Times are changing in college athletics, and contracts for Texas A&M athletic director Trev Alberts, head football coach Mike Elko and the Aggies' 10 assistant football coaches have a clause that account for the "potential changes to the financial model for collegiate athletics." The clause states, "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 goes on to say that if "a serious financial exigency has occurred, the parties agree to promptly engage in good-faith negotiations regarding the financial exigency" and an appropriate adjustment in compensation for both base salary and incentives were listed in the contract.
Those 12 contracts were obtained by The Eagle via an open records request. In late July, Yahoo! Sports reported the NCAA and power conferences had filed paperwork for a settlement agreement that would allow for a new revenue-sharing model where athletic departments could directly pay college athletes starting in 2025. The settlement sought to resolve three class-action antitrust lawsuits – House v.
NCAA, Hubbard v. NCAA and Carter v. NCAA.
Yahoo! Sports reported the se.