Indiana University has officially made significant financial commitments to its football coordinators, Bryant Haines and Mike Shanahan, solidifying their standing among the highest-paid coaches in college football.
Details of Haines’ New Deal
Bryant Haines has signed a new three-year contract, effective December 1. By year two, his earnings will surpass $3 million, positioning him among the top-earning coordinators. According to reports, only Penn State’s defensive coordinator exceeds him in payment.
Haines’ Salary Breakdown
- Base Salary: $450,000 per year
- Annual Retention Bonus: $75,000
- Promotional Income:
- Year 1: $2,400,000
- Year 2: $2,500,000
- Year 3: $2,600,000
Shanahan’s Contract Terms
Mike Shanahan has also secured a three-year deal with favorable terms. By the end of his contract, he is expected to approach $2 million in total compensation.
Shanahan’s Salary Breakdown
- Base Salary: $450,000 per year
- Annual Retention Bonus: $100,000
- Promotional Income:
- Year 1: $1,150,000
- Year 2: $1,250,000
- Year 3: $1,350,000
Performance Bonuses
Both coaches’ contracts include substantial performance bonuses based on team achievements. The following is a detailed breakdown:
- Bowl Game Appearance: 10% of Base Salary
- Nine Wins in a Season: 12% of Base Salary
- Ten Wins in a Season: 15% of Base Salary
- Eleven Wins in a Season: 20% of Base Salary
- Big Ten Championship Game Appearance: 20% of Base Salary
- Win the Big Ten Championship: 25% of Base Salary
- CFP Game Appearance: 30% of Base Salary
- Advance to Second Round of CFP: 35% of Base Salary
- Advance to Third Round of CFP: 40% of Base Salary
- CFP National Championship Appearance: 45% of Base Salary
- Win the CFP National Championship: 50% of Base Salary
These bonuses are not cumulative, meaning only the highest applicable bonus will apply at the end of the season. The contracts also contain standard buyout clauses, which increase if either coach takes a position at another Big Ten school.
This strategic financial planning underscores Indiana’s commitment to enhancing its football program under the leadership of Haines and Shanahan.
