Mike Elko is a football coach in the NFL. As of 2023, his net worth is predicted to be between $10 and $15 million. Elko made the most of his money by coaching at multiple institutions
His recent huge deal at Texas A&M will increase his worth in the coming years. His other two significant contracts were with Duke University and Texas A&M (during his first visit). Michael Elko, also known as Mike Elko, was born in South Brunswick, New Jersey, USA on July 28, 1977. In 1995, Elko graduated from South Brunswick High School.
He was the quarterback for his high school’s football team. Mike Elko later worked as a safety at the University of Pennsylvania. He began working as a graduate assistant at Stony Brook University after finishing his undergraduate studies. In 2000, Elko returned to his alma mater as a defensive back coach.
He has also worked as a defensive coordinator, linebacker, defensive back, and assistant head coach at various universities. After serving as a defensive coordinator at Texas A&M, he will take over as Duke’s head coach for the first time in 2022. On November 27, 2023, Elko returned to Texas A&M as head coach for the 2024 season.
Mike Elko’s Salary and Contract
The net worth of the American football coach is estimated to be between $10 and $15 million. Elko began his coaching career at Stony Brook as a graduate assistant and swiftly advanced to become the head coach. His early coaching career is shrouded in mystery, with stops at Merchant Marine, Fordham, Richmond, Hofstra, Bowling Green, and Wake Forest.
His contracts with these companies are not public knowledge. Mike signed with the Notre Dame Fighting Irish in 2017 and allegedly received $1,486,376 in total compensation, including a $494,666 one-time payment. He departed Notre Dame after only one year to become the Texas A&M Aggies’ defensive coordinator. Elko was paid $178,644 after departing the Fighting Irish.
Elko purportedly had a three-year contract with the Aggies that paid him $1.8 million per year on average. Similarly, Mike was appointed as head coach at Duke and was paid $3.5 million per year. Now, the 2022 ACC Coach of the Year has reportedly signed a six-year, $42 million contract extension with Texas A&M.
Breakdown of His Texas A&M Contract
Mike Elko took over as head coach after Jimbo Fisher was fired in November 2023. Elko’s contract is for six years and totals $42 million, including a yearly salary of $7 million. The buyout conditions are flat-rate percentage-based, with a 75% buyout for years one through three and an 80% buyout for years four through six.
The deal contains a pay pool of $11,000,000 for employees. Elko will also receive $100,000 for each SEC Championship Game appearance. Texas A&M has set up postseason incentives for Elko, with each one resulting in an automatic one-year contract extension.
A $1 million prize for making the College Football Playoff (CFP), a $1.5 million bonus for reaching the CFP Quarterfinals, or an SEC title are among the incentives. Similarly, reaching the CFP Semifinals earns $2 million, reaching the CFP National Championship Game earns $2.5 million, and winning the CFP National Championship earns $3.5 million.
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