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
Algosensey View
Date:2025-04-08 09:58:38
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! (9442)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Did AI write this film? 'The Creator' offers a muddled plea for human-robot harmony
- After Malaysia bans his book, author says his depiction of Indonesian maid was misunderstood
- First congressional hearing on Maui wildfire to focus on island’s sole electric provider and grid
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Iowa authorities rescue nearly 100 dogs from apparent puppy mill during routine welfare check
- Fatal 2021 jet crash was likely caused by parking brake left on during takeoff, NTSB says
- $10,000 bill sells for nearly half a million dollars at Texas auction — and 1899 coin sells for almost as much
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Rock & Roll Hall of Fame 2023 induction ceremony to stream on Disney+, with Elton John performing
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Ringo Starr on ‘Rewind Forward,’ writing country music, the AI-assisted final Beatles track and more
- House Speaker McCarthy is back to square one as the Senate pushes ahead to avert a federal shutdown
- Macron proposes limited autonomy for France’s Mediterranean island of Corsica
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Who polices hospitals merging across markets? States give different answers.
- Jason Billingsley, man accused of killing Baltimore tech CEO, arrested after dayslong search
- The journey of 'seemingly ranch,' from meme to top of the Empire State Building
Recommendation
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Famous 'Sycamore Gap tree' found cut down overnight; teen arrested
California man pleads guilty to arranging hundreds of sham marriages
Slightly fewer number of Americans apply for jobless benefits as layoffs remain rare
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
China’s defense minister has been MIA for a month. His ministry isn’t making any comment
Ghost guns found at licensed day care: Police
Ex-Lizzo staffer speaks out after filing lawsuit against singer