Current:Home > ContactWant to coach your alma mater in women's college basketball? That'll be $10 million -MarketLink
Want to coach your alma mater in women's college basketball? That'll be $10 million
View
Date:2025-04-19 05:55:01
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! (447)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Armenia accuses Azerbaijan of ethnic cleansing in Nagorno-Karabakh region as 65,000 forcefully displaced
- Chicago is keeping hundreds of migrants at airports while waiting on shelters and tents
- College football Week 5 highlights: Deion, Colorado fall to USC and rest of Top 25 action
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Bank of Japan survey shows manufacturers optimistic about economy
- Pakistani Taliban attack a police post in eastern Punjab province killing 1 officer
- Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Police search for 9-year-old girl who was camping in upstate New York
Ranking
- Highlights from Trump’s interview with Time magazine
- Why Kris Jenner Made Corey Gamble Turn Down Role in Yellowstone
- NASCAR Talladega playoff race 2023: Start time, TV, streaming, lineup for YellaWood 500
- India’s devastating monsoon season is a sign of things to come, as climate and poor planning combine
- Louvre will undergo expansion and restoration project, Macron says
- Black history 'Underground Railroad' forms across US after DeSantis, others ban books
- 4 in stolen car flee attempted traffic stop, die in fiery Maryland crash, police say
- Heat has forced organizers to cancel Twin Cities races that draw up to 20,000 runners
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Donald Trump expects to attend start of New York civil trial Monday
U2 brings swagger, iconic songs to Sphere Las Vegas in jaw-dropping opening night concert
At least 13 people were killed at a nightclub fire in Spain’s southeastern city of Murcia
South Korean president's party divided over defiant martial law speech
Taylor Swift Brings Her Squad to Cheer on Travis Kelce at NFL Game at MetLife Stadium
Federal student loan payments are starting again. Here’s what you need to know
Women’s voices and votes loom large as pope opens Vatican meeting on church’s future