Gundy, in his seventh year in Stillwater, led the Cowboys to their first outright conference title since 1948 with an 11-1 record and a No. 3 ranking in the final BCS standings. Oklahoma State's only loss came at Iowa State in overtime.
"We've had a tremendous year at Oklahoma State, winning the Big 12 and earning our first-ever trip to a BCS Bowl," Gundy said. "It's a testament to our players and our coaching staff that we are in the position that we are in.