Contract Details Released for Agreement Between Texas A&M Football and Mike Elko
Following a highly-publicized massive buyout of the last Texas A&M football coach, the details of the next Aggie coach’s contract were always going to be a huge storyline. Now that the Aggies have their top man in Mike Elko, one of the biggest questions on every A&M fan’s mind was how exactly the contract would look. It had been reported that the next contract would rely heavily on incentives, and the appearance here is that that is indeed the case.
The base salary is at $7 million even. It’s a six year base contract, and is indeed laden with incentives. It’s 1 million to make the CFP, 1.5 million to advance the quarterfinals and/or win the SEC, 2 million to advance to the CFP semifinals, 2.5 to get to the championship game, and 3.5 million to win the national championship. Additionally, it’s 100K to just appear in the SEC championship. With that in mind, if Elko takes Texas A&M football to the SEC and national championship, finally taking a trophy home, he will earn $17.6 million for that year. How much of that he has earmarked for site experts faithfully covering the team from the blogosphere has yet to be reported—but hopes among certain of those experts remain high.
(Update: the bonuses are not cumulative. My disappointment is immense and my day is ruined.)
The most remarkable part of the contract is the extremely high salary pool for assistants. This has already caught the eye of many on Twitter, and it is very notable. The Aggies are really setting Elko up for success with those terms, with possibly the largest salary pool for assistants in the country. More to come as Texas A&M football continues to introduce their 30th head coach.