JonDMiller
Publisher/Founder
A friend of mine asked me this: "Is it possible that Ferentz's buyout was Gary Barta's idea to make it impossible for another school or NFL team to lure Ferentz away?"
So I was curious to see what sort of protections the contract has for Iowa...we all know how sweet a deal it is for Kirk Ferentz, but what protections does Iowa have?
I need you guys to take a look at it, as I am not a lawyer. But I don't see much in it that protects Iowa's interests if Kirk would want to leave for another job. I see the following two sections dealing with leaving:
"Termination by University for Cause"
and
"Termination by University without Cause; Liquidated Damages"
Take a look at this and help me out. I have to be either missing something or just unaware how contracts like this work, but as I am reading it, I see it only protecting Kirk and there being no protection for Iowa.
Now, I don't think Kirk would ever leave Iowa for another college job..and the sweetness of this deal being a big factor. But do you do a contract like this without any protection for your own University?
I have to be missing something here.
Here is the contract
So I was curious to see what sort of protections the contract has for Iowa...we all know how sweet a deal it is for Kirk Ferentz, but what protections does Iowa have?
I need you guys to take a look at it, as I am not a lawyer. But I don't see much in it that protects Iowa's interests if Kirk would want to leave for another job. I see the following two sections dealing with leaving:
"Termination by University for Cause"
and
"Termination by University without Cause; Liquidated Damages"
Take a look at this and help me out. I have to be either missing something or just unaware how contracts like this work, but as I am reading it, I see it only protecting Kirk and there being no protection for Iowa.
Now, I don't think Kirk would ever leave Iowa for another college job..and the sweetness of this deal being a big factor. But do you do a contract like this without any protection for your own University?
I have to be missing something here.
Here is the contract
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