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BRIEF: In the future, a seventh win could be worth $300,000 to Paul Rhoads

This news story was published on February 29, 2012.
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Mike Hlas, The Gazette, Cedar Rapids, Iowa –

Last month, Iowa State announced it had signed head football coach Paul Rhoads to a 10-year, $20 million extension.

Like all big-time coaching deals, this one is incentive-laden. There are incentives to win, incentives to stay put.

Rhoads’ base salary is $1.6 million, but that increases by $100,000 each year starting in 2013. He will also get one-time payments of $300,000 in 2015 and 2018.

He will earn $200,000 for each year the Cyclones win seven or more regular-season games, $100,000 for reaching a bowl game. If the NCAA changes its rules and requires teams to have seven wins to play in a bowl, as is being discussed, that means a 7-5 season would be worth $300,000 more to Rhoads than 6-6.

If Rhoads ties or wins the Big 12′s regular-season championship, he’ll get $250,000. He’s probably make a lot more than that from a title, since he’d be one of the hottest properties in coaching.

Should Rhoads leave the Cyclones for a Division I or NFL head coaching job, he would owe ISU $1,000,000.

Iowa State wanted to keep Rhoads happy. This should do it, no?

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