McCarney’s outside income cut greatly
October 1, 1995
News of domestic abuse charges against Iowa State Football Coach Dan McCarney has reduced the outside income portion of his contract substantially.
The Iowa State University Foundation has cut McCarney’s guaranteed outside income by $104,000, according to documents from the foundation.
McCarney’s contract, negotiated in November, had guaranteed him $165,000 a year from outside sources, including public appearances, television and radio shows, apparel contracts and other endorsements. That figure was reduced to $61,000. McCarney also has a base salary of $135,000.
Murray Blackwelder, acting vice president for external affairs, said McCarney’s outside income was reduced because his current market value was lessened after reports of domestic abuse.
McCarney’s new contract for outside income guarantees him $25,000 for public appearances, $15,000 for his weekly television show, $11,000 for his radio show and $10,000 for endorsement and apparel contracts. If revenue for his public appearances exceeds $25,000, McCarney would be allowed to keep the total amount. Blackwelder said McCarney’s outside revenue is currently meeting the projections made by the foundation.
“If the Cyclone team continues to win, I’m sure the market value will go up,” Blackwelder said. “But when the contract was signed, it was exactly where it should be.”
The contract is for one year, with room for renewal, Blackwelder said.
“Everyone feels bad about the whole situation,” Blackwelder added. “We’ll just take it one year at a time and see what happens.”
The university investigated McCarney after it was disclosed last March that his estranged wife, Brenda, had obtained a restraining order against him. Brenda McCarney said she had been abused several times during their 7 1/2 year marriage.
McCarney said he had verbally abused his wife several times but had physically abused her only once.
ISU officials said they had no knowledge of McCarney’s marriage problems before hiring him. After looking into the situation, they decided not to fire him.
Blackwelder said, to his knowledge, the university’s hiring process had not been altered because of the McCarney situation.
— The Associated Press contributed to this report.