Not far, to be sure, but a year ago , KF boasted an annual salary of $4.7 million. Ferentz's contract is unusual, in that his head-coaching contract folds in assistant-coach/staff bonus money and annual pay raises based on performance and are doled out at his discretion, with athletic director approval. Iowa averaged 6,797 fans in its 17 home games, a 24.7% increase from last season. In men’s basketball, Fran McCaffery’s total contract value shot up by $2.15 million as a result of the Hawkeyes' 23-12 season. “If they wouldn’t have occurred, we would have invested some of that money elsewhere. “So, it’s not like we have to find all new (money). Iowa athletics director Gary Barta told the Register that those staggering numbers are mostly accounted for in current and future budgets. But so is Iowa athletics' annual operating revenue, which was $137.1 million during the 2017-18 school year, according to the school's January filings with the NCAA. Additionally, Iowa’s run to the Elite Eight was worth a 15% raise for Bluder — elevating her base pay to $653,531 next season, an $85,243 increase. Men’s and women’s basketball — Lisa had incredible success; Fran brought us back to the tournament and was a breath away from the Sweet 16.”. $1,024,000 in bonus pay for assistant coaches/staff, $5,525,000 in total pay for Ferentz alone in 2018-19. $900,000 as consideration for radio/TV, speaking appearances, apparel and camps. $25,000, national coach of the year (Naismith). That seventh win converted his 2023 buyout amount from half of his base plus supplemental pay to 100%. $1,093,288 total pay for 2018-19 season — Includes a $150,000 longevity bonus to be paid June 30 and $115,000 from shoes/apparel/camps. $85,000 for a top-25 final ranking; and $125,000 for other staff members for reaching seven wins and bowl participation. But under the terms of a contract extension he signed in November 2017, the Hawkeyes’ qualification for the NCAA Tournament triggered a new pay schedule over the life of McCaffery’s contract that begins with a $400,000 raise next season, rather than the scheduled $50,000 … The Register's Chad Leistikow, in conjunction with USA TODAY's Steve Berkowitz, took a closer look at the current-year bonuses and future obligations for the Iowa athletics department. A big budget bite comes from the Hawkeyes playing in a bowl game with a $3 million-plus payout — which triggered a bonus pool of $814,000 (1.75 months' salary) to be distributed to the 10 on-field assistants, two strength coaches and the director of operations. Iowa ranked No. More:Iowa State coaches' bowl and basketball postseason bonus windfall is more than $300,000. Four supplemental payments of $370,000 each, $50,000, 65% win rate or better (29-7 record, 80.6%). 18 nationally in USA TODAY Sports’ most recent database for the 2016-17 school year, with $130.7 million in revenue, but that was before an eight-figure annual boost in media-rights distributions that will help Iowa absorb the additional bonuses and pay raises. Iowa’s Big Ten Conference tournament win plus an NCAA Tournament berth each triggered a one-year contract rollover; a two-year extension that takes her deal through the 2024-25 season. But let’s quickly examine some of the big-picture achievements and resulting contract payouts that happened. We may have to come up with a little more, though, just because of some really great success. Future guaranteed income (before bonuses): © 2020 www.hawkcentral.com. Football wins a bowl game and wins nine games. Kirk Ferentz, under the terms of a contract extension he signed in September 2016, pocketed $825,000 in performance bonuses for Iowa’s Outback Bowl-winning season. A more detailed look at the numbers is attached to this story. What the Hawkeyes' success means for coaching pay, $814,000 for reaching a bowl game with a $3 million-plus payout (Outback Bowl), equivalent to 1.75 months' salary. Meanwhile, women’s basketball coach Lisa Bluder topped $1 million in total pay after a wildly successful season for the Megan Gustafson-led Hawkeyes. Only four FBS programs nationally won a football bowl game and won an NCAA Tournament game in men’s and women’s basketball: Baylor, Kentucky, Oregon — and Iowa. Which is a great problem to have.”. Subscribe to the Register. “She doesn’t technically have a lifetime contract, but I anticipate — and I hope it works out — that she’ll end up retiring at Iowa.”. The ninth-year Iowa coach will likely push $2.5 million in pay this season after his final bonuses are calculated. In that sense, Barta said, many different outcomes are planned for and (mostly) accounted for. “We expected some of these successes,” Barta said. “I view (Bluder) very similar to the way I view Kirk in terms of longevity,” Barta said. A 10% increase in assistant-coach pay was triggered under the terms of head coach Kirk Ferentz's contract after the 2018 Hawkeyes achieved a final top-25 … “But looking back, it’s been a heck of a year. Barta said women’s basketball bonus pay was an area “that maybe wasn’t budgeted,” but it should be noted that Iowa had strong attendance figures that should help the bottom line. Overall, the dollar figures are substantial. Additionally, Ferentz increased his fired-without-cause buyout by $2.275 million (to a total of $19.8 million for the final seven years of his contract, which expires Jan. 31, 2026) once the Hawkeyes beat Illinois on Nov. 17. (*—Does not include up to $100,000 in academic incentives, to be determined this spring; McCaffery earned $75,000 in this category last year. So are we. Throw in more than $2.8 million in raises achieved by the contract terms of all three head coaches, and the price tag tops $5 million. For the year, his total pay reached $5.525 million, the highest of his 20-year tenure.
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