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Report: Mike Gundy, Oklahoma State Agree to Restructured Contract After 'Standoff'

After going winless in conference games this season, Oklahoma State and head coach Mike Gundy have reportedly agreed to extend their partnership.

According to The Action Network's Brett McMurphy, Gundy and Oklahoma State agreed "in principle to a restructured contract" on Saturday.

Brett McMurphy @Brett_McMurphy

Breaking: Mike Gundy will remain at Oklahoma State, after Gundy &amp; school agree in principle to a restructured contract, sources told <a href="https://twitter.com/ActionNetworkHQ?ref_src=twsrc%5Etfw">@ActionNetworkHQ</a>. The Board of Regents met Friday, discussing Gundy's employment. Gundy's 18 consecutive winning seasons - 9th longest in CFB…

ESPN's Chris Low reported earlier Saturday there was "growing optimism" that Gundy and Oklahoma State would come to terms on a new contract.