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Ferentz’s total annual compensation under the new agreement will be $3,675,000. This total is comprised of annual base income of $1.87 million, an increase of $250,000, and annual supplemental compensation of $1.48 million, an increase of $80,000. Ferentz will also receive annual longevity compensation beginning in 2010. That amount starts at $325,000 and increases annually.
Hes going nowhere
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