Current:Home > InvestOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -WealthRise Academy
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-16 08:23:09
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! (6371)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Mama June Shannon Shares Heartbreaking Message on Late Daughter Anna Cardwell’s Birthday
- Off the Grid: Sally breaks down USA TODAY's daily crossword, Water Signs (Freestyle)
- Joey Chestnut vs. Kobayashi rules spark talk of cheating before hot dog eating contest
- North Carolina justices rule for restaurants in COVID
- Flint Gap Fire burns inside Great Smoky Mountains National Park; 10 acres burned so far
- Prosecutors in Arizona’s fake electors case dispute defendants’ allegations of a political motive
- Christina Hall appears to be removing ring finger tattoo amid Josh Hall divorce
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Score Big at Abercrombie & Fitch’s 2024 Labor Day Sale: 20% Off NFL Drop & Up to 82% Off More Bestsellers
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Video shows 37 passengers evacuate from New York City ferry after fire breaks out
- What will Bronny James call LeBron on the basketball court? It's not going to be 'Dad'
- Tropical systems Gilma and Hector have weakened but still pose threat to Hawaii
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- A second elephant calf in 2 weeks is born at a California zoo
- Why 'Reagan' star Dennis Quaid is nostalgic for 'liberal Republicans'
- Karolina Muchova sends former champion Naomi Osaka packing in second round of US Open
Recommendation
All That You Wanted to Know About She’s All That
Brandon Aiyuk agrees to new deal with the 49ers to end contract ‘hold in,’ AP source says
As Lego goes green, costs will rise but customer prices won't, company says. Here's why.
Falcons trading backup QB Taylor Heinicke to Chargers
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Botched college financial aid form snarls enrollment plans for students
Former NYPD officer sentenced to 27 years for shooting her ex-girlfriend and the ex’s new partner
Nordstrom Rack Clear the Rack Sale: $9 Heels, $11 Shorts + Up to 94% Off Marc Jacobs, Draper James & More