Iowa State University employed Paul Rhoads on December 20th, 2008 as the University’s head football coach. Another agreement between the University and Rhoads became effective on January 1st, 2012 to extend his employment until December 31st, 2021. According to the base compensation of the extended contract, the University pays Rhoads $375,000 per year in monthly installments with additional guaranteed compensation for participating in public relations and endorsement activities. Rhoades receives $1,225,000 per year in additional compensation that is made on a pro-rata basis at the end of each month. On January 1st, 2013, his total annual additional compensation increased $100,000 each year. In addition to Rhoades base compensation and…show more content… $100,000 each time the football team finishes the year ranked in the Top 25 in either the final USA Today/ESPN Coaches Poll or the AP Poll (one incentive award if team is ranked in Top 25 of both polls).
$25,000 each time he is named the Big 12 Coach of the Year.
$25,000 each time he is named National Coach of the Year. As part of the Athletic Department’s car program, Rhoads is provided use of one automobile representative of a head football coach in the Big 12. The University covers the expenses of annual membership dues and initiation for Rhoads towards the Ames Country Club. Rhoads receives a retention payment of $300,000 on March 1st, 2015 if he is still employed by the University as of February 15th, 2015. Another retention payment of $300,000 will be given on March 1st, 2018 if Rhoads is still employed on February 15th, 2018. General terms and conditions are started if Rhoads seeks compensation with sources outside of the University. Any participation in outside activities must not interfere or conflict with the duties stated in his agreement as well as impair the University’s fund-raising or contracting activities. Written approval from the Director of Intercollegiate Athletics must be configured three days prior to participating in athletically related activities with outside sources providing income greater than $1,000. All sources of outside income must be disclosed with the University and NCAA rules and
