Former Panthers Coach Matt Rhule Receives Contract Extension Until 2032

Matt Rhule has secured a contract extension with the Nebraska Cornhuskers that will keep him in charge until 2032. This comes as interest from other college programs has stirred potential suitors for the head coach. Rhule’s new agreement also introduces increased financial protections for the university.

Details of the Contract Extension

According to a report from ESPN’s Pete Thamel, Rhule’s new deal, finalized during his third season at Nebraska, extends his contract by two years. This means he will now remain with the team until 2032.

• The buyout clause has risen from $5 million to $15 million.
• This increase is designed to deter other schools from pursuing him during the 2026 hiring cycle.
• Rhule’s contract does not feature an increased base salary.

Performance Incentives

While Rhule’s base salary remains unchanged, it includes a significant incentive. For each year that Nebraska qualifies for the College Football Playoffs, his salary will increase by $1 million. This could motivate Rhule and his team to aim for greater success in upcoming seasons.

Contract Financial Overview

The average value of Rhule’s contract extension is $11.7 million. The two additional years of this deal are valued at $12.5 million each, with 90% of the contract being guaranteed.

Rhule’s Track Record at Nebraska

Since joining Nebraska, Rhule’s coaching record has shown improvement. After finishing the 2023 season with a 5-7 record and the 2024 season at 7-6, the current season looks promising. As of now, the Cornhuskers boast a 6-2 record.

This extension reflects the school’s confidence in Rhule’s ability to elevate the program and compete at higher levels within college football.