Curt Cignetti awards Indiana Bowl-eligible millions

Indiana football coach Curt Cignetti’s first season with the Hoosiers is off to a multimillion-dollar start.

The Hoosiers’ 41-24 win Saturday at Northwestern improved their record to 6-0, continuing their best start to a season since 1967 and making them the first college football team to qualify for a bowl game this season .

Assuming they pull off such a performance, Cignetti’s contract with Indiana calls for a number of incentives to take effect:

▶An automatic one-year contract extension and a $250,000 salary increase beginning at the start of his next contract year, December 1, 2024.

The increase means the additional year on the contract is now set to be worth $5.1 million and adds at least $3.3 million in guaranteed value to the deal, which would run through Nov. 30, 2030.

▶A bonus of $200,000 to be paid after this season.

▶An increase of $500,000 over the current budget for Indiana football assistant coaches, strength coaches and operations staff beginning January 1, 2025. (This season, each assistant will now receive a bonus equal to 10% of their respective base salaries.)

That’s a significant sum for Cignetti, who made just over $555,000 last season as James Madison’s head coach, not including a $120,000 retainer payment he didn’t receive because he signed with Indiana in December 2022.

Cignetti’s contract with Indiana was originally for six seasons and had a projected value of $27 million.

The agreement includes a number of other possible bonuses that would total $3.3 million in a best-case scenario. For example, since the Hoosiers are now 3-0 in Big Ten play, Cignetti would pocket another $100,000 if they picked up two more conference wins. If they finish in the top six in the conference standings, he would receive an additional $250,000.

Curt Cignetti awards Indiana Bowl-eligible millions

ByJasper

By Jasper

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