Current:Home > ScamsOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Dynamic Money Growth
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-18 09:37:00
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! (19)
Related
- Intel's stock did something it hasn't done since 2022
- Why Viral “Man In Finance” TikToker Megan Boni Isn’t Actually Looking for That in Her Next Relationship
- National Cheese Pizza Day: Where to get deals and discounts on Thursday
- Maine law thwarts impact of school choice decision, lawsuit says
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Former cadets accuse the Coast Guard Academy of failing to stop sexual violence
- US Open: Aryna Sabalenka beats Emma Navarro to reach her second consecutive final in New York
- Federal judge asked to give preliminary OK to $2.78 billion settlement of NCAA antitrust claims
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- No charges for Nebraska officer who killed a man while serving a no-knock warrant
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- A woman pleads guilty to trying to bribe a juror in a major COVID-related fraud case
- FBI searches the homes of at least three top deputies to New York City’s mayor
- Can I still watch NFL and college football amid Disney-DirecTV dispute? Here's what to know
- Retirement planning: 3 crucial moves everyone should make before 2025
- A Legionnaire’s disease outbreak has killed 3 at an assisted living facility
- Mexican drug cartel leader agrees to be transferred from Texas to New York
- Will Taylor Swift show up for Chiefs’ season opener against the Ravens on Thursday night?
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
Trailer for 'A Minecraft Movie' starring Jack Black, Jason Momoa receives mixed reactions
Investigators will test DNA found on a wipe removed from a care home choking victim’s throat
Get a $48.98 Deal on a $125 Perricone MD Serum That’s Like an Eye Lift in a Bottle
Intel's stock did something it hasn't done since 2022
Video game performers reach agreement with 80 video games on AI terms
Trailer for 'A Minecraft Movie' starring Jack Black, Jason Momoa receives mixed reactions
Will Taylor Swift show up for Chiefs’ season opener against the Ravens on Thursday night?