Indiana soccer coach Tom Allen has agreed to a brand new seven-year contract via the 2027 season that may pay him a median wage of $4.9 million per yr, the college introduced Monday.
Allen, who was signed via the 2026 season, had a further yr added to his contract after Indiana’s Gator Bowl look. His common annual wage had been $3.9 million however will climb by $1 million within the new settlement.
The will increase are available in Allen’s outdoors advertising and promotion earnings, which is added to $500,000 in annual wage and $500,000 in deferred compensation.
The 2020 Huge Ten Coach of the 12 months and American Soccer Coaches Affiliation nationwide coach of the yr will make $4.3 million in 2021. His wage will improve by $200,000 per yr all through the contract, topping out at $5.5 million. He’ll proceed to obtain an additional yr on his contract for each future bowl look, at a wage of $100,000 greater than the ultimate yr of the settlement.
Allen, 50, is 24-22 at Indiana with consecutive bowl appearances, a 14-7 report since 2019, and a No. 12 AP ballot end final season. He arrived as Indiana’s defensive coordinator in January 2016 and changed Kevin Wilson as head coach on Dec. 1 of that yr.
If Allen leaves Indiana for an additional job earlier than Dec. 1, he would owe Indiana his full remaining compensation. His buyout then drops to 50% of his remaining compensation for the subsequent yr, after which decreases to $4 million, $3 million, $1 million and $500,000 in subsequent years.
Indiana would owe Allen all of his remaining compensation if it fires the coach with out trigger earlier than Dec. 1, 2024. The varsity would owe Allen 50% of his remaining compensation within the closing three years of the settlement, and 100% of his compensation for years tacked on in future contract extensions.
Allen is a local of New Fort, Indiana, and was a longtime highschool coach in Florida and Indiana earlier than coming into the school ranks in 2007.