Current:Home > ContactOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Wealth Legacy Solutions
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
Indexbit View
Date:2025-03-11 06:06:47
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! (613)
Related
- Sam Taylor
- Why Cleveland Browns don't have first-round pick in NFL draft (again), and who joins them
- Beyoncé sends 2-year-old Philippines boy flowers, stuffed toy after viral Where's Beyoncé? TikTok video
- The 15 Best After-Sun Products That'll Help Soothe and Hydrate Your Sunburnt Skin
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- New airline rules will make it easier to get refunds for canceled flights. Here's what to know.
- The Rolling Stones set to play New Orleans Jazz Fest 2024, opening Thursday
- Ryan Reynolds, Rob McElhenney talk triumph, joy and loss in 'Welcome to Wrexham' Season 3
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- House speaker calls for Columbia University president's resignation amid ongoing protests
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Timberwolves' Naz Reid wins NBA Sixth Man of the Year Award: Why he deserved the honor
- Horoscopes Today, April 23, 2024
- Charlie Woods attempting to qualify for 2024 US Open at Florida event
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- US Chamber of Commerce sues Federal Trade Commission over new noncompete ban
- Last-place San Jose Sharks fire head coach David Quinn
- South Carolina Senate approves $15.4B budget after debate on bathrooms and conference switching
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Horoscopes Today, April 23, 2024
Russia extends Wall Street Journal reporter Evan Gershkovich's pretrial detention yet again
South Carolina sheriff: Stop calling about that 'noise in the air.' It's cicadas.
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Russia extends Wall Street Journal reporter Evan Gershkovich's pretrial detention yet again
In Coastal British Columbia, the Haida Get Their Land Back
Tesla Fell Behind, Then Leapt Ahead of ExxonMobil in Market Value This Week