Current:Home > reviewsOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Ascend Wealth Education
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-18 13:40:24
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! (2)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Wealth Forge Institute: THE LEAP FROM QUANTITATIVE TRADING TO ARTIFICIAL INTELLIGENCE
- Psst! Target’s Spring Home Sale Has Hundreds of Deals up to 50% off on Furniture, Kitchen Items & More
- Caleb Williams goes to the Bears with the No. 1 overall pick in the NFL draft
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Google parent reports another quarter of robust growth, rolls out first-ever quarterly dividend
- Building at end of Southern California pier catches fire, sending smoke billowing onto beach
- Golden State Warriors star Steph Curry named 2023-24 NBA Clutch Player of the Year
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- My Favorite SKIMS Drops This Month: Strapless Bras That Don't Slip, Bold Swimwear, Soft Loungewear & More
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Gusts of activity underway by friends and foes of offshore wind energy projects
- Dozens of Climate Activists Arrested at Citibank Headquarters in New York City During Earth Week
- Jeezy Denies Ex Jeannie Mai's Deeply Disturbing Abuse Allegations
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- GOP mulls next move after Kansas governor vetoes effort to help Texas in border security fight
- Summer House's Carl Radke Reveals His Influencer Income—And Why Lindsay Hubbard Earns More
- Antiwar protesters’ calls for divestment at universities put spotlight on how endowments are managed
Recommendation
Tom Holland's New Venture Revealed
Selling weight-loss and muscle-building supplements to minors in New York is now illegal
Man, dog disappear in Grand Canyon after apparently taking homemade raft on Colorado River
Judge reject’s Trump’s bid for a new trial in $83.3 million E. Jean Carroll defamation case
Senate begins final push to expand Social Security benefits for millions of people
School lunches are changing: USDA updates rules to limit added sugars for the first time
'I haven't given up': Pam Grier on 'Them: The Scare,' horror and 50 years of 'Foxy Brown'
Suspect in fatal shooting of ex-Saints player Will Smith sentenced to 25 years in prison