Current:Home > StocksWant to coach your alma mater in women's college basketball? That'll be $10 million -Dynamic Wealth Solutions
Want to coach your alma mater in women's college basketball? That'll be $10 million
PredictIQ Quantitative Think Tank Center View
Date:2025-04-11 03:14:28
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
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- 'Daunting' Michael Jackson biopic wows CinemaCon with first footage of Jaafar Jackson
- Consumers would be notified of AI-generated content under Pennsylvania bill
- As a Contested Pittsburgh Primary Nears, Climate Advocates Rally Around a Progressive Fracking Opponent, Rep. Summer Lee
- Buckingham Palace staff under investigation for 'bar brawl'
- Judge in Trump’s election interference case rejects ‘hostages’ label for jailed Jan. 6 defendants
- RHOSLC's Monica Garcia Shares She's Pregnant With Mystery Boyfriend's Baby on Viall Files
- Greenhouse gases are rocketing to record levels – highest in at least 800,000 years
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- California failed to track how billions are spent to combat homelessness programs, audit finds
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- Former NFL linebacker Terrell Suggs faces charges from Starbucks drive-thru incident
- Psych exams ordered for mother of boy found dead in suitcase in southern Indiana
- Runaway goat that scaled bridge 'like a four-legged Spider-Man' rescued in Kansas City
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- WIC families able to buy more fruits, whole grains, veggies, but less juice and milk
- A Blair Witch Project Remake Is in the Works and Ready to Haunt You
- Colorado skier dies attempting to jump highway in 'high risk' stunt, authorities say
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Stamp prices poised to rise again, for the 2nd time this year
WIC families able to buy more fruits, whole grains, veggies, but less juice and milk
Frozen Four times, TV for NCAA men's hockey tournament, Hobey Baker Award
$73.5M beach replenishment project starts in January at Jersey Shore
Usher to receive keys to Chattanooga in Tennessee: 'I look forward to celebrating'
Dylan Rounds' Presumed Skeletal Remains Found 2 Years After His Disappearance
Driver arrested after fleeing California crash that killed child, injured 4 other passengers