Ferentz signs contract extension
Kirk Ferentz will officially lead the Hawkeye football program through the 2015 season.
The UI announced in April it had reached an agreement with Ferentz on the terms of a new seven-year contract. He signed the contract last week, according to a press release issued earlier today.
His annual salary remains at $3.02 million. The new contract also said Ferentz has access to private plane transportation for up to 35 hours of personal use annually. The estimated cost could amount to as much as $85,000.
But, like all expenses of the UI Athletics Department, no tax dollars will be used. The press release said the department will fund the benefit with contributions to the National I-Club.
Ferentz will begin his 11th season as Hawkeye head coach when Iowa takes on Northern Iowa on Sept. 5.
“It has been said many times before and I'm pleased to say it again: Kirk Ferentz is a perfect fit for the University of Iowa, the community, and the state,” said Gary Barta, the UI’s director of athletics, in a statement. “He’s considered one of the best football coaches in the country, he has incredible integrity, he cares deeply about our University and our state, and he's a proven winner at Iowa.”
Read tomorrow’s Daily Iowan for more details.
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