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
Rekubit View
Date:2025-04-08 11:11:33
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! (128)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- The NBA playoffs are finally here. And as LeBron James says, ‘it’s a sprint now’
- Harry Potter actor Warwick Davis mourns death of his wife, who appeared with him in franchise's final film
- Dubious claims about voting flyers at a migrant camp show how the border is inflaming US politics
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Americans lose millions of dollars each year to wire transfer fraud scams. Could banks do more to stop it?
- An appeals court dismisses charges against a Michigan election worker who downloaded a voter list
- A convicted rapist is charged with murder in the killing of a Connecticut visiting nurse
- What to watch: O Jolie night
- Remains of an Illinois soldier who died during WWII at a Japanese POW camp identified, military says
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- She used Grammarly to proofread her paper. Now she's accused of 'unintentionally cheating.'
- Taylor Swift's Tortured Poets Department: Joe Alwyn, Matty Healy & More Lyrics Decoded
- Probe underway into highway school bus fire that sent 10 students fleeing in New Jersey
- Military service academies see drop in reported sexual assaults after alarming surge
- Rashee Rice works out with Kansas City Chiefs teammate Patrick Mahomes amid legal woes
- Torso and arm believed to be those of missing Milwaukee teen Sade Robinson wash up on beach along Lake Michigan
- Wayfair set to open its first physical store. Here's where.
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Review: HBO's Robert Durst documentary 'The Jinx' kills it again in Part 2
Trump's critics love to see Truth Social's stock price crash. He can still cash out big.
Ex-Philadelphia police officer pleads guilty in shooting death of 12-year-old boy
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
3 Northern California law enforcement officers charged in death of man held facedown on the ground
Inside Caitlin Clark and Connor McCaffery's Winning Romance
The EPA is again allowing summer sales of higher ethanol gasoline blend, citing global conflicts