Saturday, September 13, 2014

OSG CFB: Just How Much Is Kirk Ferentz's Buyout These Days...??? Still Un-Buyoutable...

((HT: Iowa State Daily Online))

Iowa State beat Iowa today in the annual CyHawk affair on a last-second field goal by Cole Netten with two seconds left in regulation.

Netten missed his first attempt, but Iowa head coach Kirk Ferentz had called timeout to try and ice him.

Didn't work and now the Cyclones are 1-2 after their embarassing loss to North Dakota State and the Hawkeyes (2-1) have now lost three of the last four in the series.

Here's Paul Rhoads talking about his kicker...

And, now, we address the larger question. Frankly, it's one of the larger questions in the state after a day like today.

It is commonly known that Ferentz has the worst contract for a state employee in the history of contracts for state employees short of Huey Long.

And, for that, he can thank AD Gary Barta for base salaries, longevity bonuses, and anything else resembling supplemental payments that Barta threw at him when the contract was signed and extended.

Patrick Vint over at Bleacher Report did a tremendously face-slapping awareness piece IN 2012 on the sheer madness of the contract and why a buyout will NEVER HAPPEN UNTIL THE CONTRACT IS OVER... and, then, it just won't be renewed.

In the year 2020... let that sink in for a moment...

His contract is SO BAD it cannot be bought out, so a program is stuck with him unless someone befriends Warren Buffet or T. Boone Pickensian-type folks over the next five years or so.

If we extrapolate Vint's base number for buying out in 2012 dollars using his "75-percent of his base salary" figure, and we fire Kirk Ferentz the second this story is published, we're looking at a minimum of 52 payments of $219,742 or $11,426,584...

And that says nothing of any kind of hidden settlements or other hidden paragraphs in the Ferentz-ian contract.

It's almost the Peter Principle of contracts and there's nothing the school or the state can do about it.

Barta is more than happy, apparently, to fire one of the more nationally recognized field hockey coaches in the country when he let Tracey Griesbaum go with three weeks before the 2014 season was going to start a month ago- allegedly when five players went to Barta and claimed that Griesbaum called a player "fat."

Barta fired Griesbaum without cause and went straight to the buyout portion of the contract for that sport- and, probably, ruined it on campus.

A particular paragraph late in the Black Heart piece by Vint speaks volumes about where Barta's head is in the Iowa Athletic Program:

"A football workout actually put nine players in the hospital not long ago, yet not one person was fired or even reprimanded; the strength coach responsible for the workout got a 'Coach of the Year' award from the program two months later. And if yelling at players is grounds for dismissal, then Gary Barta has obviously not watched the basketball coach he hired four years ago."

So, if anyone is looking for any kind of success in Iowa City- good luck with that until Barta and Ferentz are gone...


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