Current:Home > FinanceWant to coach your alma mater in women's college basketball? That'll be $10 million -FinanceMind
Want to coach your alma mater in women's college basketball? That'll be $10 million
View
Date:2025-04-17 05:26:44
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! (45567)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Los Angeles authorities searching for children taken by parents during supervised visit
- Hard Knocks recap: Velus Jones Jr., Ian Wheeler, Austin Reed get one last chance to impress Bears
- Body of Delta Air Lines worker who died in tire explosion was unrecognizable, son says
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- South Carolina prison director says electric chair, firing squad and lethal injection ready to go
- 'After Baywatch': Carmen Electra learned hard TV kissing lesson with David Chokachi
- Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Killings of invasive owls to ramp up on US West Coast in a bid to save native birds
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- US Open Day 2: Dan Evans wins marathon match; Li Tu holds his own against Carlos Alcaraz
- How Christopher Reeve’s Wife Dana Reeve Saved His Life After Paralyzing Accident
- The Daily Money: DJT stock hits new low
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Family of Grand Canyon flash flood victim raises funds for search team: 'Profoundly grateful'
- 2024 Paralympics: Kate Middleton and Prince William Share Royally Sweet Message Ahead of Games
- Polaris Dawn mission: What to know about SpaceX launch and its crew
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
The Daily Money: DJT stock hits new low
Kadarius Toney cut by Kansas City as Chiefs' WR shake-up continues
Cheerleader drops sexual harassment lawsuit against Northwestern University
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Walmart's 2024 Labor Day Mega Sale: Score a $65 Mattress + Save Up to 78% on Apple, Bissell, Dyson & More
Peloton's former billionaire CEO says he 'lost all my money' when he left exercise company
Kelsea Ballerini Shares Her Dog Dibs Has Inoperable Heart Cancer