The four-year Iowa coach will receive an eight percent increase ($72,800) in salary. Ferentz' contract has been restructured and will take effect July 1st. The restructuring of the contract pertains primarily to incentive clauses.
The statement from Ferentz said:
"The attention I have received regarding an NFL head coaching position with the Jacksonville Jaguars has been flattering, especially because I have the utmost regard for Wayne Weaver and the entire Jacksonville organization. However, my heart continues to lie with The University of Iowa, and I will remain the head coach of the Hawkeye football team."
The statement from Bowlsby said:
"I am very pleased that we have been able to restructure Kirk's contract in a way that meets his needs as well as those of the University. The increase which goes into effect on July 1st is additional recognition of the outstanding work he has done for our program."