Current:Home > StocksOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -StockHorizon
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-18 22:24:02
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! (95945)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Las Vegas memorial to mass shooting victims should be complete by 10th anniversary
- 5 dead, including minor, after plane crashes near Wright Brothers memorial in North Carolina
- Pete Rose made history in WWE: How he became a WWE Hall of Famer
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- 8 in 10 menopausal women experience hot flashes. Here's what causes them.
- Movie armorer’s conviction upheld in fatal ‘Rust’ set shooting by Alec Baldwin
- NBA players, coaches, GMs react to Dikembe Mutombo's death: 'He made us who we are.'
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Opinion: Child care costs widened the pay gap. Women in their 30s are taking the hit.
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Showstoppers
- John Deere recalls compact utility tractors, advises owners to stop use immediately
- Pete Rose made history in WWE: How he became a WWE Hall of Famer
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Biden says Olympians represented ‘the very best of America’
- Best tech gadgets for the fall: Gear up for the season with these new gadgets
- Barbra Streisand, Dolly Parton, Martin Scorsese and more stars pay tribute to Kris Kristofferson
Recommendation
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Favre tries to expand his defamation lawsuit against Mississippi auditor over welfare spending
'I hate Las Vegas': Green Day canceled on at least 2 radio stations after trash talk
Why break should be 'opportunity week' for Jim Harbaugh's Chargers to improve passing game
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Dikembe Mutombo, a Hall of Fame player and tireless advocate, dies at 58 from brain cancer
Alleging landlord neglect, Omaha renters form unions to fight back
2024 NBA Media Day: Live updates, highlights and how to watch