Started By
Message
re: Rumlin
Posted on 9/30/14 at 4:58 pm to dead money
Posted on 9/30/14 at 4:58 pm to dead money
Ferentz was humongous when that contract was signed
Posted on 9/30/14 at 5:12 pm to WestCoastAg
and the amazing thing about it is that it's fully guaranteed through like 2020 so they can't even fire him (which they should).
quote:
Things haven’t always been this bad for Ferentz. Just four years after taking over for Hayden Fry in 1999, Ferentz had built an Iowa team that, from 2002 through 2004, went 31-7 while collecting two Big Ten titles. Things then cooled off for a bit, but after an 11-2 season in 2009, which ended with an Orange Bowl victory over Georgia Tech, Ferentz was rewarded with a massive ten-year, $35 million contract to keep him in Iowa City for the long term.
The first problem that has arisen for Iowa is that Ferentz’s performance has fallen off since signing that new deal. In the four-plus subsequent seasons, Iowa is just 29-25. And the second problem, as I briefly highlighted in a recent story on head coach buyouts, is that Ferentz’s contract just so happens to include one of the costliest buyouts in college football.
If Iowa were to fire Ferentz for convenience, the school would continue to owe him 75% of his annual guaranteed salary for the remaining years in his contract. That might not seem so bad when compared to a coach like Randy Edsall, who is ensured the full value of his contract with Maryland, but Ferentz’s five-plus remaining contract years mean there is a lot of salary left to pay.
This post was edited on 9/30/14 at 5:15 pm
Latest Texas A&M News
Popular
Back to top
Follow SECRant for SEC Football News