Current:Home > NewsWant to coach your alma mater in women's college basketball? That'll be $10 million-DB Wealth Institute B2 Expert Reviews
Want to coach your alma mater in women's college basketball? That'll be $10 million
View Date:2024-12-24 00:14:56
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! (59)
Related
- Today’s Savannah Guthrie, Al Roker and More React to Craig Melvin Replacing Hoda Kotb as Co-Anchor
- Japan Airlines gets first woman president following a fatal plane collision during the holidays
- Why Kyle Richards Felt Weird Being in Public With Mauricio Umansky Before Separation
- Federal investigators say Mississippi poultry plant directly responsible for 16-year-old's death
- Republican David Schweikert wins reelection in affluent Arizona congressional district
- Two TCU women's basketball games canceled for 'health and safety' of players
- Dua Lipa and Callum Turner Confirm Romance During PDA-Packed Dinner Date
- UK leader Rishi Sunak tries to quell Conservative revolt over his Rwanda plan for migrants
- Federal judge blocks Louisiana law that requires classrooms to display Ten Commandments
- Mila De Jesus' Husband Breaks Silence After Influencer’s Death
Ranking
- Disney Store's Black Friday Sale Just Started: Save an Extra 20% When You Shop Early
- Eating these foods after working out can improve recovery and rebuild muscle
- Houthis continue attacks in Red Sea even after series of U.S. military strikes
- South Dakota House passes bill that would make the animal sedative xylazine a controlled substance
- US Open finalist Taylor Fritz talks League of Legends, why he hated tennis and how he copied Sampras
- Trump-backed Ohio US Senate candidate and businessman Moreno faced discrimination suits, AP finds
- Pharrell Williams reveals Western Louis Vuitton collection at Milan Fashion Week: See the photos
- What is 'budget Ozempic?' Experts warn about TikTok's alarming DIY weight loss 'trick'
Recommendation
-
Golden Bachelorette: Joan Vassos Gets Engaged During Season Finale
-
Blinken promises Ukraine's leader enduring U.S. support as war with Russia nears 2-year mark
-
States expand low-interest loan programs for farms, businesses and new housing
-
2023 was the deadliest year for killings by police in the US. Experts say this is why
-
Mike Tyson vs. Jake Paul referee handled one of YouTuber's biggest fights
-
Phoenix family fears hit-and-run victim was targeted for being transgender
-
Judge limits witness questioning, sets legal standard for Alex Murdaugh jury tampering case
-
Trump and Biden have one thing in common: Neither drinks. That's rare for presidents.