Coach Curt Cignetti to INDIANA

[rayl456 487]

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 19,725]

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 2,702]

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

[Hovadipo 55,438]

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

[Demo 19,725]

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 6,998]

[cbp4iu 1,431]

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

[Home Jersey 6,998]

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 19,725]

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 8,187]

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 6,340]

Cigs- $8 million

Bye week- 0

He wins again, google it

[Demo 19,725]

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 8,187]

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 3,696]

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 19,984]

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 80,102]

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.

[go iu bb 5,641]

This new contract is great for many reasons.

• It keeps C^3 at IU for the foreseeable future. The guy has shown he's a winner.
• It shows IU is finally serious about football. This helps with:
  • recruiting
  • hiring assistant coaches when the current ones inevitably leave to become HC themselves
  • hiring C^3's replacement when the time comes
  • this, plus winning, will further change the perception about IU football

[go iu bb 5,641]

1 hour ago, LamarCheeks said:

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. 

 

Even when we were winning, I wasn't buying what Allen was selling. No fans at the games and the schedule was even weaker than this year but mainly it was that IU still made tons o mistakes so didn't seem all that well coached.

[Golfman25 5,195]

33 minutes ago, DChoosier said:

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

That’s the key — what is the buyout.  Someone can always pay it. 

[Demo 19,725]

 

Anyone care to do the math on how wrong this comp is?