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  1. #1
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    The Waterloo Courior asks this question" Is Iowa's Kirk Ferentz worth $2.7 million? Is any man worth this much? Kirk Ferentz is now one 10 highest paid coaches in the country. He makes more than Michigan's Lloyd Carr rakes in($1.2 million. Michican's Carr has raked in twice as many Big Ten Titles to his credit (5 to 2), not to mention national title trophy. Iowa officals says the fact they doubled Ferent's previous salary makes the writer of the article think that the group was seriosly concerned about Ferentz NFL fliratations with Houston and Green Bay. Ferentez is now making more than new Packers coach Mike McCarthey's $2 million. Howis it that the University of Iowa feels the need to raise studen't tuition each and every year, yet can afford to spend a fortune on it's football coach? . You are either for or against his huge salary increase..



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    He only makes 2.7 this next year. Then his salary goes back down.



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    Howis it that the University of Iowa feels the need to raise studen't tuition each and every year, yet can afford to spend a fortune on it's football coach? . You are either for or against his huge salary increase..

    If I'm not mistaken coaches' salaries are not funded by tax payer dollars but rather from the private endowment of the programs. Tuition hikes are not directly related to coaches' salaries.



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    He is a rainmaker, and is being paid for that performance. It is hard for many to justify large salaries, especially when Alford's recent "small" increase ($75K) is more than many or even the majority of fans make total. However, Kirk brings in the money through team performance on the field. He is a legitimate threat to go pro, thus Iowa is paying the market rate. The funds that pay him are much different than the funds that pay professors on campus, which is more closely related to student tuition.



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    yeah like johnson said these pay raises are perks to hold him back from the nfl.



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    People need to understand this: the state-funded University and the athletic program affiliated with the same University might as well be two separate institutions. This is the case at the UI, ISU, and UNI, as well as pretty much every other state-run school in the country (but not all).

    The state funds the University and gives it money to pay for utilities, maintain and build facilities, and pay the salaries of all the faculty and staff. That is also, more or less, where students' tuition money goes. (Room and board money obviously goes back into the University's student residence department.)

    Neither state money nor student money goes to the Athletic Department. Not one cent. The Athletic Department pays its coaches, its bills, and its scholarships from the money that it itself makes (from things like football and basketball revenue) and from private donations by generous alumni or corporations. In most cases, the Athletic Department's money does not go back into the University proper. It sometimes does, but not typically.

    Therefore, athletic programs at state institutions are and must be self-supporting. They pay their way without any help from the state. Now, I'm now saying that everything they do is necessarily a wise use of money (at any school), but at least students and taxpayers are not funding it.

    So, naturally, coaching salaries at Iowa institutions and student tuition at Iowa institutions have nothing whatsoever to do with each other.


    True and Valiant

    I also remember a game with Kansas when Cy (wore a huge suit then) went out to center field, squatted, and "pooped" a couple of chickens that had been dyed blue then chased them around.
    Quote Originally Posted by DJK15

    God I hope so, even if it's not the right thing to do, KF needs to do it.
    Victory before honor.

  7. #7
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    crash_zone's Avatar
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    While the budgets may be seperate, student money DOES go towards the athletic budget. the government of student body (GSB) give the athletic department a million + a year - and that money comes from student fees that every student pays.



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    <div class='quotetop'>QUOTE(Reece &#064; 06&#045;23&#045;06 10&#58;09 pm) Quoted post</div><div class='quotemain'> The Waterloo Courior asks this question" Is Iowa&#39;s Kirk Ferentz worth &#036;2.7 million? Is any man worth this much? Kirk Ferentz is now one 10 highest paid coaches in the country. He makes more than Michigan&#39;s Lloyd Carr rakes in(&#036;1.2 million. Michican&#39;s Carr has raked in twice as many Big Ten Titles to his credit (5 to 2), not to mention national title trophy. Iowa officals says the fact they doubled Ferent&#39;s previous salary makes the writer of the article think that the group was seriosly concerned about Ferentz NFL fliratations with Houston and Green Bay. Ferentez is now making more than new Packers coach Mike McCarthey&#39;s &#036;2 million. Howis it that the University of Iowa feels the need to raise studen&#39;t tuition each and every year, yet can afford to spend a fortune on it&#39;s football coach? . You are either for or against his huge salary increase..



    Mac makes more than Lloyd Carr.....Go figure......Mac can barely beat rated teams and has never won anything&#33;

    [/b][/quote]



  9. #9
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    McCarney only is going to make &#036;1.1 million, which is acctually less then &#036;1.2 Million



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    <div class='quotetop'>QUOTE(ornryactor &#064; 06&#045;24&#045;06 3&#58;40 pm) Quoted post</div><div class='quotemain'> Neither state money nor student money goes to the Athletic Department. Not one cent. ....... Therefore, athletic programs at state institutions are and must be self-supporting. They pay their way without any help from the state.[/b][/quote]



    These statements couldn&#39;t be further from the truth. Each of the state university athletic departments are in part funded from their respective universities general funds. Its been around a year since I&#39;ve seen the numbers, but my best recollection is the AD&#39;s get the following amounts from the general fund:



    ISU: &#036;2.5mm

    Iowa: &#036;2.1mm

    UNI: &#036;4.5mm



    It&#39;s a problem coaches are the highest paid university employees, but nobody is holding a gun to athletic director or university president&#39;s head. However, I&#39;m a bit disgusted that at a time when student tuition is bumping up every year and academic programs face cuts that athletic departments feel no fiscal responsibility. IMO it&#39;s time for the athletic departments to stop receiving money from the schools general fund and they should be self sustaining.



  11. #11
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    <div class='quotetop'>QUOTE(isucy86 &#064; 06&#045;26&#045;06 10&#58;04 am) Quoted post</div><div class='quotemain'>



    These statements couldn&#39;t be further from the truth. Each of the state university athletic departments are in part funded from their respective universities general funds. Its been around a year since I&#39;ve seen the numbers, but my best recollection is the AD&#39;s get the following amounts from the general fund:



    ISU: &#036;2.5mm

    Iowa: &#036;2.1mm

    UNI: &#036;4.5mm



    It&#39;s a problem coaches are the highest paid university employees, but nobody is holding a gun to athletic director or university president&#39;s head. However, I&#39;m a bit disgusted that at a time when student tuition is bumping up every year and academic programs face cuts that athletic departments feel no fiscal responsibility. IMO it&#39;s time for the athletic departments to stop receiving money from the schools general fund and they should be self sustaining.

    [/b][/quote]



    Kirk is making 3.4 this year. His new salary comes out to 2.7 which is third highest among college football coaches. Is he worth it? Maybe not but he has stated that he will contributing a large chunk of it to charity and endowing a scholarship.



  12. #12
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    He&#39;s not worthy of being the third highest paid coach in the nation this year, but he only makes 2.7 for one year. Then he&#39;s back to 1.4.



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    <div class='quotetop'>QUOTE(CrossCyed &#064; 06&#045;30&#045;06 9&#58;22 pm) Quoted post</div><div class='quotemain'> He&#39;s not worthy of being the third highest paid coach in the nation this year, but he only makes 2.7 for one year. Then he&#39;s back to 1.4. [/b][/quote]

    This is the first I have heard of his salary being rolled back to 1.4 mil per year. Kind of defeats the purpose of paying him big to keep him from the NFL. The way it was reported in the paper was that he would be guaranteed 2.7 mil through the life of the contract.

    I don&#39;t think he was worth it. I think he could have been signed for far less. I&#39;m not buying into the "donating to charity" line from a fellow who has his kid living in HUD housing on taxpayer money to pocket his housing stipend. A good start would be for Kirk to ante up and pay back the taxpayers for the housing. Brian&#39;s eligibility is used up so it couldn&#39;t be a violation. Kirk&#39;s a good coach but hasn&#39;t even won a BCS game yet. At this point he is grossly overpaid. For the record, so is Mac, but not quite as much.



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