Indiana University released the signed memorandum of understanding for Curt Cignetti’s new eight-year contract that runs through November of 2033.
Here are the details of the deal:
• The eight-year term begins December 1, 2025, and concludes on November 2033.
• The annual base salary for Cignetti is $500,00 with annual outside, marketing and promotional income each year as follows:
– Year 1: $9,650,000
– Year 2: $9,750,000
– Year 3: $9,850,000
– Year 4: $9,950,000
– Year 5: $10,050,000
– Year 6: $10,150,000
– Year 7: $10,250,000
– Year 8: $10,350,000
• Cignetti will receive an annual retention bonus of $1,000,000 paid out yearly on November 30 through 2029.