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Tom Allen buyout: How much Indiana will owe fired head coach
By Andrew Olson
Published:
Tom Allen’s buyout makes Indiana’s coaching change a pricey move.
In the 2020 season shortened by COVID, Allen guided Indiana to a 6-2 record. He signed a new contract in March 2021 that included a fully guaranteed buyout of $20.8 million if fired before Dec. 1, 2023.
Allen’s contract from March 2021 includes a fully guaranteed buyout of $20.8 million, one of the biggest in CFB history, if change made before Dec. 1, 2023. https://t.co/fPRBIvo56F
— Adam Rittenberg (@ESPNRittenberg) November 26, 2023
Allen coached in 3 bowl games for the Hoosiers. His first bowl game came in the 2016 season after Kevin Wilson’s resignation as head coach. Allen would guide Indiana to back-to-back bowl games in 2019-20, posting a 14-7 overall record.
Indiana was unable to continue the success under Allen after 2020. The Hoosiers went 2-10 in 2021, dropping all 9 conference games. Last season, Indiana won 2 conference games, but fell short of bowl eligibility with a 4-8 record. Purdue defeated IU 35-31, giving the Hoosiers a final record of 3-9 on a 3-game losing skid.
Allen, 53, got into coaching in 1992 as a high school defensive coordinator in Florida. He made the jump to the college ranks in 2007. Allen’s stops before joining the Indiana staff include Arkansas State, Ole Miss and South Florida.
Indiana’s record in Allen’s tenure was 33-49 overall, with an 18-43 mark in B1G play.
A former Florida beat reporter, Andrew writes for the Saturday Tradition News Desk.