Dan Lanning contract details released: 6 years, $29.1 Million
The contract details for new Oregon Ducks head coach Dan Lanning have been released.
Lanning’s total deal runs for six years and $29.1 Million, through the 2028 season.
He will make $4.6 Million in base salary in his first season. From there, there are $100,000 increases annually in the contract.
Lanning’s $4.6 Million base salary in year one is slightly greater than what Mario Cristobal was slated to make in his existing contract with the Ducks, which was $4.4 Million.
That starting compensation puts Lanning fifth among Pac-12 head coaches, and 27th nationally.
Should Lanning want to leave Oregon before finishing out his contract, AD Rob Mullens included significant buyout terms. The buyout Lanning would be on the hook for is $14 Million through Jan. 31, 2023, basically his first season on the job. Starting in year two, the buyout drops to $10 Million, then becomes $7 Million in year three, $3 Million in year four, $2 Million in year five, and $1 Million in year six.
There also are financial incentives for Lanning to guide the Ducks to the College Football Playoff. An appearance in the semifinals of the CFP ushers in a $250,000 bonus. An appearance in the CFP National Championship Game brings an additional $500,000 bonus. A victory in the CFP National Championship Game, bringing Oregon its first national title in college football, adds another $500,000 in bonus compensation.
Lanning would earn a $150,000 bonus for guiding Oregon to any of the other New Year’s Six bowl games not included in that season’s College Football Playoff. He would also earn $100,000 to reach any bowl game in a season where the Ducks won at least seven regular season games.
A victory in the Pac-12 Championship Game would bring a $150,000 bonus, a North division title is $100,000. If Lanning wins AP or Walter Camp Coach of the Year he would earn a $50,000 bonus, and winning Pac-12 Coach of the Year is $25,000.
There are regular season benchmarks, too: A ninth regular-season victory brings a $100,000 bonus, while a tenth, eleventh, or twelfth regular season win would each be worth an additional $200,000 bonus.
For academic benchmarks, Lanning has a $100,000 bonus at stake for a single-year team APR (Academic Progress Rate) of 985.
Dan The Man’s new contract 🤑💰 pic.twitter.com/ZUAJOSXx0t
— Barstool Ducks (@BarstoolDucks) December 14, 2021