Current:Home > MyOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Global Finance Compass
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-14 08:46:50
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! (371)
prev:A South Texas lawmaker’s 15
next:Small twin
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Celine Dion opens up about stiff person syndrome diagnosis following Grammys appearance
- No, lice won't go away on their own. Here's what treatment works.
- Purdue knows nothing is a given as No. 1 seed. Tennessee and Texas provide intriguing matchup
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Is 'Arthur the King' a true story? The real history behind Mark Wahlberg's stray-dog movie
- Ohio primary will set up a fall election that could flip partisan control of the state supreme court
- Luck of Irish not needed to save some green on St. Patrick's Day food and drink deals
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Connecticut back at No. 1 in last USA TODAY Sports men's basketball before the NCAA Tournament
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- Biden faces Irish backlash over Israel-Hamas war ahead of St. Patrick's Day event with Ireland's leader
- North Carolina grabs No. 1 seed, rest of NCAA Tournament spots decided in final Bracketology
- 7th Heaven Stars Have a Heartwarming Cast Reunion at '90s Con
- Sam Taylor
- 'SNL' cast member Marcello Hernandez's essentials include an iPad, FIFA and whisky
- Riley Strain disappearance timeline: What we know about the missing college student
- Biden faces Irish backlash over Israel-Hamas war ahead of St. Patrick's Day event with Ireland's leader
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
Suspect in fatal shooting of New Mexico State police officer captured
North West Gives First On-Camera Interview After Announcing First Album
Ohio primary will set up a fall election that could flip partisan control of the state supreme court
Don't let hackers fool you with a 'scam
New study finds no brain injuries among ‘Havana syndrome’ patients
To Stop the Mountain Valley Pipeline, a Young Activist Spends 36 Hours Inside it
North Carolina grabs No. 1 seed, rest of NCAA Tournament spots decided in final Bracketology