Texas A&M athletic director Trev Alberts will be paid $2.2 million per year through March 31, 2029, according to contract details from multiple reports and first obtained by The Bryan-College Station Eagle via an open records request.
Alberts’ contract is worth $11 million and includes several cumulative performance-based incentives. He would make $100,000 if A&M football makes the College Football Playoff or wins the SEC Championship and $150,000 if the Aggies win the national championship.
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.
Longevity bonuses in Alberts’ contract include a $450,000 incentive if he remains at A&M through March 31, 2027 and an additional $300,000 for being employed through the length of his contract in 2029.
Alberts will also receive a $100,000 allowance for private aircraft usage, a personal vehicle with a $700 monthly allowance, $3,000 each year for Adidas apparel and membership to a country club in Brazos County.
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 as revenue sharing with student-athletes. Athletic departments could find themselves paying as much as $20 million per year to student-athletes if an agreement is accepted.
According to the clause, “The parties acknowledge that pending antitrust litigation, litigation regarding the employment status of student-athletes, state and federal legislation, and potential changes to NCAA and/or SEC rules could dramatically change the financial model for collegiate athletics in a manner that has a material adverse financial impact on the University, thereby creating a serious financial exigency for the University’s Athletic Department.”
The clause states that, “[if] a serious financial exigency has occurred, the parties agree to promptly engage in good-faith negotiations regarding the financial exigency.”
Alberts’ buyout stands at $4 million until April 1, 2026 before dropping to $3 million until April 1, 2027, $2 million until April 1, 2028 and $1 million until Sept. 30, 2029. There is also a stipulation that Alberts’ buyout is cut by 50% if A&M president Mark A. Welsh III leaves his position.
A&M paid the University of Nebraska $4.12 million when Alberts was hired in March from his alma mater, where he served as athletic director.
Find more college sports coverage from The Dallas Morning News here.
Find more Texas A&M coverage from The Dallas Morning News here.