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In securing his second long-term expansion to stay Iowa’s soccer coach — Tuesday’s announced transaction totaling $49.5 million over 10 years and taking him v the 2025 season — Ferentz got whatever he can have hoped for.
And athletic director Gary Barta, with new president Bruce Harreld’s blessing, was happy to salary up.
“A great contract moving forward,” Barta said Tuesday.
What Ferentz got: A advanced of virtually $500,000 this season, to $4.5 million, a salary that according to USA this particular day would’ve ranked eighth nationally among FBS coaches in 2015. The contract boosts his salary by $100,000 each year, an interpretation he"s scheduled to make $5.4 million (before bonuses) for the 2025 season. His bonuses would max the end at $2.925 million (including a new one: $500,000 because that every eight-win season).
What Iowa got: Ferentz forever, as long as the routine doesn’t tank. Ferentz, 61, will certainly be 70 when the new deal expires — and the hasn"t ruled out coaching beyond that.
“Signing a long-term contract has risk to it,” Barta said. “But so does no signing a permanent contract.”
Sound familiar? the should. Ferentz and agent Neil Cornrich struck v an expansion to 10 years following the 2009 season, in i beg your pardon Iowa logged a program-record 11 wins.
It’s no coincidence the after a record-setting 12-2 season, Ferentz-Cornrich went back to the bargaining table, convincing Barta to focus an ext on the 2015 breakthrough 보다 the 34-30 mediocrity indigenous 2010 to 2014.
“Obviously, the success of last year perhaps pushed it over the top,” Barta said. “(But) it’s based on the 10 year I’ve worked with him.”
They even got a financially rewarding buyout again, albeit a more complicated one: According come the contract details acquired through a freedom of details Act request, if Iowa wins seven or much more games in each of the next five seasons, Ferentz would get 100 percent of his guarantee pay if he"s fired anytime in between 2021 and 2025.
“If girlfriend don’t have a buyout in a contract, it’s no a irreversible contract,” Barta said. “I don’t typical to downplay that — it’s critical part that the puzzle — but it’s simply one item of the puzzle.”
Kirk Ferentz: Iowa football contract through Jan. 31, 2026
Again, props come Ferentz. It is what you want a an excellent football coach to do during games: Capitalize on momentum.
“We’ve retooled,” Ferentz said of revived assistant-coach stability after losing coordinators share Parker and Ken O’Keefe after the 2011 season. “In mine mind, we’re collection for the 2nd phase the this entirety thing.”
There’s a optimistic vibe around Hawkeye football again, enhanced by the game-changing Iowa Football performance Center. It’s no coincidence the the Hawkeyes’ recruiting class of 2017 can wind up as the second-best in Ferentz’s 18 years here.
I composed in may that Iowa should extend Ferentz v the 2023 season — but to store the buyout in check.
Barta chose to take it it a few steps further, agreeing come 2025.
But why authorize off on an additional gigantic buyout?
“That’s a fair question,” Barta stated after gift reminded that the buyout backlash Iowa received when struggles hit complying with the 2010 extension. “But ns get an adverse attention no matter what ns do.”
He"d far better hope Iowa to win Iowa State top top Saturday.
Not countless athletic directors win battles in today’s lucrative, competitive head-coaching market. In hooking Ferentz through 2025, Barta is saddling the athletic department (which, it must be spicy out, is sustained without windy funding) v potential liability of eight numbers if a coaching change becomes necessary.
Iowa isn"t alone through its generosity buyout terms. Ohio State’s metropolitan Meyer would get a $27.4 million buyout if he were fired between now and also Jan. 31. The initial seven-year contract of Michigan’s Jim Harbaugh, university football’s second-highest paid coach, outlined a nearly 100 percent buyout that his an easy compensation from the school.
And okay side with Barta ~ above this: Iowa has actually for 18 year hit the jackpot in character and class v Ferentz. Not to point out he"s won an ext games (128) together a large Ten coach 보다 all yet seven men, ever.
“If ns were to collection out and look because that a coach with the accomplishments — the worths — that Kirk has,” Barta said, “I would certainly be hard-pressed — in fact, I would argue ns wouldn’t it is in able — to uncover a better fit.”
If Ferentz remains at Iowa until the finish of this deal and averages eight victories a year, he’ll pass Woody Hayes (with his 205 wins at Ohio State) and Bo Schembechler (with his 194 at Michigan) because that No. 2 all-time in the huge Ten.
It no sound choose Ferentz is slow down.
“I"ve never felt better, physically or mentally,” that said. “That"s a huge part of it.”
Ferentz"s new deal was announced the same morning the Hawkeyes increased to No. 10 in the USA today Coaches’ Poll.
Once again, impeccable timing.
Hawkeyes columnist Chad Leistikow has covered sports for 22 years with The Des Moines Register, USA TODAY and also Iowa City Press-Citizen. Monitor
ChadLeistikow ~ above Twitter.
Ferentz through the numbers
Career document at Iowa: 128-87, 18th season
Big Ten Conference championships: two (2002, 2004)
BCS bowl appearances: 3 (2003 Orange; 2010 Orange; 2016 Rose)
Top-10 national finishes: 5 (2002, ’03, ’04, ’09, ’15)
Contract value: Ferentz’s pre-bonuses salary of $4.035 million in 2015 ranked 14th in FBS; his new 2016 salary of $4.5 million would’ve ranked No. 8 (and third in the large Ten, behind Michigan’s Jim Harbaugh ($7 million) and Ohio State’s urban Meyer ($5.86 million)).
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Ferentz"s brand-new contract by year (base plus guaranteed bonuses): $4.5 million in 2016, $4.6 million in 2017, $4.7 million in 2018, $4.8 million in 2019, $4.9 million in 2020, $5 million in 2021, $5.1 million in 2022, $5.2 million in 2023, $5.3 million in 2024, $5.4 million in 2025.