Current:Home > MarketsOregon'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
Johnathan Walker View
Date:2025-04-10 14:38:23
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! (1853)
Related
- Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
- First tropical storm warning of hurricane season issued as coastal Texas braces for possible flooding
- Former GOP Rep. George Nethercutt, who defeated House Speaker Tom Foley in 1994, dies at 79
- Rebellious. Cool. Nostalgic. Bringing ‘The Bikeriders’ to life, and movie theaters
- Video shows dog chewing cellphone battery pack, igniting fire in Oklahoma home
- Retired AP reporter Hoyt Harwell dies at 93; covered key events in the American South
- 'Partners in crime:' Boston Celtics stud duo proves doubters wrong en route to NBA title
- Newborn baby found abandoned near Texas walking trail
- North Carolina justices rule for restaurants in COVID
- Jeep, Chrysler and Ram will still have CarPlay, Android Auto as GM brands will phase out
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Save 80% on Nordstrom Rack Swimsuits, 60% on ASOS, 60% on Gap & More of Today's Best Deals
- Gleaming monolith pops up in Nevada desert, the latest in a series of quickly vanishing structures
- Jaylen Brown wins NBA Finals MVP after leading Celtics over Mavericks
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Teen sentenced after pleading guilty to 2022 shooting near Chicago high school that killed 2 teens
- Federal appellate panel sends Michigan pipeline challenge to state court
- Half a million immigrants could eventually get US citizenship under new plan from Biden
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
New York’s top court declines to hear Trump’s appeal of gag order in hush money case
Are banks, post offices, UPS and FedEx open on Juneteenth 2024? Here's what to know
Hillary Clinton gets standing ovation in surprise appearance at Tonys: 'Very special'
Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
Retirement bites? Almost half of Gen Xers say they'll need a miracle to retire.
Team USA's Uniforms for the 2024 Olympics Deserve a Gold Medal
Why Brooke Shields Wore Crocs to the 2024 Tony Awards