Current:Home > InvestWant to coach your alma mater in women's college basketball? That'll be $10 million -MoneyMatrix
Want to coach your alma mater in women's college basketball? That'll be $10 million
View
Date:2025-04-12 16:55:17
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 [email protected] or follow her on social media @Lindsay_Schnell
veryGood! (347)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Swollen ankles are a common problem. From compression socks to elevation, here's how to get rid of them.
- Incumbent Maloy still leads after recount in Utah US House race, but lawsuit could turn the tide
- Wayfair’s 60% off Bedding & Bath Sale Has Everything You Need for Your Dorm, Starting at $9
- Stamford Road collision sends motorcyclist flying; driver arrested
- Secretaries of state urge Elon Musk to fix AI chatbot spreading election misinformation on X
- Hiroshima governor says nuclear disarmament must be tackled as a pressing issue, not an ideal
- Google illegally maintains monopoly over internet search, judge rules
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Why this US paddler is more motivated than ever for Paris Olympics: 'Time to show them'
Ranking
- South Korean president's party divided over defiant martial law speech
- Horoscopes Today, August 6, 2024
- What Iran’s attack against Israel could look like with the support of regional allies
- Simone Biles Details Future Family Plans With Husband Jonathan Owens
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Why Simone Biles, Jordan Chiles bowed down to Rebeca Andrade after Olympic floor final
- Horoscopes Today, August 6, 2024
- Bloomberg gives $600 million to four Black medical schools’ endowments
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
SEC, Big Ten domination headlines US LBM Coaches Poll winners and losers
Instructor charged with manslaughter in Pennsylvania plane crash that killed student pilot
Elon Musk sues OpenAI, renewing claims ChatGPT-maker put profits before ‘the benefit of humanity’
The Super Bowl could end in a 'three
Wayfair’s 60% off Bedding & Bath Sale Has Everything You Need for Your Dorm, Starting at $9
Victoria Canal Addresses Tom Cruise Dating Rumors
Stock market recap: Wall Street hammered amid plunging global markets