Current:Home > NewsOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -WealthRoots Academy
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-18 22:27:42
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! (428)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- Padres-Dodgers opens MLB regular season in South Korea. What to know about Seoul Series.
- Roman Polanski civil trial over alleged 1973 rape of girl is set for 2025
- Jurors watch deadly assault video in James Crumbley involuntary manslaughter case
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Texas parental consent law for teen contraception doesn’t run afoul of federal program, court says
- Babies R Us opening shops inside about 200 Kohl's stores across the country
- Emily Blunt Reveals What She Told Ryan Gosling on Plane After 2024 Oscars
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- 2024 NFL mock draft: Four QBs in top five as Vikings trade up after Kirk Cousins leaves
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- How can you manage stress when talking to higher-ups at work? Ask HR
- Crocodile attacks man in Everglades on same day alligator bites off hand near Orlando
- Virgin of Charity unites all Cubans — Catholics, Santeria followers, exiled and back on the island
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- The 10 Best Places to Buy Spring Wedding Guest Dresses Both Online & In-Store
- See the Extravagant Gift Patrick Mahomes Gave Brittany Mahomes for Second Wedding Anniversary
- Dozens of big U.S. companies paid top executives more than they paid in federal taxes, report says
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Jurors watch deadly assault video in James Crumbley involuntary manslaughter case
University of Missouri student missing 4 days after being kicked out of Nashville bar
Python abuse alleged at supplier of snakeskins used for Gucci handbags
Meta releases AI model to enhance Metaverse experience
Voters choose county commissioner as new Georgia House member
Haitian Prime Minister Ariel Henry agrees to resign, bowing to international and internal pressure
Millie Bobby Brown's Stranger Things Season 5 Premiere Update Will Turn Your Smile Upside Down