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Nebraska Extends Matt Rhule Through 2032, Raising Buyout to $15 Million

Playoff-based incentives reshape his pay structure, effectively removing him from this coaching cycle.

Overview

  • Nebraska announced Thursday a two-year add-on for Rhule that keeps him under contract through the 2032 season.
  • The buyout for this season rises to $15 million from $5 million, a change multiple outlets say deters any move to another job.
  • The extension leaves base salary unchanged but adds bonuses for College Football Playoff appearances and a clause that boosts his annual base by $1 million each time Nebraska reaches the CFP.
  • ESPN reports the two added years are set at $12.5 million each, the deal remains roughly 90% guaranteed, and the average value exceeds $11.7 million including retention bonuses.
  • Rhule has Nebraska 6-2 in Year 3 and 18-15 overall, and his decision narrows Penn State’s options to candidates such as Mike Elko and Jeff Brohm after James Franklin’s firing.