Just two years into his tenure at Indiana, Curt Cignetti has earned himself another pricey deal.

Cignetti and Indiana have agreed to an eight-year, $92.8 million deal that will make him one of the highest-paid coaches in college football, the school announced Thursday. Cignetti will be paid $11.6 million annually, with the contract running through Nov. 30, 2033. Cignetti’s $11.6 million salary only trails Georgia’s Kirby Smart ($13.003 million) and Ohio State’s Ryan Day for the highest coaching salaries in college football. 

In his first two seasons in Bloomington, Cignetti has helped spearhead one of the more remarkable turnarounds in college football history. The Hoosiers went 11-2 in 2024, reaching the College Football Playoff before losing to Notre Dame in the first round. This year, Indiana has gotten out to a 6-0 start, with its upset win at Oregon in Week 7 helping the program receive its highest ranking ever in the AP Poll (No. 3).

The extension also comes as Cignetti was rumored to be a candidate to replace James Franklin at Penn State. Indiana’s Big Ten rival fired Franklin on Sunday. 

This is a developing story and will be updated.