The Big Ten has a new highest paid coach, as Iowa announced a contract extension with Kirk Ferentz last night. While there are various reports on the details, it appears that the annual salary is about $3.7 million each year, with retention bonuses for each year on the deal. This gives Ferentz a slightly larger deal than Jim Tressel, and moves Ferentz into the realm of the salaries of Mack Brown and Nick Saban.
- It locks up Ferentz at a time when there are likely to be openings at Penn State and (possibly) Michigan in the next 2-3 years.
- It enables Ferentz to engage in the following conversation with Purdue's Danny Hope at the next Big Ten Coaches Meeting: