Paul Rhoads' contract details released

Updated: February 29, 2012, 1:03 PM ET
Associated Press

AMES, Iowa -- Iowa State has released the details of its 10-year, $20 million contract extension with coach Paul Rhoads.

The deal, which includes a number of incentives for Rhoads, was released Wednesday to The Associated Press.

Rhoads will earn a base salary of $1.6 million, which increases by $100,000 each year starting in 2013. Rhoads is also due one-time payments of $300,000 in 2015 and 2018.

Rhoads will earn $200,000 for each year the Cyclones win seven or more regular-season games. He'll receive $100,000 for reaching a bowl game and if the Cyclones finish in the Top 25.

Rhoads is due $250,000 if Iowa State wins or shares the Big 12's regular-season title.

Rhoads would owe Iowa State $1 million if he leaves for another Division I or NFL head coaching job.


Copyright 2012 by The Associated Press

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