Current:Home > FinanceWant to coach your alma mater in women's college basketball? That'll be $10 million -AssetBase
Want to coach your alma mater in women's college basketball? That'll be $10 million
SignalHub View
Date:2025-04-06 22:06:30
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! (4)
Related
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Vermont police officer, 19, killed in high-speed crash with suspect she was chasing
- How the Paycheck Protection Program went from good intentions to a huge free-for-all
- The precarity of the H-1B work visa
- Former longtime South Carolina congressman John Spratt dies at 82
- Southwest Airlines' holiday chaos could cost the company as much as $825 million
- Billions in NIH grants could be jeopardized by appointments snafu, Republicans say
- Chinese manufacturing weakens amid COVID-19 outbreak
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- New York opens its first legal recreational marijuana dispensary
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Epstein's sex trafficking was aided by JPMorgan, a U.S. Virgin Islands lawsuit says
- A Lawsuit Challenges the Tennessee Valley Authority’s New Program of ‘Never-Ending’ Contracts
- NFL Star Ray Lewis' Son Ray Lewis III Dead at 28
- Senate begins final push to expand Social Security benefits for millions of people
- New York’s Heat-Vulnerable Neighborhoods Need to Go Green to Cool Off
- Chinese manufacturing weakens amid COVID-19 outbreak
- China, India Emissions Pledges May Not Be Reducing Potent Pollutants, Study Shows
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
UFC Fighter Conor McGregor Denies Sexually Assaulting Woman at NBA Game
New tax credits for electric vehicles kicked in last week
California offshore wind promises a new gold rush while slashing emissions
What do we know about the mysterious drones reported flying over New Jersey?
New nation, new ideas: A study finds immigrants out-innovate native-born Americans
Post Election, Climate and Racial Justice Protesters Gather in Boston Over Ballot Counting
NOAA’s ‘New Normals’ Climate Data Raises Questions About What’s Normal