AMENDMENT TO HEAD COACH CONTRACT
This Amendment to the Head Coach Contract between the State University of Iowa (University)
and Michael Bond Shymansky (Coach) effective July 1, 2017, is attached to and incorporates by
reference all of the terms and conditions of the Head Coach Contract between University and
Coach effective February 3, 2014, except as modified herein. If not amended below, then all
other terms from Appendix B remain,
‘The parties hereto promise and agree as follows:
1. Paragraph 1 of the Head Coach contract dated February 3, 2014 is hereby amended to
delete the following language:
1. EMPLOYMENT
University hereby employs Coach as Head Coach of Volleyball (“Team”)
for the period from the 3" day of February, 2014, through the 30" day of June,
2020. The Parties agree that at the conclusion of the 2015-2016 volleyball
season, they will meet to discuss the possible revision and/or extension of this
Contract. If revision and/or extension is determined {o be of mutual benefit, this
Contract shall be amended in writing accordingly.
And replace it with the following:
1. EMPLOYMENT
University hereby employs Coach as Head Coach of Volleyball (“Team”)
for the period from the 1* day of July, 2017, through the 30 day of June, 2022,
and shall automatically renew for additional one-year periods on July 1 unless
notice of nonrenewal is provided by the University pursuant to Paragraph 12
below. Coach agrees to and hereby accepts employment in this position and
agrees to faithfully and diligently devote his effort to the performance of the
duties of this position.
2, Paragraph 3 of the Head Coach Contract dated February 3, 2014 is hereby amended to
delete the following language:
3. SALARY
University agrees Coach will be paid a guaranteed annual salary as,
follows:Base Salary* $165,000
*The first time an incentive in Paragraph 4.B.1. (Recurring Annual Incentive
Compensation) is achieved, base salary shall automatically increase by amount of
incentive achieved effective July 1 of the year following the achievement.
Thereafter, similar base salary adjustments are not guaranteed. For each
following year of the contract, subject to the discretion of the Director of
Athletics, Coach will be eligible for an adjustment to base salary provided it is
supported by exemplary conduct, positive performance, and market.
The salary shall be payable to Coach consistent with University and state
rules and regulations in 12 monthly installments in accordance with the payroll
policies of the University and subject to such deductions as may be required by
applicable laws or regulations. University shall have the option of offering raises
to Coach during the remaining years of this Contract.
Coach agrees that the University may initiate payroll deductions for non-
University expenses paid by the University but which are the personal
responsibility of Coach.
And replace it with the following:
3. SALARY
University agrees Coach will be paid a guaranteed annual salary as
follows:
Base Salary* $215,000
*The first time an incentive in Paragraph 4.B.1. (Recurring Annual Incentive
Compensation) is achieved, base salary shall automatically increase by amount of
incentive achieved effective July 1 of the year following the achievement.
Thereafter, similar base salary adjustments are not guaranteed, Future base salary
adjustments will be at the discretion of Athletics Director based on performance
and market,
‘The salary shall be payable to Coach consistent with University and state rules
and regulations in 12 monthly installments in accordance with the payroll policies
of the University and subject to such deductions as may be required by applicable
laws or regulations. University shall have the option of offering raises to Coach
during the remaining years of this Contract.Coach agrees that the University may initiate payroll deductions for non-
University expenses paid by the University but which are the personal
responsibility of Coach.
3. Paragraph 4 of the Head Coach Contract dated February 3, 2014 is hereby amended to
delete the following language:
4. RECURRING ANNUAL INCENTIVE COMPENSATION
University agrees Coach will be paid annual incentive payments should he
meet the academic, athletic, and longevity criteria described in this paragraph.
Any such payment(s) will be made within sixty (60) days of the date of meeting,
the criteria:
A.
Academic Success
Achieving a team Academic Progress Rate
(APR) of .980 or higher, or a 6-year Graduation
Rate (GSR) of 100%, as determined by the NCAA.
Graduate Report
Athletic Success:
Big Ten
NCAA
Highest level eared of first 3 contract years:
4 Big Ten Wins (First 3 years)
6 Big Ten Wins (First 3 years)
8 Big Ten Wins (First 3 years)
Highest level eamed, not cumulative:
‘Top 7 Finish in Big Ten Conference
or NCAA Qualifier
Big Ten Regular Season Title
Highest finish applies:
$10,000
$10,000
$15,000
$20,000
$20,000
$25,000