Current:Home > ContactWant to coach your alma mater in women's college basketball? That'll be $10 million -BrightFutureFinance
Want to coach your alma mater in women's college basketball? That'll be $10 million
View
Date:2025-04-13 16:58:11
Coaching contracts can have all sorts of weird, or creative, clauses. Consider Dabo Swinney's Clemson contract.
Like most football coaches, Swinney has a significant buyout ($5 million) should he leave for another school. But that buyout gets $2.5 million bigger if he leaves for Alabama, his alma mater. If Swinney had gone to Tuscaloosa in January after legendary coach Nick Saban announced his retirement, it would have cost him $7.5 million.
So while it’s common for major football and men’s basketball coaches’ contracts to have substantial buyouts — Texas A&M paying Jimbo Fisher a staggering $75 million to leave last fall is another example — that’s usually not the case with women’s coaches' contracts.
It's why the buyout portion of Teri Moren’s Indiana contract is particularly unusual.
If Moren resigned April 1, 2024, she would owe just $550,000, even though her contract, which pays her $1.25 million annually and makes her the eighth-highest paid women's coach this season, runs through March 2029.
WOMEN'S BRACKET MADNESS: Enter USA TODAY's women's tournament bracket contest for a chance at $1 million prize.
But it’s a different story if she leaves to coach at Purdue, her alma mater and a Big Ten rival just 115 miles northwest of Bloomington.
In that case, Moren must pay Indiana a whopping $10 million. Seriously.
“When (former athletics director) Fred Glass hired me (in 2014), he put an obnoxious amount of money in my contract for me to not be able to leave for Purdue,” she said, laughing. “I had no idea that kind of stuff could exist. I thought it was funny when he said it and then I saw my contract and was like, ‘Holy cow, that’s in writing!’ ”
It's likely the only time Moren has felt on equal footing with men's coaches — at least in salary.
Email Lindsay Schnell at [email protected] or follow her on social media @Lindsay_Schnell
veryGood! (8)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- The Republicans who opposed Jim Jordan on the third ballot — including 3 new votes against him
- Russian foreign minister dismisses US claims of North Korea supplying munitions to Moscow as rumors
- Emily Blunt “Appalled” Over Her Past Fat-Shaming Comment
- Meta releases AI model to enhance Metaverse experience
- Ohio court OKs GOP-backed education overhaul, says stalling would cause ‘chaos’ as lawsuit continues
- 'My body is changed forever.' Black women lead way for FDA chemical hair straightener ban
- Golden Bachelor Gerry Turner's Dating Advice For the Younger Generation Will Melt Your Millennial Heart
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- 150 dolphins die in Amazon lake within a week as water temps surpass 100 degrees amid extreme drought
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Basketball Wives' Evelyn Lozada and Fiancé LaVon Lewis Break Up
- Hilarie Burton Defends Sophia Bush After Erin Foster Alleges She Cheated With Chad Michael Murray
- Russian foreign minister dismisses US claims of North Korea supplying munitions to Moscow as rumors
- The White House is cracking down on overdraft fees
- Cricket in the Olympics? 2028 Games will feature sport for the first time in a century
- We Can’t Keep These Pics of Taylor Swift, Selena Gomez and Zoë Kravitz’s Night Out to Ourselves
- Baltimore to pay $48 million to 3 men wrongly imprisoned for decades in ‘Georgetown jacket’ killing
Recommendation
A South Texas lawmaker’s 15
In Lebanon, thousands are displaced from border towns by clashes, stretching state resources
Maren Morris Shares Message on Facing What's Necessary Amid Ryan Hurd Divorce
Travis King charged with desertion for crossing into North Korea
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
Northern Europe continues to brace for gale-force winds and floods
The leaders of Ukraine and Russia assess their resources as their war heads into winter
Brazil police conduct searches targeting intelligence agency’s use of tracking software