Current:Home > reviewsOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Stellar Financial Insights
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-11 18:38:19
The Oregon and Indiana football teams reached 10 wins for the season Saturday, and their head coaches are going to be rewarded handsomely.
The Ducks’ Dan Lanning achieved a goal in his agreement with the school that gives him an automatic one-year contract extension if the team wins at least 10 regular season games. The added year is currently scheduled to be worth $9.4 million — all guaranteed.
The Hoosiers’ Curt Cignetti added a $250,000 bonus, as his team became assured of hitting one of the more incentive targets in a Bowl Subdivision contract: finishing the regular season among the top six in the 18-team Big Ten Conference.
Indiana’s minimum final position in the standings was cemented before it took the field for its late-afternoon game against Michigan. On Friday night, Iowa lost to UCLA. And in an early game Saturday, Minnesota lost to Rutgers. That left 14 Big Ten teams with at least three conference losses — the number that Indiana would have had if it lost its three remaining games, beginning with its matchup against the Wolverines.
But even that worst-case scenario became moot when the Hoosiers defeated Michigan, 20-15, to clinch their first 10-win season in program history. Now, they can finish Big Ten play no worse than fourth place, outright.
UP AND DOWN: Georgia's loss leads Week 11 winners and losers
BIG TEN DEBUT:Celebrate the Ducks' season with a commemorative book
Cignetti now has $600,000 in bonuses, to go with the automatic one-year contract extension and $250,000 raise, beginning next season, that he got when Indiana became eligible for a bowl game with its sixth win. At present, the added season is scheduled to be worth $5.1 million with at least $3.3 million guaranteed.
If the Hoosiers keep winning, he could pick up another $2.7 million in bonuses. The next step would be $250,000 more if the team finishes second in the Big Ten.
Lanning’s incentive-clinching was more straightforward.
This is the second consecutive season in which he has added a year to his contract, which calls for a $200,000 pay increase annually. Under the agreement, he can get this automatic extension three times.
He and Oregon are now set to be together through Jan. 31, 2031. If the school fired him without cause, it would owe him all of the pay remaining under the deal (currently about $55 million). If Lanning decides to terminate the agreement between now and the scheduled expiration date, he would owe the school $20 million.
Lanning would get a $250,000 bonus if the Ducks reach 11 regular-season wins and $250,000 more if they reach 12. He has additional amounts available for playing in, and winning, the Big Ten championship game and/or the College Football Playoff. He also can get a bonus based on team academics.
veryGood! (3987)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Cavaliers rally past Magic for first playoff series win since 2018 with LeBron James
- Brian Austin Green’s Ex Vanessa Marcil Slams “Stupid” Criticism Aimed at Megan Fox
- Utah police officer killed in suspected highway hit-and-run, authorities say
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Florida bans lab-grown meat as other states weigh it: What's their beef with cultured meat?
- Millions of people across Oklahoma, southern Kansas at risk of tornadoes and severe thunderstorms
- Turkey halts all trade with Israel as war with Hamas in Gaza claims more civilian lives
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- They shared a name — but not a future. How two kids fought to escape poverty in Baltimore
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- NCAA lacrosse tournament bracket, schedule, preview: Notre Dame leads favorites
- After AP investigation, family of missing students enrolls in school
- Fallen US Marshal is memorialized by Attorney General Garland, family and others
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Horoscopes Today, May 5, 2024
- Kate Beckinsale Responds to Plastic Surgery Accusations While Slamming Insidious Bullying
- Incredibly rare ancient purple dye that was once worth more than gold found in U.K.
Recommendation
'We're reborn!' Gazans express joy at returning home to north
California reports the first increase in groundwater supplies in 4 years
At least one child killed as flooding hits Texas
Madonna attracts 1.6M fans for free concert in Brazil to wrap up her Celebration tour
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
'Monster' Billy Crystal looks back on life's fastballs, curveballs and Joe DiMaggio
Tom Brady roast on Netflix: 12 best burns* of NFL legend, Bill Belichick and Patriots
These Foods Are Always Banned From the Met Gala Menu, According to Anna Wintour