Current:Home > MyOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -TrueNorth Finance Path
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-18 23:37:52
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! (8)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Stampede at religious event in India kills more than 100, mostly women and children
- Open on July 4th: Retailers and airlines. Closed: Government, banks, stock market
- ICE created a fake university. Students can now sue the U.S. for it, appellate court rules
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Jenna Bush Hager Says Her Son Hal, 4, Makes Fun of Her Big Nipples
- Why Taylor Swift Isn’t Throwing Her Iconic Fourth of July Party in Rhode Island This Year
- 2 injured, 1 missing after ‘pyrotechnics’ incident at south Arkansas weapons facility
- The Daily Money: Spending more on holiday travel?
- Mississippi erases some restrictions on absentee voting help for people with disabilities
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- One killed after shooting outside Newport Beach mall leading to high speed chase: Reports
- Hurricane Beryl leaves trail of devastation in southeast Caribbean islands: The situation is grim
- Most deserving MLB All-Star starters become clear with full season's worth of stats
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- New York Giants on 'Hard Knocks': Team doubles down on Daniel Jones over Saquon Barkley
- Shohei Ohtani won't take part in All-Star Home Run Derby
- Nikki Hiltz, transgender runner, qualifies for U.S. Olympic team after winning 1,500-meter final
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Newly built CPKC Stadium of the KC Current to host NWSL championship game in November
Hurricane Beryl leaves trail of devastation in southeast Caribbean islands: The situation is grim
Authorities, churches identify 6 family members killed in Wisconsin house fire
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Bronny James says he can handle ‘amplified’ pressure of playing for Lakers with his famous father
Nikki Hiltz, transgender runner, qualifies for U.S. Olympic team after winning 1,500-meter final
Rudy Giuliani disbarred in New York for spreading falsehoods about 2020 election