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?
