Mike Elko Net Worth: What’s His Worth? Explore His Contract & Salary

Mike Elko is a professional soccer coach. He is estimated to have a net worth of $10 to $15 million as of 2023. Elko has made the most of his income through a coaching career at several colleges. His latest big contract with Texas A&M will certainly increase his value in the coming years. His two other big contracts were with Duke University and Texas A&M (in his first stay).

Michael Elko, also known as Mike Elko, was born on July 28, 1977 in South Brunswick, New Jersey, USA. 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 officer at the University of Pennsylvania. After college, 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 the positions of defensive coordinator, linebackers, defensive backs and assistants. assistant head coach at several universities. After his first tenure 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 coach captain 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 of between $10 and $15 million. Elko began his coaching career as a graduate assistant at Stony Brook and quickly became the head coach. His early coaching career at Merchant Marine, Fordham, Richmond, Hofstra, Bowling Green and Wake Forest remains a mystery. There is no information about his contract with these organizations. Mike signed with the Notre Dame Fighting Irish in 2017 and was reportedly paid a total of $1,486,376, 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.

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Mike Elko

Elko allegedly had a three-year contract with the Aggies that paid him an average of $1.8 million per year. Likewise, Duke hired Mike as head coach and paid him $3.5 million per 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.

Analysis of his Texas A&M contract

Mike Elko took over as head coach after the Aggies fired Jimbo Fisher in November 2023. Elko’s contract is for 6 years and is worth a total of $42 million, with annual compensation of 7 millions of dollars. Buyback terms are based on fixed percentages, with a 75% buyback for Years 1-3 and an 80% buyback for Years 4-6. The agreement includes $11,000,000 in employee compensation. Elko will also receive $100,000 for each SEC Championship Game appearance. Texas A&M offered playoff incentives, each of which would result in Elko’s automatic one-year contract extension.

Mike Elko

These incentives include a $1 million bonus for reaching the College Football Playoff (CFP), a $1.5 million bonus for reaching the CFP Final Four or an SEC title. Likewise, $2 million to reach the CFP Semifinals, $2.5 million to reach the CFP National Championship, and $3.5 million to win the CFP National Championship.

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