Aggies restructure coach Theus’ contract
Las Cruces, NM (Sports Network) – New Mexico State University announced on
Thursday that it has restructured the contract of head coach Reggie Theus,
making him one of the highest paid coaches in the Western Athletic Conference.
The contract is worth $466,000 per season and includes bonus opportunities.
The deal provides a continuation of the five-year roll over term and a buyout
clause of two times Theus’ base salary if he leaves for another position in
the next two years.
“From President (Michael) Martin to the Board of Regents to our community, we
are all proud of the job that coach Theus has done with the men’s basketball
program and we believe that the long-term future of Aggie basketball is in
good hands,” athletics director Dr. McKinley Boston said. “The road map for
success is there, the quality of the student-athletes is there and with the
recruits we have coming in, it will position us to be competitive for a long
The Aggies have a 41-25 record in two seasons under Theus, making him the
second fastest coach in program history to 40 wins. New Mexico posted 25 wins
this past season — 19 more than the team had the year before Theus arrived —
and made its first appearance in the NCAA Tournament since 1999.