Carter announces new contract for Trev Alberts
Nov. 14, 2023, 2 p.m. ·
Athletic Director Trev Alberts has received a new contract that will keep him at Nebraska through at least 2031.
NU President Ted Carter, a press release on Tuesday, pointed to a number of major achievements in Husker Athletics since Alberts took the helm in 2021, including the historic Volleyball Day in Nebraska that broke the world record for attendance at a women’s sporting event, the hiring of head football coach Matt Rhule, and a new 15-year, $300 million multimedia rights agreement with Playfly Sports that is one of the most comprehensive in the country.
“Today’s college athletics landscape is complex and ever-changing,” Carter said. “We need exactly the right person leading Husker Athletics forward. In Trev Alberts, we have found that leader.
“Trev is a lifelong Husker and a Nebraskan in every sense – hardworking, accountable and a man of his word. He makes every decision with our fans and student-athletes at the forefront. There is no one I would trust more to lead athletics at the University of Nebraska than Trev Alberts. I have no doubt that someone of Trev’s caliber and character would be an attractive candidate anywhere, but I am thrilled to tell Husker Nation that Trev is here to stay.”
Alberts said: “My family and I are humbled by the confidence that President Carter and the Board of Regents have placed in me. It is an incredible honor and privilege to serve as the Director of Athletics at Nebraska and it is a role I don’t take for granted. Our student-athletes, coaches and staff have accomplished so much in the past two years. We have great momentum in Husker Athletics and we are excited for what is ahead. Go Big Red!”
The restructured contract is as follows:
An annual base salary of $1.7 million, increasing to $2.1 million in 2026.
Retention incentives, including an existing contractual $500,000 retention bonus if Alberts stays through September 2025, with an annual $300,000 retention bonus for every year he stays thereafter.
A $3 million completion bonus if he completes the entire eight-year agreement.
Liquidation damage buyouts that will be paid to the university if Alberts were to leave for another opportunity.
Alberts’ new contract, like his existing one, will be funded entirely with Athletic Department funds. No taxpayer or tuition dollars will be used. Nebraska’s is one of few athletic departments in the country to operate without a university subsidy.
Board of Regents Chairman Tim Clare of Lincoln applauded the new contract, saying: “Trev Alberts has spent the past two years rebuilding a culture of excellence and accountability at Nebraska Athletics. That’s why I’m so excited about this new contract. This ensures that Trev will be here for the long term, instilling excellence and accountability across the entire Athletic Department.