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Are you sitting down?
You should be sitting down for this.
Are you an Iowa fan?
Here, grab a beer. You might need one.
Kirk Ferentz has taken a paycut, I believe. This is from the UI. I'm sorry, spinning a lot of plates. pic.twitter.com/X7xPnD1V8R
— Marc Morehouse (@marcmorehouse) August 29, 2017
Not even a full year after signing a contract extension with the University of Iowa, Gary Barta and Kirk Ferentz have apparently renegotiated his contract, leading to...
A PAY CUT
Yes, loyal OTE reader, you read that correctly: Iowa has somehow found a way to pay Kirk Ferentz less per year tha—
What?
I’m sorry, OTE, it turns out this pay cut is only $50,000 per year of a yearly contract worth already $2.5 million.
SO WHERE’S THE MONEY GOING?
Our crack team of speculators has speculated that this money may be spent on:
- The Gary Barta Legal Defense Fund
- Deferred money due to rising fuel costs for Ferentz’s private plane
- Extra dye for Iowa’s New, Super-Alternate Jersey: Slightly Darker Black
- A pay raise for Brian Feren—no surely not nepotism in the
Ferentz Football FiefdomIowa Athletic Department - Two yearly $25,000 scholarships to residents of Iowa whose families operate farms, to be called the Actually Helping Farmers Scholarships (suck it, State)
- Deferred money due to rising fuel costs for Ferentz’s private plane
- 2015 Big Ten Championship Participation Trophy Case
-
Improving gameday experiences for fans and students by moving them closer to the action and defraying costs associated with fewer sponsorshipsprobably more luxury boxes or something