Kirk Ferentz agrees to 10 year extension.....at over 3.5 million per year!!
The University of Iowa made sure to prove their loyalty to head football coach Kirk Ferentz prior to the start of the 2010 season.
In a recent press release, the University announced an extension that puts Ferentz under contract with Iowa through the 2020 college football season.
"I've said publicly, and privately to Kirk, that it would be my goal to have him retire at Iowa," said Athletic Director Gary Barta. "This contract is a statement supporting that commitment."
Ferentz will earn $3,675,000 annually, an increase of $330,000. As a part of the contract, he also receives longevity compensation that starts at $325,000 and increases every year.
With the extension, he becomes the Big Ten's highest-paid coach.
"I am grateful to the University of Iowa and thrilled to begin my 12th season as head coach and 21st overall with this world class institution," Ferentz stated in the release. "The coaching staff, players and I are looking forward to competing this season."
Ferentz also served as offensive line coach under legendary head coach Hayden Fry from 1981 to 1989.
The Iowa football coach ranks second in years of service among Big Ten Conference head football coaches, behind only Penn State's Joe Paterno. He has won the Big Ten Coach of the Year award three times,as well as the Associated Press National Coach of the Year in 2002. According to the press release, the Hawkeyes have been bowl eligible in each of the last nine seasons. They are also one of eight programs in the nation to compete in six January bowl games in the last eight seasons.
Ferentz isn't just good for the football program and University, he is also good for the local economy.
According to a recent study released by the Iowa City/Coralville Area Convention and Visitors Bureau (CVB), the economic impact of a seven-game home game schedule of the University of Iowa football program on Johnson County exceeds $100 million.
As ESPN's Adam Rittenberg says, "Smart move by Iowa."
In a recent press release, the University announced an extension that puts Ferentz under contract with Iowa through the 2020 college football season.
"I've said publicly, and privately to Kirk, that it would be my goal to have him retire at Iowa," said Athletic Director Gary Barta. "This contract is a statement supporting that commitment."
Ferentz will earn $3,675,000 annually, an increase of $330,000. As a part of the contract, he also receives longevity compensation that starts at $325,000 and increases every year.
With the extension, he becomes the Big Ten's highest-paid coach.
"I am grateful to the University of Iowa and thrilled to begin my 12th season as head coach and 21st overall with this world class institution," Ferentz stated in the release. "The coaching staff, players and I are looking forward to competing this season."
Ferentz also served as offensive line coach under legendary head coach Hayden Fry from 1981 to 1989.
The Iowa football coach ranks second in years of service among Big Ten Conference head football coaches, behind only Penn State's Joe Paterno. He has won the Big Ten Coach of the Year award three times,as well as the Associated Press National Coach of the Year in 2002. According to the press release, the Hawkeyes have been bowl eligible in each of the last nine seasons. They are also one of eight programs in the nation to compete in six January bowl games in the last eight seasons.
Ferentz isn't just good for the football program and University, he is also good for the local economy.
According to a recent study released by the Iowa City/Coralville Area Convention and Visitors Bureau (CVB), the economic impact of a seven-game home game schedule of the University of Iowa football program on Johnson County exceeds $100 million.
As ESPN's Adam Rittenberg says, "Smart move by Iowa."