Source: Cignetti’s average salary is now $13.2 million through 2033

After leading Indiana to a national title, coach Curt Cignetti has finalized a contract with the school that will pay him an average of $13.2 million through the 2033 season, a source confirmed to ESPN.

The length of Cignetti’s contract will not change, but his salary will increase by $11.6 million annually.

Indiana announced a new deal with Cignetti in October, but it included a “good faith market review” that would be triggered if the Hoosiers reached the College Football Playoff semifinals, which they achieved after their Jan. 1 win over Alabama in the Rose Bowl. The review required that the two sides meet within 120 days after the CFP semifinals and adjust Cignetti’s salary to rank at least third among active coaches, according to the term sheet.

The $13.2 million annual salary puts Cignetti alongside Georgia’s Kirby Smart and new LSU coach Lane Kiffin as the only coaches to earn at least $13 million nationally. Cignetti’s contract has been revised three times in two seasons, arriving in late 2023 on a six-year, $27 million deal.

Cignetti is 27-2 at Indiana State, which won its first national title in 2025 and its first Big Ten title since 1945.

After Indiana announced his new contract in October, Cignetti, 64, said he planned to retire from the school.

“I couldn’t be prouder to be a Hoosier,” Cignetti said. “The way this state embraced us and our success in football meant more to me than anything else.”

The agreement announced in October raised Cignetti’s buyout to $15 million if he left for another job, and would pay him his full remaining salary if he was fired without cause. Indiana also awarded new multi-year contracts to coordinators Mike Shanahan (offense) and Bryant Haines (defense), who last week won the Broyles Award as the nation’s top assistant.

“We’re all in and we’re going to continue to invest and make sure our priorities are aligned,” athletic director Scott Dolson told ESPN in October. “(Cignetti) is the No. 1 priority, so they retain our staff and have the resources to build the roster.”

The Indianapolis Star first reported the terms of Cignetti’s latest contract.