Dude should have left for the NFL while he was the hot name.
He should make more money this way though. Iowa fans wanted him fired immediately but they can't since they owe him so much.
If he took an NFL job, he'd probably have already been fired and back at some other college without this kind of job security.
Plus, he takes advantage of Iowa if you ask me. All three of his kids have played football at Iowa and one of them is currently on the coaching staff. So while he's making 4 million a year, Iowa paid for all 3 of his kids college education and are paying one of his sons 6 figures to be on the staff.
Contract: 10 years $39 million, with all the incentives and bonuses added up.
Buyout: 75% of his remaining salary, paid monthly. Iowa would owe Ferentz a quarter-million dollars a month.
He's the 6th highest paid coach in the country behind, Saban, Brown, Meyer, Stoops and Miles.
In his 14th year, he has a 4-5 record. Remaining schedule is Purdue, Michigan and Nebraska. Best case scenario would be 6-6 in my opinion and he's coming off a 7-6 season last year. He was pretty close to being 2-7 this year. Northern Illinois was up 17-9 in the 4th quarter and Iowa scored the game winning touchdown with 2:15 left to win 18-17. Michigan State was up 13-6 and Iowa scored a touchdown with 55 seconds left to tie it. They beat MSU in double OT.
Yep, Iowa is stuck with this guy. They'd still owe him 3 million a year for the rest of the decade if they fired him. Staying at Iowa where they were willing to overpay him long term was the smart move.