Curt Cignetti, born on June 2, 1961, is a prominent figure in American football. His career journey spans from being a former quarterback to becoming a highly respected football coach. Cignetti has left an indelible mark on the sport, having previously held coaching positions at esteemed institutions such as the James Madison Dukes, Elon Phoenix, and the IUP Crimson Hawks. His latest venture led him to assume the position of Head Football Coach at Indiana University, a role he took on November 30, 2023.
Curt Cignetti's Net Worth
Cignetti's financial success is evident in his estimated net worth. Initially earning $425,000 annually for the first three seasons and $621,008 for the 2022 season, his net worth over four years likely surpassed $1.8 million to $1.9 million. This estimation excludes any potential bonuses received during this period. However, considering possible bonuses, it's plausible that his earnings exceeded $2 million.
As of 2024, Curt Cignetti's net worth stands at an impressive $7 million, a testament to his prosperous career trajectory within the football industry.
Curt Cignetti Salary
Curt Cignetti has a base salary of $500,000 as part of his six-year contract valued at $27 million, which is effective from 2024 and extends until November 30, 2029. The agreement stipulates that while his base salary remains at $500,000, the remainder of his annual compensation will be derived from Outside Marketing and Promotional Income (OMPI). In his inaugural year, he is set to receive a total compensation package of $4 million, comprising the base salary along with an additional $3.5 million. Furthermore, this total compensation will increase by $100,000 each subsequent year throughout the duration of the contract.
Curt Cignetti Contract Details
Cignetti's contract is structured to provide clarity regarding various aspects, including termination clauses and potential bonuses. In case of termination without cause, the buyout compensation is outlined as follows:
$20 million (on or before Nov. 30, 2024)
$17 million (on or before Nov. 30, 2025)
$14 million (on or before Nov. 30, 2026)
$9 million (on or before Nov. 30, 2027)
$6 million (on or before Nov. 30, 2028)
$3 million (on or before Nov. 30, 2029)
Should Cignetti choose to resign prematurely, he would owe Indiana University the following compensation:
$8 million (on or before Nov. 30, 2024)
$6 million (on or before Nov. 30, 2025)
$4 million (on or before Nov. 30, 2026)
$2 million (on or before Nov. 30, 2027)
$1 million (on or before Nov. 30, 2028)
$1 million (on or before Nov. 30, 2029)
His contract is rich with incentives and bonuses, including:
A $250,000 retention bonus annually
Bonuses for achieving 6-win seasons or better, a top-6 finish in the Big Ten, bowl appearances, bowl wins, and recognition as the Big Ten Coach of the Year.
An evergreen clause triggering a one-year extension for each bowl appearance, along with increases to OMP compensation and the coaching staff budget.
FAQs on Curt Cignetti
A. Curt Cignetti is currently serving as the Head Football Coach at Indiana University, a role he assumed on November 30, 2023.
A. In case of termination without cause, the buyout compensation varies from $20 million to $3 million, depending on the timing. If Cignetti resigns, the owed compensation ranges from $8 million to $1 million based on the departure date.
A. Yes, he is married to Manette Lawer and has three children.
A. Curt Cignetti's annual base salary stands at $500,000, which is supplemented by additional income from outside, marketing, and promotional endeavors.
