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Kirk Ferentz takes $50,000 pay cut for Iowa to hire another staffer
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In an age where college football coaches try to scrap every nickel and dime they can, Iowa head coach Kirk Ferentz is taking a pay cut.
According to Marc Morehouse of The Gazette, Ferentz is taking a $50,000 pay cut in the 2017-18 season so the Hawkeyes could add another staffer to the football program.
“It’s to help our program,” Ferentz said during a news conference on Tuesday. “It was something we agreed on (Ferentz and athletics director Gary Barta) and thought it would be good for the program.”
Ferentz’s salary will drop from $2.47 million to $2.42 million for the year, but his contract beyond the 2017-18 season remains unchanged.
A $50,000 cut isn’t exactly a huge chunk for a coach set to make nearly $30 million over the next 10 years, and the cut could even pay for itself if a new staffer helps Ferentz reach one of his incentives in the coming years. But it’s still not something you see too frequently in college football.
You can check out the amendment the University of Iowa made to Ferentz’s contract here.
Dustin grew up in the heart of Big Ten country and has been in sports media since 2010. He has been covering Big Ten football since 2014. You can follow him on Twitter: @SchutteCFB