Current:Home > ContactOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Keystone Wealth Vision
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
Chainkeen Exchange View
Date:2025-04-09 20:59:49
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! (6579)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Zoo Pals plates are back after nearly a decade and they already sold out on Amazon
- Is sea salt good for you? Why you want to watch your sodium intake.
- Planning a long-haul flight? Here's how to outsmart jet lag
- 2025 'Doomsday Clock': This is how close we are to self
- Britney Spears says in an Instagram video that she is 'shocked' about Sam Asghari filing for divorce
- Jack Antonoff Marries Margaret Qualley With Taylor Swift and Other Stars in Attendance
- Americans face more sticker shock at the pump as gas prices hit 10-month high. Here's why
- North Carolina justices rule for restaurants in COVID
- 2023 World Cup awards: Spain's Bonmati wins Golden Ball, Japan's Miyazawa wins Golden Boot
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Maryland reports state’s first case of locally acquired malaria strain in over 40 years
- Blue light blocking glasses may not actually help with eye strain or sleep quality, researchers find
- Dwayne Haskins' widow settles with driver and owners of dump truck that hit and killed him
- Military service academies see drop in reported sexual assaults after alarming surge
- The University of New Orleans picks 5 semifinalists in their search for a president
- House fire kills 2 children in North Carolina, and a third is critically injured
- Inter Miami defeats Nashville: Messi wins Leagues Cup after penalty shootout
Recommendation
Highlights from Trump’s interview with Time magazine
The Russian space agency says its Luna-25 spacecraft has crashed into the moon.
No secret weapon: Falcons RB Bijan Robinson might tear up NFL as a rookie
Chad Michael Murray and Wife Sarah Roemer Welcome Baby No. 3
Louvre will undergo expansion and restoration project, Macron says
Blue light blocking glasses may not actually help with eye strain or sleep quality, researchers find
Dwayne Haskins' widow settles with driver and owners of dump truck that hit and killed him
‘Blue Beetle’ unseats ‘Barbie’ atop box office, ending four-week reign