BLOOMINGTON – Forgoing the original terms of the buyout built into a contract amendment signed in 2021, Tom Allen agreed to reduce the amount Indiana owes him by more than $5 million in exchange for more immediate payment terms.
According to a news release from the school Sunday afternoon formally announcing Allen’s departure after seven years as Indiana’s football coach, the university confirmed Allen will receive $15.5 million across two equal installments ($7.75 million each) in a financial settlement. Initially the buyout was $20.4 million. He will instead receive one installment this year and the other in 2024. Allen will […]
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