Current:Home > InvestWant to coach your alma mater in women's college basketball? That'll be $10 million -Stellar Wealth Sphere
Want to coach your alma mater in women's college basketball? That'll be $10 million
View
Date:2025-04-15 07:48:45
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! (765)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Judge tosses out Illinois ban that drafts legislative candidates as ‘restriction on right to vote’
- Horoscopes Today, June 4, 2024
- Voters defeat hand-counting measures in South Dakota, but others might come in future
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Boeing Starliner launch livestream: Watch as NASA sends 2 astronauts to ISS
- Arizona voters to decide whether to make border crossing by noncitizens a state crime
- Deliberations continue in $40 million fraud trial roiled by bag of cash for a juror
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Cities are shoring up electrical grid by making 'green' moves
Ranking
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- AT&T says it has resolved nationwide issue affecting ability of customers to make calls
- Florida revises school library book removal training after public outcry
- 3 killed in shooting at Montgomery grocery store
- Trump issues order to ban transgender troops from serving openly in the military
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Predators of the Deep
- In Washington, D.C., the city’s ‘forgotten river’ cleans up, slowly
- Ikea is hiring real people to work at its virtual Roblox store
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Who is Keith Gill, the Roaring Kitty pumping up GameStop shares?
Prosecutors want Donald Trump to remain under a gag order at least until he’s sentenced July 11
Florida and Kansas are accusing 2 people of forging signatures for petition drives
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Climate records keep shattering. How worried should we be?
Louisiana lawmakers approve bill to allow surgical castration of child sex offenders
Missouri appeals court sides with transgender student in bathroom, locker room discrimination case