I was listening to SVP & R this afternoon on ESPN Radio, and coach salaries came up. Oddly enough I didn't hear any mention of Ferentz, but they did mention the top 3 salaries - Bama, Texas, and LoLArkansas - at approximately 5 mil apiece. From there, I was curious, I looked up coaching salaries on google, and got to Here at Bleacher Report. So KF is 9th on the list, 3rd in the B1G behind Ohio State & Michigan. This is off the top of my head, but over the last decade/Ferentz tenure Iowa is at 3rd or 4th in the B1G in conference win/loss, with 2 BCS bowls and the best bowl record. Hrm. There was a link for coaching salaries overall provided by USA today in that Bleacher Report article - USA Today - So I perused through that list. Basically, it seems the top 15 coaches are 3 mil +, and the top 16 - 50 are 2 mil to 3 mil. I looked at that list of 16-50, and saw maybe 5-6 coaches that I would be okay with coaching Iowa, though I wouldn't necessarily want to replace Ferentz with.
So what does all this mean? To me, this boils down to the following: Iowa realized where coaching salaries were going. What looked crazy in year 1-2, is looking just about right in the current CFB coaching arms race. Bret Bielema is getting 5 million dollars / year at LoLArkansas. That's an outlier, but its also an indicator of what the blue blood programs are willing to pay for a proven coaching commodity. And Ferentz contract extension was signed in the shadow of the Orange Bowl and reaching that #2/#3 status in the B1G, don't forget that perspective. If we didn't have Ferentz right now, I am looking at the coaching landscape, and pickings look pretty slim my friends. I look at RichRod/Brady Hoke at Michigan, and I take a deep breath, and happily exclaim: In Ferentz I Trust.