Current:Home > ScamsOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -WealthPro Academy
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-13 21:19:52
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! (86735)
Related
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Can cats have chocolate? How dangerous the sweet treat is for your pet
- Hurricane season still swirling: Rafael could threaten US later this week
- Horoscopes Today, November 3, 2024
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- Saving just $10 per day for 30 years can get you a $1 million portfolio. Here's how.
- Saving for retirement? Here are the IRA contribution limits for 2025
- Ice-T, Michael Caine pay tribute to Quincy Jones
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Competing abortion proposals highlight a record number of ballot measures in Nebraska
Ranking
- 3 years after the NFL added a 17th game, the push for an 18th gets stronger
- New York Philharmonic fires two players after accusations of sexual misconduct and abuse of power
- When's the next Federal Reserve meeting? Here's when to expect updates on current rate.
- 3 New Required Minimum Distribution (RMD) Rules Everyone Should Know For 2024
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- The Best Christmas Tree Candles to Capture the Aroma of Fresh-Cut Pine
- California sues LA suburb for temporary ban of homeless shelters
- Manslaughter charges dropped in a man’s death at a psychiatric hospital
Recommendation
A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
Returning Grazing Land to Native Forests Would Yield Big Climate Benefits
Volvo, Ram, Ford among 252,000 vehicles recalled: Check recent car recalls here
Volvo, Ram, Ford among 252,000 vehicles recalled: Check recent car recalls here
FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
Quincy Jones leaves behind iconic music legacy, from 'Thriller' to 'We Are the World'
Penn State's James Franklin shows us who he is vs. Ohio State, and it's the same sad story
Georgia high court says absentee ballots must be returned by Election Day, even in county with delay