Current:Home > FinanceOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Visionary Wealth Guides
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-17 05:51:52
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
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Flurry of Houthi missiles, drones fired toward Red Sea shipping vessels, Pentagon says
- UN concerned over Taliban arrests of Afghan women and girls for alleged Islamic headscarf violations
- Chris Pratt Shares Special Photo of All 3 Kids Together
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- What is the birthstone for February? A guide to the month's captivating gem.
- Texas quarterback Quinn Ewers announces return to Longhorns amid interest in NFL draft
- Ranking NFL playoff teams by viability: Who's best positioned to reach Super Bowl 58?
- Could your smelly farts help science?
- Nick Saban was a brilliant college coach, but the NFL was a football puzzle he couldn't solve
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Patriots parting with Bill Belichick, who led team to 6 Super Bowl championships, AP source says
- Plan for Gas Drilling Spree in New York’s Southern Tier Draws Muted Response from Regulators, But Outrage From Green Groups
- What is the birthstone for February? A guide to the month's captivating gem.
- Highlights from Trump’s interview with Time magazine
- Missouri dad knew his teen son was having sex with teacher, official say. Now he's charged.
- Ranking NFL playoff teams by viability: Who's best positioned to reach Super Bowl 58?
- Archeologists map lost cities in Ecuadorian Amazon, settlements that lasted 1,000 years
Recommendation
Small twin
Greek prime minister says legislation allowing same-sex marriage will be presented soon
Taiwan’s election is shaped by economic realities, not just Beijing’s threats to use force
What we know about ‘Fito,’ Ecuador’s notorious gang leader who went missing from prison
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Prisoners’ bodies returned to families without heart, other organs, lawsuit alleges
Review: 'True Detective: Night Country' is so good, it might be better than Season 1
Peeps unveils new flavors for Easter 2024, including Icee Blue Raspberry and Rice Krispies