Coach Curt Cignetti to INDIANA... Forever and Ever, Amen!

[Hovadipo]

In the words of Rayne Dakota Prescott:

YEAHHHH HERE WE GOOOOOOOO

[Stromboli]

This is awesome! Huge fan base that has just been waiting to be competitive in this great football conference. Way to lock him up!

[Hovadipo]

Mr. Scott Dolson to the entire CFB world on a beautiful autumn Saturday morning. 

[LamarCheeks]

Just the other day, Cigs said on the Dan Patrick Show: "It feels like this is where I'm supposed to be."

We've jumped the gun after football success in the past (some guy named Allen), and the results were disastrous. 

Though Cigs is 63, this doesn't feel so fleeting -- as if it might actually be somewhat sustainable. Let's hope that's the case. 

 

[rayl456]

1 minute ago, LamarCheeks said:

We've jumped the gun with football success in the past (LEO), and the results were disastrous. 

Though Cigs is 63, this doesn't feel so fleeting -- as if it might actually be somewhat sustainable. Let's hope that's the case. 

He’s said he would like to coach ten more years and believes that he can do it.  I have seen nothing to suggest that he can’t and won’t.  LFG!  Thanks, Coach C.  :)

[Demo]

39 minutes ago, Class of '66 Old Fart said:

Osterman just broke story that it’s a done deal to keep Cig.  
https://www.indystar.com/story/sports/college/indiana/2024/11/16/indiana-football-coach-curt-cignetti-agrees-new-contract-extension-raise-10-0-start-iu-hoosiers/76345126007/

 

Can’t imagine the “negotiation” consisted of much more than Dolson handing Cig’s agent a pre-signed contract with maybe 10 blanks and saying, “Yeah, just fill those in and get it back to me.” Dude had more leverage than anyone in the entire history of leverage. 

[sirhoosierlot]

We may actually see a Hoosier football national championship in our lifetimes. This is like a celestial event

[Hovadipo]

Rittenberg reporting “more than double” on annual salary and obviously a big increase to the salary pool. 

[Demo]

Per Rittenhouse the new deal more than doubles Cig’s salary. That would put him over 8 mil, which if you believe On3 puts him in Lanning/James Franklin territory. Honestly, I’m not sure that’s not a bit of a discount. 

[Home Jersey]

[cbp4iu]

https://x.com/indianafootball/status/1857782435372528103?s=46&t=Z5Zx0Nuv1avozlhwzbdycg

[Home Jersey]

I was holding my breath waiting for this news. Wasn’t sure if we’d get it during the bye week and thought we may be in a trouble if it didn’t get announced now or immediately after Purdue game. Great way to start Saturday morning. This is how you win the bye week. 

[Demo]

4 minutes ago, Home Jersey said:

Ok, I need someone to explain this to me: I’ve always understood a retention bonus to be a 1-time shot to incentivize re-upping. Even got an adorably small 1 myself a hundred years ago. But how is an annual retention bonus not just de facto salary?  What purpose does that serve? 

[DChoosier]

2 minutes ago, Demo said:

Ok, I need someone to explain this to me: I’ve always understood a retention bonus to be a 1-time shot to incentivize re-upping. Even got an adorably small 1 myself a hundred years ago. But how is an annual retention bonus not just de facto salary?  What purpose does that serve? 

I was wondering the same thing.

Basically sounds like he is getting 9mm a year.

Maybe we don’t owe the retention 1mm per year if he is fired?

Also, I wonder what his buyout is if someone wants to try to poach him.

[johnsoniu]

Cigs- $8 million

Bye week- 0

He wins again, google it

[Demo]

5 minutes ago, DChoosier said:

Also, I wonder what his buyout is if someone wants to try to poach him.

If you’re doubling his salary and giving him the world after 1 year, the buyout to fire him would be predictably huge, but the buyout for him to walk has gotta be astronomical. Like Jimbo Fisher-level astronomical. I imagine he’s effectively unpoachable. 

[DChoosier]

10 minutes ago, Demo said:

If you’re doubling his salary and giving him the world after 1 year, the buyout to fire him would be predictably huge, but the buyout for him to walk has gotta be astronomical. Like Jimbo Fisher-level astronomical. I imagine he’s effectively unpoachable. 

Yes, you would think so but I’m curious what the actual number is. Sure it will come out shortly.

[NashvilleHoosier]

24 minutes ago, Demo said:

Ok, I need someone to explain this to me: I’ve always understood a retention bonus to be a 1-time shot to incentivize re-upping. Even got an adorably small 1 myself a hundred years ago. But how is an annual retention bonus not just de facto salary?  What purpose does that serve? 

In the real world, I understand a retention bonus to mean if you don’t leave, we pay you this lump sum of money. So if this retention bonus works the same way, the details might be something like each year he’ll be paid $1M on September 1st every year as long has he’s still employed as the IU football coach. In other words, I don’t think it’s added to his salary, we’ll be cutting a $1M check. 

[JSHoosier]

Wow, 8 mil per year. I believe that makes him 3rd in conference behind Day and Franklin.

Hopefully sizable increase in staff salaries and NIL, and details on any stadium upgrades.

[Stuhoo]

40 minutes ago, Demo said:

Ok, I need someone to explain this to me: I’ve always understood a retention bonus to be a 1-time shot to incentivize re-upping. Even got an adorably small 1 myself a hundred years ago. But how is an annual retention bonus not just de facto salary?  What purpose does that serve? 

It’s a de facto salary component.

Im assuming it can be financed differently.