Current:Home > MarketsOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Wealth Momentum Network
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-17 14:00:15
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! (31688)
Related
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Recreational marijuana is now legal in Minnesota but the state is still working out retail sales
- Bebe Rexha Confirms Breakup From Keyan Sayfari After Sharing Weight Gain Text
- Impact of Hollywood strikes being felt across the pond
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Overstock bought Bed, Bath, & Beyond. What's next for shoppers? CEO weighs in on rebrand
- Timeline: Special counsel's probe into Trump's efforts to overturn 2020 election
- Beijing's worst flooding in a decade kills at least 2 as China grapples with remnants of Typhoon Doksuri
- US appeals court rejects Nasdaq’s diversity rules for company boards
- An economic argument for heat safety regulation (Encore)
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- What’s an SUV? The confusion won't end any time soon.
- GM recalls nearly 900 vehicles with Takata air bag inflators, blames manufacturing problem
- Judi Dench says she can no longer see on film sets due to macular degeneration eye condition
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- China accuses U.S. of turning Taiwan into powder keg after White House announces new military aid package
- As regional bloc threatens intervention in Niger, neighboring juntas vow mutual defense
- Suzanne Somers reveals breast cancer has returned: 'I continue to bat it back'
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Maine’s biggest newspaper group is now a nonprofit under the National Trust for Local News
Bette Midler, David Hasselhoff, more stars remember Paul Reubens: 'We loved you right back'
Voting rights groups urge court to reject Alabama's new congressional map
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Lori Vallow Sentenced to Life in Prison Without Parole in Murders of Her Kids, Chad Daybell’s First Wife
A teacher was caught on video abusing students. Her district is settling for over $11 million
Josh Stein’s gubernatorial campaign says it lost $50,000 through scam that targeted vendor