Current:Home > StocksOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Streamline Finance
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-14 07:08:08
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! (3758)
Related
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- This couple’s divided on politics, but glued together by love
- Caitlin Clark wins WNBA Rookie of the Year after historic debut with Fever
- Pregnant Brittany Mahomes Shows Off Her Workout Routine
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- 'The coroner had to pull them apart': Grandparents killed in Hurricane Helene found hugging in bed
- Tesla recalls over 27,000 Cybertrucks for rearview camera issue that could increase crash risk
- ‘Beyond cruel’: Newsom retaliates against this LA suburb for its ban on homeless shelters
- US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas
- Texas man sought in wounding of small town’s police chief
Ranking
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- There are 19 college football unbeatens. Predicting when each team will lose for first time
- Karen Read seeks delay in wrongful death lawsuit until her trial on murder and other charges is done
- Blac Chyna Reassures Daughter Dream, 7, About Her Appearance in Heartwarming Video
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- Black man details alleged beating at the hands of a white supremacist group in Boston
- Karen Read seeks delay in wrongful death lawsuit until her trial on murder and other charges is done
- As search for Helene’s victims drags into second week, sheriff says rescuers ‘will not rest’
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Nevada politician guilty of using $70,000 meant for statue of slain officer for personal costs
Wisconsin Department of Justice investigating mayor’s removal of ballot drop box
Man pleads not guilty to killing 3 family members in Vermont
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Port strike may not affect gas, unless its prolonged: See latest average prices by state
Uncover the Best Lululemon Finds: $49 Lululemon Align Leggings Instead of $98, $29 Belt Bags & More
Kim Kardashian Defends Lyle Menendez and Erik Menendez From Monsters Label, Calls for Prison Release