Current:Home > NewsWant to coach your alma mater in women's college basketball? That'll be $10 million -FinanceMind
Want to coach your alma mater in women's college basketball? That'll be $10 million
TrendPulse View
Date:2025-04-07 14:29:18
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! (2)
Related
- See you latte: Starbucks plans to cut 30% of its menu
- Camila Cabello’s NSFW Vacation Photos Will Have You Saying My Oh My
- Coast Guard searching for cruise passenger who jumped overboard
- Jon Gosselin Has “No Idea” Why He’s Estranged From His Kids
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- 24-Hour Deal: Skechers Washable Sneakers and Free Shipping
- This Under Eye Mask Is Like an Energy Drink for Your Skin and It’s 45% Off Right Now
- Madison Beer Claps Back at Body Shamer Saying She's Getting Fatter
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Q&A: Heather McTeer Toney Reflects on the Ongoing Struggle for Environmental Justice in America
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- America’s Iconic Beech Trees Are Under Attack
- Why John Stamos Once Tried to Quit Full House
- Prepare for More Smoky Summers in the Midwest and Northeast
- Retirement planning: 3 crucial moves everyone should make before 2025
- Texas Cities Set Temperature Records in Unremitting Heat Wave
- Married To Medicine Star Quad Webb's 3-Year-Old Great Niece Drowns In Her Pool
- Q&A: Kate Beaton Describes the Toll Taken by Alberta’s Oil Sands on Wildlife and the Workers Who Mine the Viscous Crude
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Everything to Know About Vanderpump Rules Season 11
Tony Bennett and Susan Crow's Love Story Will Fly You to the Moon
Former reverend arrested for 1975 murder of 8-year-old girl
Tom Holland's New Venture Revealed
Megababe Beauty Will Save You From Summer Chafing — Yes, Even There
As East Harlem Waits for Infrastructure Projects to Mitigate Flood Risk, Residents Are Creating Their Own Solutions
Beyoncé's New Perfume Will Have You Feeling Crazy in Love