(BCSNN) — Good news for fans of the Hoosiers, but bad news for those hoping Penn State might've had a shot. Indiana University has locked up head football coach Curt Cignetti with a new eight-year contract that will keep Cignetti in Bloomington through November 30, 2033. The deal carries an average annual compensation of approximately $11.6 million.

Since arriving at IU, Cignetti has led the Hoosiers to unprecedented success. Indiana is 17–2 under his leadership, including an 11–1 mark against Big Ten opponents. He earned National and Big Ten Coach of the Year honors in 2024 after guiding IU to an 11–1 regular season, a runner-up finish in the conference, and the program’s first-ever berth in the College Football Playoff.

"At Indiana University, we are committed to performing at the highest levels in everything we do, and no one has exemplified that more than Coach Cignetti," said Indiana University President Pamela Whitten. "Put simply, Cig is a winner. From last year's College Football Playoff appearance to this year's top-3 national ranking, the IU Football program's success has been tremendous. Curt and Manette Cignetti are home in Indiana and we are delighted that the Cignetti family will be Hoosiers for many years to come."

The Hoosiers have built on that momentum in 2025, opening the season 6–0 overall and 3–0 in Big Ten play. IU’s current No. 3 national ranking is the highest in program history. The team owns top-10 wins this fall over No. 9 Illinois and No. 3 Oregon.

Last weekend’s victory at Oregon marked Indiana’s second-ever win against a top-5 opponent and its first on the road against a top-5 team.

IU’s rise has been matched by growing fan support. The program sold out its final four Big Ten home games in 2024 and has sold out its entire 2025 conference slate.

"We are committed to investing in IU Football in such a way that we can compete at a championship level, and the No. 1 priority in doing that is ensuring that Coach Cignetti is the leader of our program," said IU Vice President and Director of Intercollegiate Athletics Scott Dolson. "His accomplishments during the last season and a half have been nothing short of remarkable. As much as anyone, he believed in what was possible with our program, and he's turned that belief into reality. This is a great day for IU Football and Indiana University. I look forward to working alongside Coach Cignetti for many years to come."

Cignetti’s extension signals Indiana’s long-term commitment to sustaining its football success and competitive standing in the Big Ten.

The Hoosiers return to action Saturday when they host Michigan State at 3:30 p.m. ET at Merchants Bank Field at Memorial Stadium.