Indiana football coach Tom Allen has agreed to a new seven-year contract through the 2027 season that will pay him an average salary of $ 4.9 million per year, the school announced Monday.
Allen, who signed through the 2026 season, had an additional year added to his contract after Indiana’s appearance in the Gator Bowl. Their median annual salary had been $ 3.9 million, but it will increase by $ 1 million in the new deal.
The increases come from Allen’s outside marketing and promotional income, which is added to $ 500,000 in annual salary and $ 500,000 in deferred compensation.
The 2020 Big Ten Coach of the Year and the American Football Coaches Association National Coach of the Year will earn $ 4.3 million in 2021. Their salary will increase by $ 200,000 per year throughout the contract, topping $ 5.5 million. . He will continue to receive an additional year on his contract for each future bowl appearance, at $ 100,000 more salary than the last year of the deal.
Allen, 50, is 24-22 at Indiana with back-to-back bowl appearances, a 14-7 record since 2019 and a 12th spot in the AP poll last season. He arrived as Indiana’s defensive coordinator 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 remaining full compensation. Your purchase then drops to 50% of your remaining compensation for the next year, and then decreases to $ 4 million, $ 3 million, $ 1 million, and $ 500,000 in subsequent years.
Indiana will owe Allen all of his remaining compensation if he fires the coach without cause before December 1, 2024. The school owes Allen 50% of his remaining compensation in the last three years of the agreement, and 100% of his compensation for years added in future contract extensions.
Allen hails from New Castle, Indiana, and was a longtime high school coach in Florida and Indiana before entering college in 2007.