Current:Home > MyOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Wealth Evolution Experts
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-15 00:54:09
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! (74897)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Allyson Felix, Pampers to launch first-ever nursery at Paris Olympics
- ‘Demoralizing day’: Steve Kerr, Steph Curry on Trump assassination attempt
- Selena Gomez and Benny Blanco Reveal Who Said I Love You First in Cute Video
- Stamford Road collision sends motorcyclist flying; driver arrested
- 'Dr. Ruth' Westheimer dies at age 96 after decades of distributing frank advice about sex
- Prince Harry accepts Pat Tillman service award at ESPYs after Mary Tillman's objections
- How many points did Caitlin Clark score? Fever star has double-double vs. Mercury
- DoorDash steps up driver ID checks after traffic safety complaints
- Jacoby Jones, a star of Baltimore’s most recent Super Bowl title run, has died at age 40
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- Allyson Felix, Pampers to launch first-ever nursery at Paris Olympics
- Ryan Blaney holds off Denny Hamlin to win NASCAR Pocono race: Results, highlights
- Score Top Holiday Gifts Up to 60% Off at Nordstrom's Anniversary Sale 2024: Jo Malone, Le Creuset & More
- Grammy nominee Teddy Swims on love, growth and embracing change
- England vs. Spain: What to know, how to watch and stream UEFA Euro 2024 final
- Books similar to 'Fourth Wing': What to read if you loved the dragon-filled romantasy
- Shooting kills 3 people including a young child in a car on an Alabama street
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
USA vs Australia: Time, TV channel, streaming for USA Basketball Showcase game
Inside Scattergood, the oldest structure on the CIA's campus
77 pilot whales die on Scotland beach in one of the larger mass strandings seen in U.K.
Could your smelly farts help science?
Shannen Doherty, ‘Beverly Hills, 90210’ star, dies at 53
MLB draft prospects with famous bloodlines carry weight of monster expectations
Melania Trump releases statement after Trump assassination attempt: A monster ... attempted to ring out Donald's passion