Current:Home > InvestOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Wealth Empowerment Zone
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-18 16:00:45
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! (64132)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Pilot of experimental plane fell out and hit the tail in 2022 crash that killed 2, investigators say
- Jackie Robinson Day 2024: Cardinals' young Black players are continuing a St. Louis legacy
- These states have the highest property taxes. Where does yours fit in? See map.
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- How big is the Masters purse, and how much prize money does the winner get?
- Opioid settlement cash being used for existing programs and salaries, sparking complaints
- How big is the Masters purse, and how much prize money does the winner get?
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- 4 people dead after train crashes into pickup at Idaho railroad crossing, police say
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- FBI opens criminal investigation into Baltimore bridge collapse, AP source says
- Semiautomatic firearm ban passes Colorado’s House, heads to Senate
- NBA playoffs: Who made it? Bracket, seeds, matchups, play-in tournament schedule, TV
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Pittsburgh bridges close after 26 barges break loose, float uncontrolled down Ohio River
- Haven't filed your taxes yet? Here's how to get an extension from the IRS.
- US judge tosses out lawsuits against Libyan commander accused of war crimes
Recommendation
Pressure on a veteran and senator shows what’s next for those who oppose Trump
2024 WNBA mock draft: Caitlin Clark, Cameron Brink at top of draft boards
Europe's new Suzuki Swift hatchback is ludicrously efficient
13-year-old girl shot to death in small Iowa town; 12-year-old boy taken into custody
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Mega Millions winning numbers for April 12, with $125 million jackpot at stake
Another suspect charged in 2023 quadruple homicide in northern Mississippi
Judge refuses to dismiss federal gun case against Hunter Biden