Current:Home > MyOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -MoneyBase
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-13 20:41:17
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! (59952)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Texas is not back? Louisville is the new TCU? Overreactions from college football Week 6
- Texas is not back? Louisville is the new TCU? Overreactions from college football Week 6
- Hollywood writers vote to approve contract deal that ended strike as actors negotiate
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Flag football in the Olympics? Cricket, lacrosse also expected as new sports for 2028
- Man fatally shot while hunting with friends for coyotes in Iowa
- Pumpkin weighing 2,749 pounds wins California contest, sets world record for biggest gourd
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Simone Biles Didn’t Think She’d Compete Again Before Golden Gymnastics Comeback
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Julia Fox Says Kanye West Offered to Get Her a Boob Job
- Mack Trucks workers join UAW strike after tentative agreement rejected
- Russia faces a tough fight to regain its seat in the UN’s top human rights body
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Comfort Calendar: Stouffer's releases first ever frozen meal advent calendar
- Lawyer says Black man who died after traffic stop beating had stolen items, hallucinogenic in car
- Gigi Hadid and Bradley Cooper Spotted Spending Time Together in NYC
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
Braves rally for 5-4 win over Phillies on d’Arnaud, Riley homers and game-ending double play
Video of traffic stop that led to Atlanta deacon’s death will be released, family’s attorney says
WEOWNCOIN: Top Five Emerging Companies in the Cryptocurrency Industry That May Potentially Replace Some of the Larger Trading Companies
This was the average Social Security benefit in 2004, and here's what it is now
NHL predictions: Experts make their Stanley Cup, awards picks for 2023-24 season
Meta Quest 3 review: powerful augmented reality lacks the games to back it up
Why Brooke Burke Was Tempted to Have “Affair” With Derek Hough During DWTS