The contract of Iowa State women’s basketball coach Bill Fennelly is almost exclusively referred to as a “lifetime contract,” though it is not exactly that.
Fennelly and ISU in 2007 agreed to a 12-year contract worth $10.6 million over its life.
The two parties also agreed to a $300,000 retention payment to be paid on Aug. 1, 2019, in a previously undisclosed amendment signed in April, 2013.
The amendment calls for Fennelly to be paid that amount if he is still employed by ISU on June 30, 2019, as well as if he is terminated without cause prior to that date.