After spending the last two seasons as an assistant coach on the New Mexico Aggies coaching staff, Tony Sanchez is taking over as the head coach. Previously the head coach at UNLV, he went 20-40 in his five seasons with the Rebels.
Now that he is back in the leading role, what does Sanchez’s salary, contract, and net worth look like with the Aggies?
Tony Sanchez’s Salary and Contract in 2024
Former New Mexico State head coach Jerry Kill stepped down from his position late in December, leading to the elevation of their WR coach. The program introduced Sanchez in early January. However, his contract terms were not announced until early February, revealing a five-year contract that will earn the Aggies head coach $600,000 in 2024.
For context, that is the same amount as his predecessor. Kill made $600,000 during the successful 2023 campaign, according to Hero Sports.
Colin Deaver reported a breakdown of Sanchez’s salary over the next five years. Here is the full breakdown:
- $600,000 in 2024
- $625,000 in 2025
- $650,000 in 2026
- $675,000 in 2027
- $700,000 in 2028
Incentives were included in Deaver’s report. Here are all the incentives he could receive as part of his contract:
- After the 2024 season, Sanchez will receive 10% of the football season’s ticket revenue
- $10,000 for a win over New Mexico
- $50,000 for winning National Championship
- $20,000 for being nationally ranked at the end of the season by AP or USA Today
- $25,000 for a win over a Power 5 team
- $50,000 for appearing in College Football Playoff
- $20,000 for winning six games or qualifying for a bowl game, $25,000 for seven wins, $30,000 for eight wins, and $35,000 for winning nine or more games
- $10,000 for being named conference coach of the year
- $20,000 for winning national coach of the year
- $5,000 for either a 90 percent single-year NCAA graduation success rate, 985 single-year NCAA academic progress rate, or single-year federal graduation rate 13% higher than the overall student body
The salary and contract afforded the New Mexico State head coach has substantially upgraded his earnings from the $130,000 he made in 2023 as the wide receiver coach in Las Cruces.
Having been a part of a wild ride to the CUSA Championship Game in 2023, Sanchez is acutely aware of the expectations attached to the salary and contract he commands as the new head coach.
“Now there’s a new standard here,” Sanchez told reporters, as per USA Today Sports. “We don’t want to win anymore, we expect to win. That’s going to be our attitude moving forward. We’ve got a great coaching staff, a great core group of players and I know we’ll continue to move this thing forward.”
Tony Sanchez’s Net Worth
As a result of the five-year contract and ascending salary, Sanchez has a net worth of $3.25 million as the New Mexico State head coach. However, that amount doesn’t consider the additional incentives he can accrue if he delivers a similar level of success to what the Aggies achieved in 2023.
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Furthermore, it doesn’t take into account the earnings made from his time in Las Cruces and with UNLV. USA Today had his salary starting at $90,000 in its first year in 2022. His second season with the team last year bumped him up to $130,000. As head coach at UNLV, he made $510,000 to $602,000 between 2015 and 2019.
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