Iowa's win over Illinois leads to big bonus for head coach Kirk Ferentz
Kirk Ferentz will pick up a big bonus payout as a result of Iowa’s win over Illinois.
On Saturday, the Hawkeyes secured their eighth win of the season in the game against Illinois. Though Iowa will miss out on the B1G West title, it is nevertheless another strong season under Ferentz. It marks the fifth straight season of at least eight wins for the Hawkeyes.
The win is also significant as it triggers a bonus for Ferentz. According to Chris Bumbaca with USA TODAY, the win results in a $500,000 bonus for Ferentz as a result of reaching eight wins on the season.
Add in the fact that Ferentz already earned a $100,000 bonus after hitting bowl eligibility, and this season has proved to be very profitable for Iowa’s head coach. According to Bumbaca, it is the fourth season in a row for Ferentz hitting both bonus marks:
Ferentz has now hit the $500,000 bonus in each of the four seasons it has been available to him. As a result, in the past three seasons, he has picked up a combined total of $2,025,000 in bonuses ($600,000 in 2016, $600,000 in 2017 and $825,000 last season).
That is definitely a nice chunk of change in addition to Ferentz’s regular salary. However, after his continued run of success with the Hawkeyes, he’s definitely earned it.