Report: Panthers paid Baylor $6 million buyout to hire Matt Rhule

The Carolina Panthers paid $6 million to Baylor University for a buyout to hire their new head coach Matt Rhule.

The Carolina Panthers paid $6 million to Baylor University for a buyout to hire their new head coach Matt Rhule, according to a report by Adam Schefter at ESPN.

Rhule’s new contract with Carolina is worth $60 million over the next seven years. He can push his earnings as high as $70 million if he reaches all of his incentives. So, another $6 million on top is no big deal, especially if you happen to be the wealthiest owner in the NFL.

While the timing was a surprise, it sounds like owner David Tepper had Rhule at the top of his list all along.

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Report: Panthers giving new coach Matt Rhule 7-year, $60 million deal

The Carolina Panthers are making a huge commitment to their new head coach Matt Rhule.

The Carolina Panthers are making a huge commitment to their new head coach Matt Rhule. According to a report by Adam Schefter at ESPN, Rhule’s contract is for seven years and is worth $60 million. The deal includes incentives that could push the total to $70 million.

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.

Rhule had the least NFL experience of the candidates, but he does bring a well-rounded history, having coached several different position groups as well as offense, defense and special teams.

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