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Nebraska Extends Matt Rhule Through 2032, Boosts Buyout and Adds CFP Incentives

The enhanced buyout plus CFP incentives make him an unlikely candidate for Penn State’s opening.

Overview

  • Nebraska announced a two-year extension for Matt Rhule that runs through the 2032 season, keeping his base pay unchanged while adding bonuses for College Football Playoff appearances.
  • ESPN reported the deal raises Rhule’s buyout this season to $15 million from $5 million, a figure widely viewed as taking him off the market in this hiring cycle.
  • Rhule, a Penn State alumnus long linked to the vacancy created by James Franklin’s firing, is now broadly considered out of that search.
  • Athletic director Troy Dannen cited continuity and stability as priorities, praising Rhule’s leadership as Nebraska sits 6-2 after delivering the program’s first winning season since 2016 last year.
  • Earlier social-media claims and a booster’s public denial preceded Thursday’s formal announcement, which clarified the extension’s term and incentive structure.