Penn State Reveals Matt Campbell’s Salary and Contract Duration
Penn State University has officially confirmed the hiring of Matt Campbell as the head coach of the Nittany Lions football team. The Board of Trustees approved the contract on a recent Monday morning, revealing the significant terms of his agreement.
Contract Details for Matt Campbell
Matt Campbell’s contract extends for eight years and will conclude in 2033. The deal guarantees a total of $70.5 million. His first-year salary stands at $8 million, which will increase by $250,000 in the years 2027, 2028, 2029, and 2031.
Retention and Escalator Provisions
- A yearly retention bonus of $1 million is included.
- If the Nittany Lions qualify for the College Football Playoff, Campbell will receive a raise of at least $500,000.
- A national championship victory will trigger a one-year contract extension and a bonus of no less than $1 million.
Termination and Buyout Clauses
If Penn State decides to terminate Campbell, they are obligated to pay out the remaining guaranteed compensation. This amount can be reduced if he accepts another job. Conversely, if Campbell leaves voluntarily, he will owe the university a penalty that decreases over time.
- $10 million after 2026.
- $8 million after 2027.
- $6 million after 2028.
- $4 million after 2029.
- $1 million for the years 2031 to 2033.
Moreover, Penn State will pay Iowa State $2 million as part of Campbell’s buyout.
NIL Commitments and Additional Benefits
The contract also encompasses financial commitments towards player compensation and coaching staff salaries. Reports indicate that Penn State will allocate $30 million in Name, Image, and Likeness (NIL) funds and an additional $17 million for the assistant coaching staff.
Incentives and Performance Bonuses
Matt Campbell’s contract features various performance-related incentives that could significantly boost his earnings:
| Achievement | Bonus Amount |
|---|---|
| Win National Coach of the Year | $150,000 |
| Win Big Ten Coach of the Year | $100,000 |
| Win Big Ten Championship Game | $350,000 |
| Appear in Big Ten Championship Game | $250,000 |
| Win CFP Championship | $1 million |
| Appear in CFP Championship | $800,000 |
| Appear in CFP Semifinal | $500,000 |
| Appear in CFP Quarterfinal | $400,000 |
| Appear in CFP First Round | $300,000 |
| Non-CFP Bowl Game Appearance | $200,000 |
Overall, Campbell’s contract represents a strong commitment from Penn State as they prepare for an exciting future in collegiate football.
