Current:Home > MyOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -EverVision Finance
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-18 00:33:18
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! (3)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- TikTok is shocked at these hilarious, unhinged text messages from boomer parents
- 11 people injured when escalator malfunctions in Milwaukee ballpark after Brewers lose to Cubs
- Usher's Sweet Tribute to Fatherhood at 2024 BET Awards Got Us Fallin' in Love
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- 5 things to know about CBS News' 2024 Battleground Tracker election poll analysis
- Former Philadelphia labor union president sentenced to 4 years in embezzlement case
- Martin Mull, beloved actor known for Fernwood 2 Night, Roseanne and Sabrina the Teenage Witch, dies at 80
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Man critically injured in latest shark attack in Florida
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Jessica Alba's Daughters Honor and Haven Wear Her Past Red Carpet Dresses in Rare Outing
- Japan's Kobayashi Pharmaceutical now probing 80 deaths over possible link to benikoji red yeast supplement
- Germany’s game with Denmark resumes at Euro 2024 after thunderstorm
- A White House order claims to end 'censorship.' What does that mean?
- Hurricane Beryl strengthens into a Category 4 storm as it nears the southeast Caribbean
- Pogacar takes the yellow jersey in the 2nd stage of the Tour de France. Only Vingegaard can keep up
- Who plays Carmy, Sydney and Richie in 'The Bear'? See the full Season 3 cast
Recommendation
Travis Hunter, the 2
With England survival at stake, Jude Bellingham creates one of the great moments of Euro 2024
As climate change makes extremes more extreme, rainfall is no different
Gabby Thomas wins 200 at Olympic track trials; Sha'Carri Richardson fourth
Military service academies see drop in reported sexual assaults after alarming surge
Lautaro Martínez scores twice and Argentina playing without Messi beats Peru 2-0 to end group play
Funny Car legend John Force opens eyes, five days after frightening crash
Could more space junk fall in the US? What to know about Russian satellite breaking up