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Krebs, UNM agree on new four-year contract

Paul Krebs will continue running Lobo athletics through the 2018-19 academic year.

The University of New Mexico and Krebs, who is the longest-tenured athletic director in the Mountain West Conference entering his 10th season, have agreed to a new four-year contract.

The contract was signed “within the last 10 days,” said Krebs, who had not planned to announce the new deal until asked about it Wednesday by the Journal. On Wednesday, the start of a new fiscal year, Krebs was entering the final year of what was an eight-year contract.

“Entering my 10th year, and it’s amazing on a lot of levels,” Krebs said. “There are times when it seems like it’s been 15, and times when it seems like my wife and I and our family just got here. I love the state and I love living here.”

The financial terms of the contract – a base salary of $319,261.80 plus other benefits and compensation such as retirement and up to $70,000 in performance bonuses based on the success of the school’s high-profile sports – have not changed.

“Paul has demonstrated sustained success in developing UNM’s athletic programs, including our Olympic sports,” UNM President Robert G. Frank told the Journal . “I also admire his commitment to the academic performance of our Lobo student athletes, which have hit record high GPAs under his watch. He is a true partner of our academic enterprise at UNM.”

Krebs noted that in the past four years, UNM has won an unprecedented 36 championships and reached graduation success rates never before seen at the university. The university is also positioned well in terms of facilities and is at or near the top in coaches salaries relative to the Mountain West.

But the fiscal climate of college athletics has remained a challenge to Krebs and UNM, where the athletics department budget has been balanced just once in the previous eight years. Both he and Frank have told the Journal balancing the athletic budget is a must.

“When you look at success academically, you look at success competitively, you look at what our young men and women do in the community,” Krebs said, “I feel like the athletic department has never been positioned better than it is, but we have challenges.”