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
View
Date:2025-04-13 09:38:20
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! (75)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- The company planning a successor to Concorde makes its first supersonic test
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- $73.5M beach replenishment project starts in January at Jersey Shore
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Could your smelly farts help science?
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Trump issues order to ban transgender troops from serving openly in the military
- New data highlights 'achievement gap' for students in the US
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- The Grammy nominee you need to hear: Esperanza Spalding
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Why members of two of EPA's influential science advisory committees were let go
Average rate on 30
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Could your smelly farts help science?
Former longtime South Carolina congressman John Spratt dies at 82
Highlights from Trump’s interview with Time magazine