I think I'd say B+/A- territory. I'm not sure how anyone can argue against the steady improvement. The program was a dumpster fire when Fran took over, and he's gotten us to the dance the past two years, and got to the round of 32 this year. So I'm happy with the job Fran has done.
The reason I can't give him a full A or A+ is basically because I've seen coaches take bad programs to the dance in just a couple years - and Bob Knight took a bad TT program to the dance in his very first year. But as dean said, a minor nitpick here - progress is progress, even if it's not as fast as some other programs.
The other thing is recruiting - Fran has done a good job of finding some under the radar guys (Aaron White in particular) but Iowa still lacks shooters/scorers outside of a couple players, and don't think Fran did as good a job as maybe he could have in bringing in the necessary players sooner so that Iowa doesn't miss a beat next year with White & Olaseni gone.. I expect a drop off, but maybe Fran will prove me wrong.
If Fran gets Iowa to the dance next year as well, then I may be inclined to bump his grade to the A-/A range, because I think it'll take a terrific coaching job in 2015-16 to make it 3 straight in the NCAA's. I just don't think the scoring and front court presence will be there without White & Olaseni, but would love to be proven wrong.