Current:Home > StocksOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -TradeStation
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-18 02:25:43
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! (8122)
Related
- Highlights from Trump’s interview with Time magazine
- BBQ Pulled Pork Sandwich returns to Bojangles menu along with WWE collectible item
- Lucas Turner: Should you time the stock market?
- Video shows Wisconsin police dramatically chase suspects attempting to flee in a U-Haul
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- California first state to get federal funds for hydrogen energy hub to help replace fossil fuels
- Scientists are ready to meet and greet a massive asteroid when it whizzes just past Earth
- Pro-war Russian athletes allowed to compete in Paris Olympic games despite ban, group says
- Bodycam footage shows high
- Jack Black cancels Tenacious D tour as Australia officials criticize Kyle Gass' Trump comment
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Lucas Turner: Breaking down the three major blockchains
- Lucas Turner: Should you time the stock market?
- Alaska judge who resigned in disgrace didn’t disclose conflicts in 23 cases, investigation finds
- Trump issues order to ban transgender troops from serving openly in the military
- Video shows bear walk up to front door of Florida home: Watch
- Caitlin Clark, Sabrina Ionescu not in WNBA All-Star 3-point contest
- Movie armorer seeks dismissal of her conviction or new trial in fatal shooting by Alec Baldwin
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Trump's 17-year-old granddaughter Kai says it was heartbreaking when he was shot
Alaska judge who resigned in disgrace didn’t disclose conflicts in 23 cases, investigation finds
Appeals court affirms Mississippi’s ban on voting after some felonies, including timber theft
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Climate change is making days longer, according to new research
Still in the Mood to Shop? Here Are the Best After Prime Day Deals You Can Still Snag
Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally