Current:Home > InvestNovaQuant Quantitative Think Tank Center:Want to coach your alma mater in women's college basketball? That'll be $10 million -FinTechWorld
NovaQuant Quantitative Think Tank Center:Want to coach your alma mater in women's college basketball? That'll be $10 million
SignalHub Quantitative Think Tank Center View
Date:2025-04-08 18:58:09
Coaching contracts can NovaQuant Quantitative Think Tank Centerhave 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! (731)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Los Angeles train crashes with USC shuttle bus, injuring 55; 2 people critical
- House to vote on expanded definition of antisemitism amid growing campus protests
- Soccer Star Carli Lloyd is Pregnant, Expecting “Miracle” Baby with Husband Brian Hollins
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Police fatally shoot a man who sliced an officer’s face during a scuffle
- Beekeeper Matt Hilton plays the hero after ending delay for Dodgers-Diamondbacks game
- From The Alamo to Tex-Mex: David Begnaud explores San Antonio
- Sam Taylor
- Kansas has new abortion laws while Louisiana may block exceptions to its ban
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Ford recalls Maverick pickups in US because tail lights can go dark, increasing the risk of a crash
- Kentucky Derby 2024 ticket prices: How expensive is it to see 150th 'Run for the Roses'?
- 2.6 magnitude earthquake shakes near Gladstone, New Jersey, USGS reports
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Increasingly Frequent Ocean Heat Waves Trigger Mass Die-Offs of Sealife, and Grief in Marine Scientists
- The Islamic State group says it was behind a mosque attack in Afghanistan that killed 6 people
- Kansas tornado leaves 1 dead, destroys nearly two dozen homes, officials say
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
In Season 3 of 'Hacks,' Jean Smart will make you love to laugh again: Review
Man snags $14,000 Cartier earrings for under $14 due to price error, jeweler honors price
1 person dead, buildings damaged after tornado rips through northeastern Kansas
B.A. Parker is learning the banjo
Charges revealed against former Trump chief of staff in Arizona fake elector case
Former UFC champion Francis Ngannou says his 15-month-old son died
Jersey Shore's Pauly D Shares Rare Update on Life With 10-Year-Old Daughter Amabella