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Iowa State University officials and football
coach Paul Rhoads finally signed the coach’s
new contract the other day and sent it out to
anyone who asked. Cityview asked.
How does the coach’s deal compare with that
of the University of Iowa’s Kirk Ferentz?
Here’s how:
SALARY
In the 2012-2013 year, Rhoads gets a base of
$375,000 a year, and that will remain the base
through 2021, when the contract expires. Ferentz
gets a base in the coming year of $1,970,000,
and that will increase to $2,070,000 from 2014
until Jan. 31, 2020, when his contract expires.
Each gets the usual benefits of a university
employee. Virtually all university employees
are in the TIAA-CREF retirement system, and
at the moment the schools annually contribute
10 percent of an employee’s salary to the fund;
the employee can add another 5 percent. That
means that Iowa State is locked into a $37,500
pension contribution while Iowa is putting in
roughly $200,000 a year.
SUPPLEMENTAL COMPENSATION
Rhoads is guaranteed another $1,225,000 a year
in extra pay this year, and that number will
go up $100,000 each year of his contract — to
$2,100,000 by the end of his contract. Rhoads
also gets “retention payments” of $300,000 if
he’s still employed in 2015 and another $300,000
if he’s still employed on March 1, 2018. Ferentz
gets $1,480,000 each year in extra pay, and
an additional amount — a longevity bonus — of
$375,000 this year, $425,000 next year, $475,000
in 2014 and $525,000 every year after that.
So, regardless of how their teams are performing,
in the year 2018 Rhoads is guaranteed pay of
at least $2.5 million. In that same year — and
even if his team doesn’t win a game — Ferentz
is guaranteed at least $4,075,000.
BONUSES FOR WINNING
Rhoads gets $200,000 a year extra in any year
that the Cyclones win seven or more regular-season
football games. Ferentz has no such deal. Rhoads
gets $250,000 every time Iowa State wins or
ties for the Big 12 title, $100,000 every time
he takes the team to a bowl game and another
$100,000 every time the team finishes in the
top 25 in the final USA Today or Associated
Press poll. He would get $250,000 if Iowa State
won the national championship game and $25,000
if he is named the Big 12 Coach of the Year
or the National Coach of the Year. Ferentz gets
$1 million if Iowa is the national champion,
$500,000 if it’s the runner-up, $350,000 if
it’s in the top five, $250,000 in the top 10,
$175,000 in the top 15, $150,000 in the top
20 and $125,000 in the top 25. He also gets
$250,000 if the Hawkeyes win the Big Ten title
and $175,000 if they tie for it. He gets $100,000
for going to any bowl and $250,000 if it’s a
Bowl Championship Series bowl. He gets $50,000
if he’s the Big Ten Coach of the Year and $100,000
if he wins any of at least 14 national coaching
awards.
BONUS FOR GRADUATION RATE
Ferentz gets $100,000 each year the graduation
rate is more than 70 percent. The contract doesn’t
say, but presumably that’s a six-year graduation
rate. There’s no such clause in Rhoads’ contract.
PAY FOR ASSISTANT COACHES
Ferentz’ contract provides for annual raises
in the base pay of his assistants ranging from
8 percent (in any season when the Hawkeyes win
six games and go to a bowl) up a sliding scale
to 20 percent if they are national champions.
The assistants also get bonuses of one month’s
salary if Iowa goes to any bowl game, 1.75 month’s
salary if it’s a major bowl, 2.5 months’ salary
if it’s the Rose Bowl or any other BCS bowl,
and three months’ salary if it’s the national
championship game. They also get a month’s salary
if Iowa wins the Big 10. There’s also a bonus
pool of up to $200,000 the assistants can share
if the team ends up nationally ranked. There
are no guarantees for the assistants in Rhoads’
contract.
CARS
Ferentz gets two, Rhoads gets one. Ferentz
also gets personal use of a private jet for
35 hours a year. Rhoads walks.
TERMINATION BY UNIVERSITY
Each coach can be fired for cause. “Cause”
does not include having a string of losing teams
or, in the words of Rhoads’ contact, “win-loss
record or public unhappiness with win-loss record.”
If Ferentz is fired for other than cause, he
gets 75 percent of the annual guaranteed amount
of compensation for each year remaining in the
contract. If Rhoads is fired without cause,
he collects $750,000 for each year remaining
in his contract plus the two $300,000 retention
payments if they haven’t already been paid.
TERMINATION BY COACH
Ferentz apparently can walk away from his job
at any time, with no penalty. The contract does
not even address the issue. Rhoads can walk
away, but at a price. If he left to be head
coach at another Division I school or an NFL
team, he’d have to reimburse the university
any money it owed on the contracts of any assistant
coach who left or was fired when he left, up
to a maximum of $1 million.
Steve Leath, the new president of Iowa State
University, makes $515,000 a year. Sally Mason,
the president of the University of Iowa, makes
about the same. ...
Charles Lavorato is a lawyer and Catholic, and,
he says, “I truly respect and attempt to follow
the teaching authority of the Catholic Church.
It is a beautiful religion; its teachings are
tolerant and truly reflect Christ’s edict to
love your fellow man as yourself. No one can
challenge the good the Church does around the
world.”
Still, he just sent a long and blistering email
to Bishop Richard E. Pates, objecting to remarks
from the pulpit by St. Anthony Church Vicar
Guthrie Dolan and to a pastoral letter from
Pates about the birth-control/insurance fight
now raging, a letter in which Pates refers to
birth-control as immoral.
Some excerpts:
“I find it curious that a bunch of white men
who have no concept of married life or what
it takes to raise children think they have the
right to tell families what is right or wrong
in a sphere they know nothing about. How many
kids are enough — 12, 11, 10, 9, 8, 7....? Do
you have any concept about the costs of raising
and educating children? Tell you what, put your
money where your mouth is — write another pastoral
letter letting your flock know that no matter
how many children they produce, the Des Moines
Diocese stands ready, willing and able to provide
financial assistance to rear and educate those
children; those who cannot afford to attend
Dowling Catholic or Council Bluffs St. Albert,
can attend free of charge, no strings attached
— no matter how many children are in the family.
You can talk the talk, but will you walk the
walk?”
And:
“The mendacity shown in your pastoral letter
is breathtaking. Sir I challenge you to tell
the truth; if you want to debate the matter,
fine — but do it with facts and not fairy tales.
I find it appalling that you would use your
moral authority to scare and to fill with guilt
truly devout and sincere Catholics….
“Finally, and this is not a threat, but a fact,
the next time young Mr. Dolan starts to preach
politics as opposed to religion, I will file
a complaint with the IRS contesting the tax
exempt status of St. Anthony’s Catholic Church
and the Diocese of Des Moines. I might fail,
but the ensuing bad publicity is something you
may want to avoid — given the Church’s preoccupation
with not scandalizing the faithful (e.g. Not
reporting clergy sex abuse to keep it out of
the news).” …
Moving right along...
Exclusive!!! (If it’s right. Forget you read
it here if it’s wrong.) Two real-estate people,
who usually know what they’re talking about,
tell Skinny that The Des Moines Register is
looking hard at moving its operations a block-and-a-half
east, to the now-empty Ruan 2 building. ...
Another exclusive!!!! (Maybe, unless it was
in the Register and we missed it.) Lou and Heather,
late of KGGO radio, are taking their act to
TV. They’ll be on KCWI-23 from 6 a.m. to 9 a.m.
weekdays. Or so a guy tells Skinny. . .
Back to coaches. Iowa State basketball coach
Fred Hoiberg this week was named co-coach of
the year for the Big 12, but his contract gives
him nothing for that. But he’ll get $25,000
if Iowa State goes to the NCAA and $25,000 for
each game he wins in the NCAA tournament. Assuming…
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