20.1 points per game and was the Big 12 Player of the Year.
Boynton originally came to Oklahoma State in 2016 as an assistant to then-head coach Brad Underwood. Underwood left after one season for a significant pay raise at the University of Illinois - which, coincidentally, reportedly was set to pay him an average of $3 million annually.