Current:Home > StocksWant to coach your alma mater in women's college basketball? That'll be $10 million -Streamline Finance
Want to coach your alma mater in women's college basketball? That'll be $10 million
View
Date:2025-04-12 20:30:05
Coaching contracts can have all sorts of weird, or creative, clauses. Consider Dabo Swinney's Clemson contract.
Like most football coaches, Swinney has a significant buyout ($5 million) should he leave for another school. But that buyout gets $2.5 million bigger if he leaves for Alabama, his alma mater. If Swinney had gone to Tuscaloosa in January after legendary coach Nick Saban announced his retirement, it would have cost him $7.5 million.
So while it’s common for major football and men’s basketball coaches’ contracts to have substantial buyouts — Texas A&M paying Jimbo Fisher a staggering $75 million to leave last fall is another example — that’s usually not the case with women’s coaches' contracts.
It's why the buyout portion of Teri Moren’s Indiana contract is particularly unusual.
If Moren resigned April 1, 2024, she would owe just $550,000, even though her contract, which pays her $1.25 million annually and makes her the eighth-highest paid women's coach this season, runs through March 2029.
WOMEN'S BRACKET MADNESS: Enter USA TODAY's women's tournament bracket contest for a chance at $1 million prize.
But it’s a different story if she leaves to coach at Purdue, her alma mater and a Big Ten rival just 115 miles northwest of Bloomington.
In that case, Moren must pay Indiana a whopping $10 million. Seriously.
“When (former athletics director) Fred Glass hired me (in 2014), he put an obnoxious amount of money in my contract for me to not be able to leave for Purdue,” she said, laughing. “I had no idea that kind of stuff could exist. I thought it was funny when he said it and then I saw my contract and was like, ‘Holy cow, that’s in writing!’ ”
It's likely the only time Moren has felt on equal footing with men's coaches — at least in salary.
Email Lindsay Schnell at lschnell@usatoday.com or follow her on social media @Lindsay_Schnell
veryGood! (7968)
Related
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- TikTok star now charged with murder in therapists' death: 'A violent physical altercation'
- Professional Climber Michael Gardner Dead at 32 in Nepal
- 16-year-old bicyclist struck, driven 4 miles while trapped on car's roof: Police
- Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
- Dogs fatally attack a man behind a building in New York
- Marriott agrees to pay $52 million, beef up data security to resolve probes over data breaches
- Dogs fatally attack a man behind a building in New York
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Is this the era of narcissism? Watch out for these red flags while dating.
Ranking
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
- NFL Week 6 picks straight up and against spread: Will Jets or Bills land in first place Monday?
- Hawaii’s prison system confronts ‘a huge mental health crisis’
- Here’s what has made Hurricane Milton so fierce and unusual
- Boy who wandered away from his 5th birthday party found dead in canal, police say
- Dodgers vs. Padres live score updates: San Diego can end NLDS, Game 4 time, channel
- Jayden Daniels brushes off Lamar Jackson comparisons: 'We're two different players'
- Nicky Hilton Rothschild Shares Secret to Decade-Long Marriage With Husband James Rothschild
Recommendation
What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
'Do not do this': Dog tied to fence as Hurricane Milton advances highlights pet danger
Florida power outage map: 3 million Floridians without power following Hurricane Milton
When will Christian McCaffrey play? Latest injury updates on 49ers RB
US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
CBS' handling of contentious 'Mornings' segment with Ta-Nehisi Coates raises new questions
Inflation slowed again, new CPI report shows: Will the Fed keep cutting rates?
When will Aaron Jones return? Latest injury updates on Vikings RB