Penn State Reveals Matt Campbell’s Contract Terms and Salary
Penn State University has secured Matt Campbell as its new head coach, concluding a lengthy search. Campbell, formerly at Iowa State, was officially introduced to the media as the replacement for James Franklin.
Contract Details for Matt Campbell
The contract spans eight years, with an initial salary set at $8 million. The total guaranteed amount is $70.5 million and lasts until the end of the 2033 season. The following outlines the key terms of Campbell’s contract:
- Base Salary: Starts at $8 million.
- Retention Bonuses: $1 million annually for each completed year.
- Future Salary Increases:
- 2028: Salary increases to $8.5 million.
- 2029: Minimum guaranteed salary rises to $9 million.
- Final three years guarantee: $9.25 million.
Performance Incentives
The contract includes performance-based incentives centered on playoff success. Key incentives are as follows:
- For a berth in the College Football Playoff: $500,000 bonus and a one-year contract extension.
- CFP semifinals appearance: $500,000 bonus.
- CFP title-game berth: $800,000 bonus.
- National Championship win: $1 million bonus plus a two-year contract extension.
Buyout Clause
If Penn State decides to terminate Campbell without cause, the buyout will equal the full value of the contract. He must also seek new employment to mitigate the owed amount.
Coach Campbell’s Perspective
During his introductory remarks, Campbell emphasized the importance of family and being around great people as significant factors in his decision to join Penn State.
