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iowajerms
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Iowa's Kirk Ferentz has new deal
This source says through 2025. Some others say through 2026.
Here's a little bit from the link above:
And then Tuesday, Iowa announced it had reached an agreement with Ferentz on a contract extension. The deal will go through the 2025 season and pay Ferentz $4.5 million a year.
No other contract details were available Tuesday. After the 2014 season, when the Hawkeyes, ranked No. 10 in the USA Today coaches poll on Tuesday, finished 7-6, Iowa experienced a 17 percent drop in season ticket sales. The contract Ferentz and Iowa struck in 2010 had an extremely favorable buyout clause for Ferentz, stating if he were fired without cause the UI would pay 75 percent of his annual guaranteed amount.
That fact launched a “buyout-o-meter” around the internet. After any bad loss, there was a sea of tweets and posts that stated how much the buyout would be if Iowa decided to cut ties.
The buyout was a big topic when Barta talked about the new deal during a Tuesday news conference. Barta said the buyout is similar to the old contract.
But, before you tweet that the “buyout-o-meter” is now $30 million and change, let Barta explain his reasons.
“I said a year ago, prior to the season, that my decision to stay the course with Kirk was based on all of the values and all of the past experiences and not based on the buyout,” Barta said. “The buyout is something we could’ve done financially, but I chose to stay with him because of who he is and he had done.”
This source says through 2025. Some others say through 2026.
Here's a little bit from the link above:
And then Tuesday, Iowa announced it had reached an agreement with Ferentz on a contract extension. The deal will go through the 2025 season and pay Ferentz $4.5 million a year.
No other contract details were available Tuesday. After the 2014 season, when the Hawkeyes, ranked No. 10 in the USA Today coaches poll on Tuesday, finished 7-6, Iowa experienced a 17 percent drop in season ticket sales. The contract Ferentz and Iowa struck in 2010 had an extremely favorable buyout clause for Ferentz, stating if he were fired without cause the UI would pay 75 percent of his annual guaranteed amount.
That fact launched a “buyout-o-meter” around the internet. After any bad loss, there was a sea of tweets and posts that stated how much the buyout would be if Iowa decided to cut ties.
The buyout was a big topic when Barta talked about the new deal during a Tuesday news conference. Barta said the buyout is similar to the old contract.
But, before you tweet that the “buyout-o-meter” is now $30 million and change, let Barta explain his reasons.
“I said a year ago, prior to the season, that my decision to stay the course with Kirk was based on all of the values and all of the past experiences and not based on the buyout,” Barta said. “The buyout is something we could’ve done financially, but I chose to stay with him because of who he is and he had done.”