|Mark Ibanez will be staying at KTVU Sports|
IBANEZ TO STAY AT KTVU; VERBAL AGREEMENT IN PLACE; WILL SIGN CONTRACT THIS WEEK
Veteran weeknight KTVU sports anchor, Mark Ibanez, has reached a "verbal agreement" with the Fox O and O to remain on the station at least another three years.
Ibanez' current deal expires on April 1.
Reached by phone, Ibanez confirmed the deal: "I'm elated with the terms. Really happy to get this done. On cloud nine baby!"
Ibanez will formally sign the contract extension this week.
Ibanez had the luxury of another station expressing an interest in him --that station is KGO-TV, but it never reached a point where negotiations over a deal were close but KGO was interested enough to make Ibanez an offer.
Ibanez, who's been at KTVU since 1979, didn't want to talk about specifics on his salary but it's believed to be about $360K per year. Not bad considering today's new compensation model for even big market stations and a Fox one at that.
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