Indiana football coach Tom Allen agreed to a new seven-year contract until the 2027 season, which will pay him an average salary of $ 4.9 million a year, the school announced on Monday.
Allen, who signed until the 2026 season, had another year added to his contract after Indiana’s appearance at the Gator Bowl. His average annual salary was $ 3.9 million, but will increase $ 1 million in the new deal.
The increases come from Allen’s external marketing and promotion revenue, which is added to $ 500,000 in annual salary and $ 500,000 in deferred compensation.
The Big Ten Coach of the Year 2020 and the national coach of the American Football Coaches Association will earn $ 4.3 million in 2021. His salary will increase by $ 200,000 over the contract, to $ 5.5 million. He will continue to receive an extra year on his contract for each future appearance in the bowl, with a salary of $ 100,000 more than the last year of the deal.
Allen, 50, is 24-22 in Indiana, with consecutive bowl appearances, a record 14-7 since 2019, and an AP vote in 12th place last season. He arrived as a defensive coordinator from Indiana in January 2016 and replaced Kevin Wilson as head coach on December 1 of that year.
If Allen leaves Indiana for another job before December 1, he owes Indiana the rest of the pay. Your purchase then drops to 50% of your remaining earnings for the next year, and then decreases to $ 4 million, $ 3 million, $ 1 million and $ 500,000 in subsequent years.
Indiana owed Allen all of its remaining compensation if it dismissed the coach without cause before December 1, 2024. The school owed Allen 50% of its remaining compensation in the final three years of the agreement, and 100% of its compensation for years added in future contract extensions.
Allen was born in New Castle, Indiana, and was a high school coach for a long time in Florida and Indiana before entering college in 2007.