Current:Home > ContactOregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins -EliteFunds
Oregon's Dan Lanning, Indiana's Curt Cignetti pocket big bonuses after Week 11 wins
View
Date:2025-04-16 22:16:14
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! (4)
Related
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- Tampa Bay Avoided the Worst of Milton’s Wrath, But Millions Are Suffering After the Second Hurricane in Two Weeks Raked Florida
- Social Security COLA shrinks for 2025 to 2.5%, the smallest increase since 2021
- What happened between Stephen and Monica on 'Love is Blind'? And what is a sleep test?
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
- Lake blames Gallego for border woes, he vows to protect abortion rights in Arizona Senate debate
- What to know about this year’s Social Security cost-of-living adjustment
- SEC, Big Ten flex muscle but won't say what College Football Playoff format they crave
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Tech CEO Justin Bingham Dead at 40 After 200-Ft. Fall at National Park in Utah
Ranking
- The Daily Money: Disney+ wants your dollars
- Pregnant Brittany Mahomes Shares Glimpse at Zoo Family Day With Patrick Mahomes and Their Kids
- Martha Stewart Says Prosecutors Should Be Put in a Cuisinart Over Felony Conviction
- Man mauled to death by 'several dogs' in New York, prompting investigation: Police
- A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
- Wholesale inflation remained cool last month in latest sign that price pressures are slowing
- Love Is Blind's Monica Details How She Found Stephen's Really Kinky Texts to Another Woman
- Melinda French Gates makes $250 million available for groups supporting women's health
Recommendation
What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
Hugh Jackman to begin 12-concert residency at Radio City Music Hall next year
Joan Smalls calls out alleged racist remark from senior manager at modeling agency
Priscilla Presley’s Ex-Boyfriend Michael Edwards Denies Molesting Lisa Marie Presley When She Was 10
Sonya Massey's father decries possible release of former deputy charged with her death
¿Dónde tocó tierra el huracán Milton? Vea la trayectoria de la tormenta.
Melinda French Gates makes $250 million available for groups supporting women's health
MoneyGram announces hack: Customer data such as Social Security numbers, bank accounts impacted