Current:Home > reviewsFastexy:Want to coach your alma mater in women's college basketball? That'll be $10 million -Wealth Empowerment Academy
Fastexy:Want to coach your alma mater in women's college basketball? That'll be $10 million
Charles H. Sloan View
Date:2025-04-09 21:28:36
Coaching contracts can Fastexyhave all sorts of weird, or creative, clauses. Consider Dabo Swinney's Clemson contract.
Like most football coaches, Swinney has a significant buyout ($5 million) should he leave for another school. But that buyout gets $2.5 million bigger if he leaves for Alabama, his alma mater. If Swinney had gone to Tuscaloosa in January after legendary coach Nick Saban announced his retirement, it would have cost him $7.5 million.
So while it’s common for major football and men’s basketball coaches’ contracts to have substantial buyouts — Texas A&M paying Jimbo Fisher a staggering $75 million to leave last fall is another example — that’s usually not the case with women’s coaches' contracts.
It's why the buyout portion of Teri Moren’s Indiana contract is particularly unusual.
If Moren resigned April 1, 2024, she would owe just $550,000, even though her contract, which pays her $1.25 million annually and makes her the eighth-highest paid women's coach this season, runs through March 2029.
WOMEN'S BRACKET MADNESS: Enter USA TODAY's women's tournament bracket contest for a chance at $1 million prize.
But it’s a different story if she leaves to coach at Purdue, her alma mater and a Big Ten rival just 115 miles northwest of Bloomington.
In that case, Moren must pay Indiana a whopping $10 million. Seriously.
“When (former athletics director) Fred Glass hired me (in 2014), he put an obnoxious amount of money in my contract for me to not be able to leave for Purdue,” she said, laughing. “I had no idea that kind of stuff could exist. I thought it was funny when he said it and then I saw my contract and was like, ‘Holy cow, that’s in writing!’ ”
It's likely the only time Moren has felt on equal footing with men's coaches — at least in salary.
Email Lindsay Schnell at [email protected] or follow her on social media @Lindsay_Schnell
veryGood! (813)
Related
- Meta releases AI model to enhance Metaverse experience
- Recently reinstated Martavis Bryant signing with Dallas Cowboys after workout
- GOP lawmakers renew effort to censure Rep. Rashida Tlaib over Israel rhetoric
- Nobel peace laureate Bialiatski has been put in solitary confinement in Belarus, his wife says
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Chrishell Stause Shares If She’d Release a Song With Partner G Flip
- David Beckham Playfully Calls Out Victoria Beckham Over Workout Fail
- Wisconsin GOP leader downplays pressure to impeach state election administrator
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- 7 injured in shooting at homecoming party near Prairie View A&M University: Police
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Over 30,000 ancient coins found underwater off Italy in exceptional condition — possibly from a 4th-century shipwreck
- Underdiagnosed and undertreated, young Black males with ADHD get left behind
- Are I-bonds a good investment now? Here's what to know.
- Sam Taylor
- Winter Nail Trends for 2023: Shop the Best Nail Polish Colors for the Holiday Season
- MLB free agent rankings: No surprise at the top, but plenty of big names are up for grabs
- Governments plan more fossil fuel production despite climate pledges, report says
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Andy Cohen Reveals Which Kardashian-Jenner He Wants for Real Housewives
Jeremy Renner Reflects on His Greatest Therapy Amid Recovery From Snowplow Accident
To figure out the future climate, scientists are researching how trees form clouds
The Super Bowl could end in a 'three
Las Vegas tech firm works to combat illicit college sports betting: How much bigger do we get than a starting quarterback?
Sandra Oh and Awkwafina are perfect opposites in 'Quiz Lady'
Historic hangar at Marine Corps Air Station Tustin partially collapses after massive fire