Current:Home > FinanceOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -WealthSync Hub
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-17 22:27:40
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! (9978)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Navy fighter pilots, sailors return home after months countering intense Houthi attacks
- Republican National Convention in Milwaukee has law enforcement on heightened awareness
- Texas Gov. Greg Abbott demands answers as customers remain without power after Beryl
- Nevada attorney general revives 2020 fake electors case
- Richard Simmons, fitness guru, dies at age 76
- All-Star Jalen Brunson takes less money with new contract to bolster New York Knicks
- 'Dr. Ruth' was more than a sex therapist: How her impact spans generations
- Average rate on 30
- Map shows states where COVID levels are high or very high as summer wave spreads
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Books similar to 'Fourth Wing': What to read if you loved the dragon-filled romantasy
- Ryan Blaney holds off Denny Hamlin to win NASCAR Pocono race: Results, highlights
- How Kathy Bates' gender-flipped 'Matlock' is legal 'mastermind'
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Chuck Lorre vows 'Georgie & Mandy's First Marriage' success, even if TV marriage is doomed
- Apple app store consumer class action set for February 2026 jury trial
- Fitness Icon Richard Simmons Dead at 76
Recommendation
All That You Wanted to Know About She’s All That
Benches clear as tensions in reawakened Yankees-Orioles rivalry boil over
Trump rally attendees react to shooting: I thought it was firecrackers
Minnesota Republican Tayler Rahm drops out to clear path for Joe Teirab in competitive US House race
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Car runs off the road and into thermal geyser at Yellowstone National Park
Delta apologizes after reacting to post calling employees' Palestinian flag pins Hamas badges
SUV carrying 5 people lands in hot, acidic geyser at Yellowstone National Park