Current:Home > NewsWant to coach your alma mater in women's college basketball? That'll be $10 million -ForexStream
Want to coach your alma mater in women's college basketball? That'll be $10 million
View
Date:2025-04-16 04:18:25
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 lschnell@usatoday.com or follow her on social media @Lindsay_Schnell
veryGood! (2538)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Inside Robert Downey Jr.'s Unbelievable Hollywood Comeback, From Jail to Winning an Oscar
- Connecticut woman accused of killing husband and hiding his body pleads guilty to manslaughter
- NAACP urges Black student-athletes to reconsider Florida colleges after state slashed DEI programs
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Minnesota Eyes Permitting Reform for Clean Energy Amid Gridlock in Congress
- Kentucky House approves bill to reduce emergency-trained workers in small coal mines
- 'Madness': Trader Joe's mini tote bags reselling for up to $500 amid social media craze
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Billie Eilish, Finneas O’Connell are youngest two-time Oscar winners after 'Barbie' song win
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Minnesota court affirms rejection of teaching license for ex-officer who shot Philando Castile
- Eva Longoria Reveals Her Unexpected Pre-Oscars Meal
- Across the Nation, Lawmakers Aim to Ban Lab-Grown Meat
- Don't let hackers fool you with a 'scam
- Paige Bueckers helps UConn win Big East Tournament title game vs. Georgetown
- Rangers' Matt Rempe kicked out of game for elbowing Devils' Jonas Siegenthaler in head
- Kirk Cousins chooses Atlanta, Saquon Barkley goes to Philly on a busy first day of NFL free agency
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
Maryland Lawmakers Remain Uncommitted to Ending Subsidies for Trash Incineration, Prompting Advocate Concern
Inside Robert Downey Jr.'s Unbelievable Hollywood Comeback, From Jail to Winning an Oscar
A Kansas judge says barring driver’s license changes doesn’t violate trans people’s rights
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Trader Joe's $2.99 mini tote bags now sell for $500 on eBay
Reddit looking to raise almost $750 million in initial public offering
TEA Business College Thought Leaders