Current:Home > InvestWant to coach your alma mater in women's college basketball? That'll be $10 million -Wealth Evolution Experts
Want to coach your alma mater in women's college basketball? That'll be $10 million
View
Date:2025-04-16 15:24:26
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! (892)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Beyond Condoms!
- Suburbs delivered recent wins for Georgia Democrats. This year, they're up for grabs
- Today’s Climate: July 29, 2010
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Abortion is on the ballot in Montana. Voters will decide fate of the 'Born Alive' law
- Here Are All of the Shows That Have Been Impacted By the WGA Strike 2023
- A Heat Wave Left Arctic Sea Ice Near a Record Winter Low. This Town Is Paying the Price.
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Offset and Princesses Kulture and Kalea Have Daddy-Daughter Date at The Little Mermaid Premiere
Ranking
- Average rate on 30
- Shanghai Disney Resort will close indefinitely starting on Halloween due to COVID-19
- Allergic To Cats? There's Hope Yet!
- Biden administration to appoint anti-book ban coordinator as part of new LGBTQ protections
- Travis Hunter, the 2
- Monkeypox cases in the U.S. are way down — can the virus be eliminated?
- You’ll Flip Over Simone Biles’ Second Wedding to Jonathan Owens in Mexico
- Unfounded fears about rainbow fentanyl become the latest Halloween boogeyman
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Contaminated cough syrup from India linked to 70 child deaths. It's happened before
How to Clean Your Hairbrush: An Easy Guide to Remove Hair, Lint, Product Build-Up and Dead Skin
All Biomass Is Not Created Equal, At Least in Massachusetts
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Methane Hazard Lurks in Boston’s Aging, Leaking Gas Pipes, Study Says
Get 2 Bareminerals Tinted Moisturizers for the Less Than the Price of 1 and Replace 4 Products at Once
WWE Wrestling Champ Sara Lee's Cause of Death Revealed