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Release: July 24, 2002

EDITOR'S NOTE: Copies of the Bowlsby and Ferentz contracts are available at the University Relations Office (319-335-0552). Kirk Ferentz will be unavailable today (Wednesday). He will be available, to members of the media, at mid-morning tomorrow in Chicago at the Big Ten Kickoff festivities. Check with Phil Haddy in Chicago.

Ferentz and Bowlsby contracts extended

The University of Iowa has extended the contracts of Head Football Coach Kirk Ferentz (left, in photo) and Athletic Director Bob Bowlsby (right, in photo). Both have signed long-term contracts with the university. Tax dollars are not being used to fund either salary.

Ferentz's contract has been extended five years, through June 30, 2009. The new contract calls for an increase in base compensation to $510,000 per year. The total compensation with other athletic-related, outside income is estimated to be $910,000 per year. Ferentz' total compensation package for the past year was approximately $595,000. The new contract will put Ferentz in the middle third of Big Ten coaches' compensation packages.

The contract also calls for a variety of academic and competition incentives. The largest incentives in the agreement involve combined, multiple-year excellence in achievement by Ferentz's team, both on the playing field and in the classroom.

Bowlsby's contract has been extended six years, through June 30, 2008. Key provisions in the contract call for a base salary of $345,000 with the opportunity to earn performance and longevity incentive bonuses. The incentives in the contract are intended, according to University General Counsel Mark E. Schantz, "to reinforce Bob's outstanding record in supporting competitive teams within a framework of academic values, rules compliance and gender equity."

"I feel very good about extending the contracts of these two very valuable University of Iowa employees," said UI President Mary Sue Coleman. "Both have represented the university and student athletes in a manner we can all be proud of."

"Kirk has done a tremendous job for our university," said Bowlsby. "He possesses the appropriate values and priorities for intercollegiate athletics. I believe he will provide exemplary leadership for our program in the years ahead. Our football team has made significant progress in the last three years and we are excited about the future."

Ferentz had the following statement regarding his new contract:

"I consider it an honor to be a coach at The University of Iowa and I deeply appreciate the university extending my agreement. Bob Bowlsby, Mark Schantz and President Coleman have been very supportive of our efforts. I feel extremely fortunate to be at Iowa and I am very excited about the future of our program."

Ferentz led the Hawkeyes to a 7-5 record last season and a victory over Texas Tech in the Alamo Bowl. He is entering his fourth season with the Hawkeyes after a lengthy, and successful, stint as an assistant coach in the NFL.

Bowlsby is beginning his 12th year as athletic director at the University of Iowa. The Business Sports Journal recently named him Athletic Director of the Year. And, the National Association of Athletic Directors (NACDA) recently named him regional AD of the year.