Has there been any talk of Fran's job security?
— Scott Thraen (@hawkeye1513) January 18, 2018
According to an extension signed by McCaffery, Iowa athletics director Gary Barta and University of Iowa President Bruce Harreld on Nov. 29, 2017, the school would owe McCaffery $10.2 million if it fired him before July 1, 2018. That number falls to $9 million due McCaffery if he is fired before July 1, 2019, and decreases annually through the 2023-24 season. The recent contract was obtained by Land of 10 via state open-records laws.
McCaffery’s previous contract — signed June 23, 2016, and in place before the November extension — allowed for a $4.6 million payout if he were fired after this season. Should the coach opt for another job before the 2023-24 season, he would owe Iowa athletics $2 million. That’s up from $1 million previously.
