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re: LSU's Miles is 7th highest paid head coach
Posted on 11/7/13 at 4:02 pm to blackjackjackson
Posted on 11/7/13 at 4:02 pm to blackjackjackson
quote:
9. Kirk Ferentz, Iowa $3,985,000
Worst contract of them all- it runs until 2020.
He gets a annual bonus if he is fired, not included in the above figure, of $475K. That retention bouns increases yearly until it caps out a $575K.
The buyout, if fired without cause, pays him 75% of the remaining balance, paid out monthly. They would have to pay him $220,000 every month until 2020. Which is when he turns 65 and would have more than 20 years as a state employee.
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