RON MALY HAS BEEN WATCHING THE PARADE GO BY FOR A LONG TIME. THIS IS ONE OF HIS WEBSITES.

Wednesday, July 11, 2012

29-37 Record Earns McCaffery a Pay Raise, New Contract At Iowa


A two-season record of 29-37 [11-20 in 2010-11 and 18-17 in 2011-12] has earned Fran McCaffery a pay raise and an extended contract as Iowa's basketball coach. The new seven-year agreement guarantees McCaffery a minimum average of $1.66 million annually over the length of the contract, beginning with a base salary of $1.3 million in 2012-13. The base salary moves McCaffery to the upper half of the Big Ten Conference in comparison to his colleagues. McCaffery’s average compensation for the full term of the new contract could climb to $1.86 million per year should next year’s team make it to the 2013 NCAA tournament. As was the case with his previous contract, McCaffery can also earn additional compensation annually by achieving certain competitive and academic benchmarks. “Two years into his tenure, I’m thrilled with where Fran is taking our program,” said athletic director Gary Barta. “He has done an outstanding job, in all phases. We are pleased that the victory total has increased in the last two seasons. But, as important, Fran has demonstrated a total commitment in all phases of the program, including recruiting, community involvement and commitment to academic performance.” Said McCaffery: “I am very excited to sign this contract. We have made tremendous progress in all phases of the program in two seasons. I appreciate the support and confidence expressed by President Sally Mason and Gary Barta in signing this contract. We are committed to continued improvement.We have made progress during both the regular season and in post-season play with our participation in the 2012 NIT. Our players know they have the complete support of the University and we look forward to the upcoming seasons.” [This story was written for Ron Maly by Matt Weitzel of Iowa's sports information office].