Mike Elko is a professional football coach. He is estimated to have a net worth of $10-$15 million in 2023. Elko made the most of his earnings through his coaching career at several colleges. His recent massive deal at Texas A&M will undoubtedly increase his value in the coming years. His other two big contracts were with Duke University and Texas A&M (during his first stay).
Michael Elko, also known as Mike Elko, was born on July 28, 1977, in South Brunswick, New Jersey, United States. Elko graduated from South Brunswick High School in 1995. He was the quarterback for his school’s football team. Later in his career, he was a safety at the University of Pennsylvania. After his undergraduate studies, he began working as a graduate assistant at Stony Brook University. Elko returned to his alma mater as the defensive backs coach in 2000. Likewise, he has held positions as defensive coordinator, linebacker, defensive back, and assistant head coach at several universities. After his initial stint as defensive coordinator at Texas A&M, he will take over as head coach at Duke for the first time in 2022. Elko returns to Texas A&M as head coach for the 2024 season on November 27, 2023.
Mike Elko’s Salary and Contract
The American football coach is said to have a net worth between $10 and $15 million. Elko began his coaching career as a graduate assistant at Stony Brook and quickly rose to head coach. His early coaching careers at Merchant Marine, Fordham, Richmond, Hofstra, Bowling Green and Wake Forest are shrouded in mystery. No information is available regarding his contract with this organization. Mike signed with the Notre Dame Fighting Irish in 2017 and was allegedly paid $1,486,376 in total, including a one-time payment of $494,666. He left Notre Dame after just one year to become the defensive coordinator for the Texas A&M Aggies. Elko was compensated $178,644 after leaving the Fighting Irish squad.
Elko reportedly has a three-year contract with the Aggies that pays him an average of $1.8 million annually. Likewise, Duke hired Mike as head coach and paid him $3.5 million a year. Now, the 2022 ACC Coach of the Year has returned to Texas A&M for a second stint, reportedly signing a six-year, $42 million contract.
His Texas A&M Contract Breakdown
Mike Elko took over as head coach after the Aggies fired Jimbo Fisher in November 2023. Elko’s deal is for six years and $42 million, with annual compensation of $7 million. Purchase terms are based on a flat rate percentage, with 75% purchase for Years 1-3 and 80% purchase for Years 4-6. The agreement includes an $11,000,000 compensation pool for employees. Elko will also receive $100,000 for each appearance in the SEC Championship Game. Texas A&M has provided playoff incentives, each of which would result in an automatic one-year contract extension for Elko.
These incentives include a $1 million bonus for making the College Football Playoff (CFP), a $1.5 million bonus for reaching the CFP Quarterfinals, or an SEC title. Likewise, $2 million for reaching the CFP Semifinals, $2.5 million for reaching the CFP National Championship Game and $3.5 million for winning the CFP National Championship.
Categories: Biography
Source: SCHOOL TRANG DAI
