)[2] Ferragamo capped his college career by leading the Cornhuskers (9–3–1, ranked #13) to a victory over Texas Tech in the Astro-Bluebonnet Bowl in the Houston Astrodome.

Ferragamo played in the National Football League (NFL) for the Los Angeles Rams (1977–1980, 1982–1984), Buffalo Bills (1985) and Green Bay Packers (1985–1986).

In 1981, Ferragamo jumped to the Montreal Alouettes of the Canadian Football League, thanks to a $600,000-a-year contract (a large amount even by NFL standards, especially compared to $250,000 the Rams offered him, and the $47,500 they had paid him for 1980.

He was demoted to backup to Gerry Dattilio in the latter half of the season and then to third-string quarterback for the final three games after Ken Johnson arrived in a trade.

After beating the favored Cowboys in Irving in the wild card matchup, 24–17, the Rams were drubbed, 51–7, by the defending Super Bowl champion Washington Redskins.

[8] In 1985, Ferragamo moved on to the Buffalo Bills, but won only one of nine starts, eventually losing the starter's job to Bruce Mathison.

Ferragamo owns Touchdown Real Estate in Orange County,[9] and Ferragamo-Migneco Vineyards in Santa Maria, California.