Hunter
03/15/21
University of Iowa basketball coach Fran McCaffery is now under contract through the 2027-28 season.
On Monday, Athletic Director Gary Barta announced that McCaffery has signed a four-year extension to his current contract. His base salary remains unchanged for the next two seasons, but there is a longevity bonus at the end of the 2021-22 and 2022-23 seasons.
The contract includes salary increase in each of the last five years. There is a clause that reduces his salary by ten percent if 25 percent or more of a season is not able to be played due to pandemic.
In a statement Monday, Barta said of McCaffery’s contract, “He’s earned it. He’s built a strong foundation upon which we can continue to build for years to come. We originally planned to provide the extension at the end of last season, but paused due to the pandemic. I’ve appreciated Fran’s patience through it all.”
McCaffery has guided the nationally-ranked Hawkeyes to a 21-8 regular season record and a third-place finish in the Big Ten with a 14-6 league mark in 2020-21. Iowa has been ranked inside the Top 15 of the Associated Press Poll every week this season, including No. 5 on March 9. He has guided Iowa to first-division finishes in eight of the last nine seasons and 20 wins or more in seven of the last nine seasons. McCaffery will coach the Hawkeyes in the NCAA Tournament for the fifth time in the last seven completed seasons. He is Iowa’s second all-time winningest coach with 215 overall wins and 103 Big Ten victories.
The Hawkeyes, seeded second in the West Regional, play 15th –seeded Grand Canyon Saturday. Tipoff is scheduled for approximately 5:25pm at Indiana Farmers Coliseum, and the game will be televised on TBS.