Current:Home > ScamsOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -Wealth Empowerment Academy
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-14 04:18:46
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! (65)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Blinken wraps up frantic Mideast tour with tepid, if any, support for pauses in Gaza fighting
- New Zealand’s ex-Premier Jacinda Ardern will join conservation group to rally for environment action
- A 'trash audit' can help you cut down waste at home. Here's how to do it
- Why members of two of EPA's influential science advisory committees were let go
- Florida's uneasy future with Billy Napier puts them at the top of the Week 10 Misery Index
- If Trump wins, more voters foresee better finances, staying out of war — CBS News poll
- Human skull found in Florida thrift store, discovery made by anthropologist
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Washington's Zion Tupuola-Fetui has emotional moment talking about his dad after USC win
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- QB changes ahead? 12 NFL teams that could be on track for new starters in 2024
- 'We're going to see them again': Cowboys not panicking after coming up short against Eagles
- A new survey of wealthy nations finds favorable views rising for the US while declining for China
- Trump issues order to ban transgender troops from serving openly in the military
- Aid trickles in to Nepal villages struck by earthquake as survivors salvage belongings from rubble
- Sweltering summer heat took toll on many U.S. farms
- 4 men charged in theft of golden toilet from Churchill’s birthplace. It’s an artwork titled America
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Katy Perry's daughter Daisy Dove steals the show at pop star's Las Vegas residency finale
Millions are watching people share childhood diaries on TikTok. Maybe that's a bad idea.
New York Mets hiring Yankees bench coach Carlos Mendoza as manager, AP source says
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
An 11-year-old killed in Cincinnati has been identified and police are seeking the shooter
Myanmar resistance claims first capture of a district capital from the military government
MTV EMAs 2023 Winners: Taylor Swift, Jung Kook and More