The former Nebraska AD will earn $11 million over five years, with performance-based incentives.
FILE -FILE - Nebraska athletic director Trev Alberts gives an update on Memorial Stadium renovations Thursday, Sept. 28, 2023, in Lincoln, Neb. Texas A&M is close to hiring Nebraska's Trev Alberts as its next athletic director, a person with direct knowledge of the negotiations told The Associated Press on Wednesday., March 13, 2024. Texas A&M athletic director Trev Alberts will be paid $2.
In men’s and women’s basketball, Alberts is set to earn $50,000 if A&M wins the SEC regular season or tournament or makes the Final Four. He would be paid $100,000 if the Aggies win the national championship.For the Aggies’ other programs, Alberts would make $10,000 if A&M wins a conference regular season or championship, $40,000 for a national title and $100,000 if the Aggies win three SEC championships in the same year.
Contracts for Alberts and A&M football coach Mike Elko each include clauses that cover potential changes to the prevailing financial model of college athletics, such asAthletic departments could find themselves paying as much as $20 million per year to student-athletes if an agreement is accepted. The clause states that, “ a serious financial exigency has occurred, the parties agree to promptly engage in good-faith negotiations regarding the financial exigency.”
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