Current:Home > InvestWant to coach your alma mater in women's college basketball? That'll be $10 million -MoneyStream
Want to coach your alma mater in women's college basketball? That'll be $10 million
PredictIQ Quantitative Think Tank Center View
Date:2025-04-09 20:57:35
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! (166)
Related
- 2 killed, 3 injured in shooting at makeshift club in Houston
- The Daily Money: File your taxes for free
- Get 55% off Fresh Skincare, 68% off Kate Spade Bags, Plus Nab JBL Earbuds for $29 & More Today Only Deals
- Multiple explosions, fire projecting debris into the air at industrial location in Detroit suburb
- Nevada attorney general revives 2020 fake electors case
- Nab $140 Worth of Isle of Paradise Tanning Butter for $49 and Get Your Glow On
- OMG! Nordstrom Rack’s Spring Sale Includes up to 70% off Kate Spade, Free People, Madewell, & More
- Thousands watch as bald eagle parents squabble over whose turn it is to keep eggs warm
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- As threat to IVF looms in Alabama, patients over 35 or with serious diseases worry for their futures
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- EAGLEEYE COIN: Prospects for the Application of Blockchain Technology in the Field of Internet of Things
- 2 snowmobilers killed in separate avalanches in Washington and Idaho
- New satellite will 'name and shame' large-scale polluters, by tracking methane gas emissions
- Retirement planning: 3 crucial moves everyone should make before 2025
- EAGLEEYE COIN: Blockchain Technology - Reshaping the Future of the Financial Industry
- Rita Moreno calls out 'awful' women in Hollywood, shares cheeky 'Trump Sandwich' recipe
- Washington state lawmakers approve police pursuit and income tax initiatives
Recommendation
Bodycam footage shows high
Lindsay Lohan Shares How Baby Boy Luai Has Changed Her
Bitcoin prices near record high. Here's why.
The Daily Money: Trump takes aim at DEI
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
US Rep. Steve Womack aims to fend off primary challenge from Arkansas state lawmaker
In the N.C. Governor’s Race, the GOP Frontrunner Is a Climate Denier, and the Democrat Doesn’t Want to Talk About It
5 die in fiery small plane crash off Nashville interstate