Indiana women’s coach owes whopping $10M if she leaves for Purdue
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 women’s basketball contract is particularly unusual.
If Moren resigned April 1, 2024, she would owe $550,000, even though her contract, which pays her $1.25 million annually and makes her the eighthhighest paid women’s coach this season, runs through March 2029.
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 $10 million. Seriously.
“When (former athletic 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.