Current:Home > InvestWant to coach your alma mater in women's college basketball? That'll be $10 million -CapitalTrack
Want to coach your alma mater in women's college basketball? That'll be $10 million
View
Date:2025-04-18 19:12:38
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! (5835)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- November 2024 full moon this week is a super moon and the beaver moon
- Officer injured at Ferguson protest shows improvement, transferred to rehab
- Ariana Grande Shares Dad's Emotional Reaction to Using His Last Name in Wicked Credits
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Tom Brady Admits He Screwed Up as a Dad to Kids With Bridget Moynahan and Gisele Bündchen
- Some women are stockpiling Plan B and abortion pills. Here's what experts have to say.
- Opinion: Chris Wallace leaves CNN to go 'where the action' is. Why it matters
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Take the Day Off
Ranking
- A South Texas lawmaker’s 15
- Trump ally Steve Bannon blasts ‘lawfare’ as he faces New York trial after federal prison stint
- Lee Zeldin, Trump’s EPA Pick, Brings a Moderate Face to a Radical Game Plan
- Tony Hinchcliffe refuses to apologize after calling Puerto Rico 'garbage' at Trump rally
- What do we know about the mysterious drones reported flying over New Jersey?
- Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade
- The Best Gifts for People Who Don’t Want Anything
- What are the best financial advising companies? Help USA TODAY rank the top U.S. firms
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Controversial comedian Shane Gillis announces his 'biggest tour yet'
Republican Vos reelected as Wisconsin Assembly speaker despite losing seats, fights with Trump
Joey Graziadei Details Why Kelsey Anderson Took a Break From Social Media
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Garth Brooks wants to move his sexual assault case to federal court. How that could help the singer.
Republican Dan Newhouse wins reelection to US House in Washington
Jana Duggar Reveals She's Adjusting to City Life Amid Move Away From Farm