 Scott DochtermanI'm originally from Burlington, and I'm a 1997 Western Illinois University graduate. I've worked in Burlington, Muscatine, Fort Dodge and [...] |
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Orange Bowl visit, No. 7 final ranking worth millions in bonuses, raises to football program
Iowa Coach Kirk Ferentz talks with Iowa Athletics Director Gary Barta before the team's Orange Bowl victory over Georgia Tech on Tuesday, Jan. 5, 2010 at Land Shark Stadium in Miami, Fla. (Brian Ray/The Gazette)
The University of Iowa’s 10-point victory at the Orange Bowl and subsequent No. 7 ranking in the final USA Today Coaches Poll was worth big money to the Iowa football program.
Coach Kirk Ferentz received $500,000 in bonuses for this season, and his assistants’ bonuses and raises for next year totaled more than $750,000.
Here’s the breakdown:
Ferentz’s annual salary is $3.02 million. He also received a $225,000 bonus for finishing in the top 10, a $175,000 bonus for advancing to the Bowl Championship Series, $25,000 for earning the Big Ten Coach of the Year award and $75,000 for his team’s annual graduation rate exceeding 70 percent (it was the second-highest among BCS teams at 74 percent).
Ferentz could earn another $50,000 bonus if he’s named national coach of the year by one of several different entities.
Ferentz’s contract stipulates his nine football assistants, top two strength coaches and director of football operations receive a 13 percent raise for the 2011 fiscal year for finishing in the top 10. Those 12 personnel, plus the quality control administrator, receive a bonus equal to two months’ salary for advancing to a BCS bowl. The bonuses exceed $350,000 and the raises are $273,667 and will grow. Salary figures for the quality control administrator (Scott Southmayd) and director of football operations Paul Federici were not immediately available.
The above football personnel plus the equipment manager, football video coordinator, head football trainer and travel coordinator can share from a $125,000 bonus pool for finishing in the top 10.
Ferentz, his nine football assistants and top two strength coaches made $5.125 million in salary this year. But that pales to the money his football program generates annually. According to financial records Iowa provided to the NCAA, the football program generated more than $38.15 million in revenue (a $12 million profit) during fiscal year 2008. That doesn’t count the department’s $21 million in funding not classified under any specific sport.
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Ferentz Earns $500,000 in Bonuses - CycloneFanatic
on January 8, 2010
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Both the man, and his staff, are worth EVERY SINGLE PENNY.
I'd give him five dollars if he promises never to let Daniel Murray run the ball again…..
(Sorry, Daniel. I couldn't resist.)
USA number 1!!!
Interesting that citizens praise Kirk Ferentz with his $3million salary and bonuses yet cry foul when Rockwell VPs make $2million.
Where is the class arguments here!? Where is the complaints about the rich getting richer?
You meant jog not run right?
Who really cares what a Rockwell VP makes? Good for them, I say. Wish I made $2 million a year. Should have gone into a different field or worked harder in school…The people that are crying foul are the people who lost their drive long, long ago. Everybody cuts their own deal. That being said, I think Ferentz is also worth every penny of his contract. He plays old-school ball on both sides of the lines and really gets the players in the right spot to exploit their strengths — see Dallas Clark, Robert Gallery, Marvin McNutt…etc.
Career rushing yards? 2. Fumbles? 1.
I was reminded of Garo Yepremian trying to throw the ball for the Dolphins back in the 70's. Wow, I'm old!
These colors don't run…kind of like that GT "Triple Option"
It's quite simple actually:
The revenue Kirk adds to the football program and the university is easily worth his salary.
It's highly unlikely that the VPs you speak of give the same bang for the buck.
From the article: "According to financial records Iowa provided to the NCAA, the football program generated more than $38.15 million in revenue (a $12 million profit) during fiscal year 2008."
Interesting. Are the figures for what Iowa will receive from it's bowl game available yet? If I recall, the Big Ten pools all the bowl game revenue and divvies it up amongst its members.
Love it or leave it!!!
According to unofficial figures, the Big Ten teams earned $34.43 million in bowl payouts. Those seven bowl teams had league-allocated spending budgets totaling $11.9 million, which left the schools and league office $22.53 million. It's dispersed equally among the 11 schools and league office, so about $1.88 million goes to each school.
Those figures are unofficial and doesn't count financial losses due to ticket sales, etc.
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