Mike Elko seems set to remain at College Station for the foreseeable future.

According to Ross Dellenger of Yahoo Sports, Elko and Texas A&M are nearing an agreement on a lucrative six-year contract extension, which will pay him over $11 million each year.

This new arrangement is poised to elevate him into the ranks of the top 10 highest-earning coaches in college football.

Previously, Elko’s contract was performance-based, providing him with an annual salary of $7 million, placing him 32nd nationally, as reported by Dellenger.

By securing this extension, Texas A&M ensures Elko’s continued leadership, even as numerous prominent head coach positions open up across the sport.

Powerhouse programs like Penn State, Florida, LSU and Auburn, among others, are still looking for their next head coach, setting up what should be a wild coaching carousel.  

Earlier Saturday, news emerged that former Penn State coach James Franklin is in early talks to become Virginia Tech’s coach.

The Aggies are enjoying an excellent season under Elko. 

Heading into Saturday’s matchup against South Carolina, Texas A&M is sitting at 9-0 as the No. 3 team in the country with big wins over Notre Dame, LSU and Missouri. 

It’s the first time the Aggies have been ranked in the top three since 1995. 

They are one win away from their first 10-win season since 2012 and just their second since 2000. 

Elko is in his second season in College Station after leading the Aggies to an 8-5 record in 2024. 

He was hired by Texas A&M after going 16-9 in two seasons as Duke’s head coach.

Elko had previously served as the Aggies’ defensive coordinator from 2018-21 under head coach Jimbo Fisher before taking the job at Duke.