The Daily Hoosier can confirm multiple Friday reports — Indiana and Curt Cignetti have once again reached new contract terms.
The latest deal increases Cignetti’s average annual salary to $13.2 million per year, and appears to come as a result of a “Good Faith Market Review” clause in his prior deal that requires IU and Cignetti to negotiate new terms that keep him among the three-highest paid college football coaches each time Indiana makes the College Football Playoff semifinals.
Based on recent reporting, only Georgia’s Kirby Smart and LSU’s Lane Kiffin have deals with an average salary at or in excess of $13 million.
Cignetti and IU had just signed a new deal in October with average annual compensation of $11.6 million.
Cignetti’s deal with IU continues to run through 2033. He is 27-2 at Indiana, which won its first national title in January, and its first outright Big Ten title since 1945.
After Indiana announced his October deal, the 64-year-old Cignetti said he planned on retiring at the school.
The Indy Star appears to be the first outlet to have reported the news.
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