Details of Mike Elko‘s new contract with Texas A&M emerged on Monday evening.
Multiple media outlets published details of Elko’s new deal after Texas A&M fulfilled open records requests on Monday. Per reporting from GigEm247’s Carter Karels, Elko’s contract extension is for 6 years and is worth $69 million.
That annual salary puts Elko among the highest-paid coaches in all of college football.
BREAKING: Mike Elko signed a new six-year, $69 million deal, per the contract he finalized last month that @GigEm247 obtained via an open records request. It includes up to $1.8 million in annual incentives for Elko, assistant coach incentives and a support staff bonus pool.
— Carter Karels (@CarterKarels) February 17, 2026According to documents reviewed by the Houston Chronicle’s Brian Davis, Elko’s new agreement with Texas A&M will pay him a base salary of $10.75 million in 2026. That salary rises to $12.25 million in the 6th and final year of the agreement.
Additionally, Elko will automatically earn a 1-year extension for a 9-win season or College Football Playoff appearance.
Texas A&M coach Mike Elko's new contract pays him a $10.75-million base and rises to $12.250 million in 6 years. It also features an auto 1-year add-on for a 9-win season or CFP appearance. Obtained via open records. pic.twitter.com/dc2iS5hJjJ
— Brian Davis (@byBDavis) February 16, 2026Per Travis Brown, Elko’s contract also includes a clause that guarantees NIL investment that is “comparable” with SEC program that made the CFP in the prior season. Meetings about NIL budget are also scheduled to take place on June 1 and December 1 each calendar year, per the contract:
Another bit of interesting housekeeping in Mike Elko's new contract on NIL: "On a semi-annual basis, Coach and University shall meet and agree on the dollar amount of direct name, image, and likeness and revenue sharing institutional payment ("NIL Institutional Payment") from… t.co/Cl2W4sW0AC
— ?????? ?. ????? (@Travis_L_Brown) February 17, 2026Elko is set to enter his third season with the program in 2026. He’s led Texas A&M to a 19-7 overall record, including an 11-0 start to the 2025 campaign.
Prediction Markets 2026 College Basketball Champion? Kalshi Michigan 17.0% Arizona 14.0% Duke 12.0% Houston 9.0% Florida 8.0% UConn 7.0% Illinois 6.0% Iowa St. 5.0% Kansas 4.0% Purdue 4.0% Predict Learn more about Prediction MarketsMike Elko contract extension: Salary, other details reported Saturday Down South.
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