Current:Home > MyOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins-VaTradeCoin
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
lotradecoin beginners View Date:2024-12-26 10:49:00
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! (21165)
Related
- We can't get excited about 'Kraven the Hunter.' Don't blame superhero fatigue.
- What is Diwali, the Festival of Lights, and how is it celebrated in India and the diaspora?
- Donald Trump’s lawyers ask judge to end civil fraud trial, seeking verdict in ex-president’s favor
- Back in China 50 years after historic trip, a Philadelphia Orchestra violinist hopes to build ties
- Luigi Mangione merchandise raises controversy, claims of glorifying violence
- Scott Boras tells MLB owners to 'take heed': Free agents win World Series titles
- Sammy Hagar is selling his LaFerrari to the highest bidder: 'Most amazing car I’ve ever owned'
- Karlie Kloss Says She Still Gets Trolled for 2019 Camp Met Gala Look
- Travis Kelce Praises Taylor Swift For Making Eras Tour "Best In The World"
- Thousands fall ill in eastern Pakistan due to heavy smog, forcing closure of schools, markets, parks
Ranking
- American who says he crossed into Syria on foot is freed after 7 months in detention
- Southwest Airlines says it's ready for the holidays after its meltdown last December
- Librarians turn to civil rights agency to oppose book bans and their firings
- Ohio State's Ryan Day denies giving Michigan's signs to Purdue before Big Ten title game
- Southern California forecast of cool temps, calm winds to help firefighters battle Malibu blaze
- Live updates | Negotiations underway for 3-day humanitarian cease-fire in Gaza, officials say
- Michigan responds to Big Ten notice amid football sign-stealing scandal, per report
- People who make pilgrimages to a World War II Japanese American incarceration camp and their stories
Recommendation
-
We can't get excited about 'Kraven the Hunter.' Don't blame superhero fatigue.
-
The actors strike is over. What’s next for your favorite stars, shows and Hollywood?
-
U.S. childhood vaccination exemptions reach their highest level ever
-
Live updates | Negotiations underway for 3-day humanitarian cease-fire in Gaza, officials say
-
Chiquis comes from Latin pop royalty. How the regional Mexican star found her own crown
-
Melissa Rivers Is Engaged to Attorney Steve Mitchel
-
Albania’s deal with Italy on migrants has been welcomed by many. But others are confused and angry
-
In-n-Out announces expansion to New Mexico by 2027: See future locations