Indiana football coach Tom Allen has agreed to a new seven-year contract through the 2027 season, which will pay him an average salary of $ 4.9 million a year, the school announced Monday.
Allen, who was signed through the 2026 season, was added an extra year to his contract after performing at the Gator Bowl in Indiana. His average annual salary was $ 3.9 million, but will increase by $ 1 million in the new agreement.
The increases come from Allen’s outside marketing and promotional income, which adds to $ 500,000 in annual salary and $ 500,000 in deferred compensation.
The 2020 Big Ten Coach of the Year and American Football Coaches Association National Coach of the Year will earn $ 4.3 million in 2021. His salary will increase by $ 200,000 per year over the contract, to $ 5.5 million. He continues to receive an additional year on his contract for each future bowl appearance, at 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 14-7 record since 2019, and a No. 12 AP poll finish last season. He arrived in January 2016 as the Indiana defense coordinator and replaced Kevin Wilson as the head coach on December 1 of that year.
If Allen leaves Indiana for another job before December 1, he would owe Indiana his full remaining compensation. His buyout then drops to 50% of his remaining consideration for the following year, then drops to $ 4 million, $ 3 million, $ 1 million and $ 500,000 in subsequent years.
Indiana would owe Allen all of his remaining compensation if he fired the coach without cause before December 1, 2024. The school would owe Allen 50% of his remaining compensation in the last three years of the agreement, and 100% of his compensation for years. stuck in future contract extensions.
Allen is a resident of New Castle, Indiana, and was a longtime high school coach in Florida and Indiana before entering college in 2007.