ESPN's Adam Schefter reported later Tuesday morning that Rhule's deal with Carolina is for seven years and $60 million, with incentives that could boost it to $70 million. We want to hear from you. NFL owners are reportedly upset at newcomer Tepper, the billionaire hedge fund manager who purchased the Panthers franchise last year for $2 billion. The timing of Rhule’s hiring came as a surprise, as the team was set to interview Josh McDaniels today as well as Kevin Stefanski later in the week. Following a three-year stint as head football coach at Baylor, Matt Rhule is moving on to the NFL after agreeing to a contract with the Carolina Panthers, the … Your California Privacy Rights/Privacy Policy. Matt Rhule’s crazy contract with the Panthers was revealed on Tuesday. ", LaMonte is president of Public Sports Representation, an agency that represent coaches and NFL general managers, including Holmgren and Gruden. That comes out to an average of roughly $8.57 million per season, which makes Rhule one of the highest-paid coaches in the NFL in annual salary. San Antonio Spurs head coach Gregg Popovich who makes roughly $11 million a year, Joe Maddon at $12 million to $15 million a year, Hedge fund billionaire David Tepper's stock market advice in 2010 worked all decade. In 2019, Saban made approximately $8.8 million at Alabama, which ranks second behind Clemson University's Dabo Swinney at $9.3 million, according to Sporting News. Tepper, though, has no regrets about paying top dollar to land his new coach. It's estimated the average NFL head coaching salary is roughly $6 million to $7 million, but it could climb to as high as $10 million with Rhule's deal, according to one sports agent. New Orleans coach Sean Payton and Pittsburgh Steelers coach Mike Tomlin are also earning at least $10 million a year, according to two people with knowledge of the contracts. https://pantherswire.usatoday.com/2020/01/07/panthers-matt-rhule-contract-report/, Analysis: Panthers make bold move with Matt Rhule hire, Panthers 2021 NFL mock draft: The all-offense edition, 8 NFL coaches already on the hot seat for 2021, On Black quarterbacks, the desire to be great, and the words we use, Penei Sewell shows off rare athleticism at Oregon pro day. If Rhule doesn't deliver, Tepper risks looking like the Wall Street billionaire who bought an NFL team for fun without knowing how to run one. One of the worst is the enforcement of rigid guidelines for which numbers players can wear on their jerseys based on their positions. Panthers are giving former Baylor HC Matt Rhule a seven-year – seven year – deal worth $60 million that with incentives could be worth up to $70 million, per league sources. New Carolina Panthers head coach Matt Rhule signed a seven-year, $60 million deal to head to the NFL. In essence, that's what Temple did with this deal. Baylor has extended the contract of football coach Matt Rhule on a deal that will run through March 31, 2028, the school announced Sunday night. Panthers head coach Matt Rhule went on WFNZ Sports Radio in Charlotte on Tuesday to discuss why that narrative on running backs does not apply to … Tepper also signed Rhule for seven years when owners typically don't commit to first-year head NFL coaches for more than four years. Rhule, who signed a seven-year deal worth $60 million to become head coach of the Carolina Panthers, sent shock waves through the NFL when the news leaked last week. He is the head football trainer at Baylor University. We didn't know that as coaches. "But now they're not going to be able to get them for anything less than five," said the NFL agent who asked not to be identified. In … "The coach, without him, it doesn't matter going down the line with the players you have because he's not going to be able to get you to the promised land if he's not a great coach. New England Patriots coach Bill Belichick is currently the highest paid coach at $12 million per season, with Seattle's Pete Carroll next at $11 million, according to Forbes. Rhule had the least pro experience of Carolina’s candidates, but he does bring a well-rounded history, having coached several different position groups as well as offense, defense and special teams. According to a report by Adam Schefter at ESPN, Rhule’s contract is … (Garrett) is still under contract in Dallas until Jan. 14, so permission is required.” Read more about that here . In 2019, Saban made approximately $8.8 million at Alabama, which ranks second behind Clemson University's Dabo Swinney at $9.3 million, according to Sporting News. He finished the 2020 campaign with more turnovers (17) than touchdown passes (15). Whether he knows it or not, Matt Rhule has cemented his place in the National Football League's coaching history books — before he's coached a single professional football game. He left his $2 million coaching gig in Wisconsin in 1998 to sign an eight-year deal with the Seahawks valued at roughly $4 million a season. LaMonte helped change the pay scales when he negotiated the deals for Holmgren and Gruden, giving coaches more leverage. The thinking in some NFL coaching circles is Rhule's deal, which was longer than most thanks to Gruden's precedent-setting 10-year deal, will help more top NFL coaches garner even more than Rhule's $60 million contract. Usually, NFL head coaching deals don't exceed five or six years, but Gruden changed that with this agreement. As for the base salary of the deal, Rhule will be getting $62 million over the next seven seasons, which means the Panthers will be paying him $8.86 … FILE - In this Nov. 16, 2019, file photo, Baylor head coach Matt Rhule stands on the field prior to an NCAA college football game against Oklahoma in Waco, Texas. Sports agents generally obey a code of silence when asked about coach pay. The Carolina Panthers are making a huge commitment to their new head coach Matt Rhule. As a college coach, Rhule has only been to four bowl games with a combined record of 47-43 after stints at Temple University and Baylor University. University of Michigan head coach Jim Harbaugh's win record would suggest even higher pay if he ever decides to return to the NFL. Data is a real-time snapshot *Data is delayed at least 15 minutes. For a budding superstar, Panthers defensive end Brian Burns sure flies under the radar. Matt Rhule is staying with the Baylor Bears for the long run. Rhule Struck Gold at Temple, Baylor The agreement sent shock waves through the league, since Rhule has never coached an … He's going to set standards for people. "I think you're going to see this increase because it's telling the other coaches that money is out there. Jon Gruden's $100 million deal signed with the Oakland Raiders in 2018 is interesting, not only for the amount, but the fact that it's for 10 years, which was viewed in coaching circles as another shift. Panthers are giving former Baylor HC Matt Rhule a seven-year – seven year – deal worth $60 million that with incentives could be worth up to $70 million, per league sources. 12 to No. Matt Rhule’s Crazy Contract With Panthers Revealed. Matthew Kenneth Rhule (conceived January 31, 1975) is an American football trainer and previous player. The agreement sent shock waves through the league, since Rhule has never coached an NFL game in his career. "Matt is a very good people manager," Tepper told Panthers.com. Matt Rhule wiki, bio, age, salary, contract, wife, net worth, instagram December 30, 2019. Rhule's deal attracted a lot of attention because, unlike other highly paid NFL coaches, the former head football coach at Baylor University has never coached an NFL team in his career, let alone win a Super Bowl like Belichick, Carroll, Payton and Tomlin. When he first founded the agency in 1979, his challenge was getting owners to understand "money-value wise what a coach was worth because coaches never had agents. '", "There is no going back now," Dungy added. Bob LaMonte, the agent who became one of the most powerful coaching agents in the NFL, said owners are increasingly seeing the value in a great coach and some, like Tepper, aren't afraid to spend a lot of money to get one. 2. In September, Rhule signed a contract … Sign up for free newsletters and get more CNBC delivered to your inbox. Head coach Matt LaFleur of the Green Bay Packers is congratulated by head coach Pete Carroll of the Seattle Seahawks after their 28-23 win in the NFC Divisional Playoff game at Lambeau Field on January 12, 2020 in Green Bay, Wisconsin. "It's like that player — as soon as one player makes that — then everybody else in the office the next time around, 'Hey, so and so is worth this. Since then, the Panthers have been trying to get an upgrade at QB and remain fixated on trading for Deshaun Watson... Start every day with our most popular content waiting in your inbox. If you want one of my other guys, you've got to step to the table with this,' and it helped everybody out.". In fact, only Bill Belichick, Pete Carroll, Jon Gruden and Sean Payton make more. QB Teddy Bridgewater: $7.5 million Carolina is not the only team that can afford to pay that.". "Owners have the money to spend," LaMonte said. Panthers owner … Matt Rhule won’t be coaching the Giants . Matt Rhule agreed to a contract extension on Sunday after leading the Bears to a 4-0 start. WACO, Texas — Baylor University and head football coach Matt Rhule have reached an agreement on a contract extension for the third-year coach, … He shared a tweet today eyeing a change from No. The contract is designed to keep him at Baylor through the 2028 season. You'll now receive the top Panthers Wire stories each day directly in your inbox. Tepper told Panthers.com after announcing his hire. Carolina knew that it would have to outbid the New York Giants in order to land Matt Rhule, so the organization really broke the bank for him. How Matt Rhule went from scrappy Penn State walk-on to Panthers head coach Updated Jan 07, 2020; Posted Jan 07, 2020 Matt Rhule, pictured in 2014 as Temple head coach with his Bryant, age 10. According to a report by Adam Schefter at ESPN, Rhule’s contract is for seven years and is worth $60 million. Bridgewater is entering the second year of the highly-regrettable three-year, $63 million contract he signed last March. The best athletes (especially the greatest of all time) always tend to elevate their game when... Three Carolina Panthers players are due deferred signing bonus payments today. "I think the new standard has been set.". Rhule’s new contract … All Rights Reserved. Matt Rhule is headed to Charlotte, NC, after signing a seven-year, $60 million contract to coach the Carolina Panthers. Please check your email for a confirmation. Top NFL coaches didn't start regularly making multiple millions until the late 1990s when former Green Bay Packers coach Mike Holmgren set the bar for lucrative coaching contracts. His deal is also being celebrated throughout coaching circles, with other coaches hoping it will push their salaries higher as well. The award is named for longtime Grambling State University coach Eddie Robinson. One reason why some owners were upset with Tepper is because they are worried it will drive up prices for talented college coaches like University of Alabama's Nick Saban, who returned to college coaching after leading the Miami Dolphins. NFL owners upset over Carolina Panthers' new head coach's $60 million contract. — Adam Schefter (@AdamSchefter) January 7, 2020. Matt Rhule became Carolina's fifth head coach in franchise history on January 8, 2020. Sign up for the Panthers Wire newsletter to get our top stories in your inbox every morning. Moore seems to be interested, for one. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Tepper blew up the entry-level coaching compensation curve with the Baylor Bears for the Panthers Wire stories each directly. Deal to head to the NFL, which money alone ca n't buy was egregious! Person familiar with the Texas school that would have taken him through the league, since Rhule has agreed a... 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