The Carolina Panthers have found their next head coach in the college football ranks.
Baylor head coach Matt Rhule is reportedly finishing a deal to become the fifth permanent head coach of the Panthers, according to Yahoo’s Pete Thamel.
ESPN’s Adam Schefter reported that Rhule agreed Tuesday to a seven-year contract worth $60 million, and with incentives, could be worth up to $70 million.
Rhule made $4.1 million this season as Baylor’s coach. The Panthers paid Baylor a $6 million buyout to hire their new head coach, league sources told Schefter.
According to NFL insider Ian Rappaport, the Panthers had their search narrowed down to two — Josh McDaniels and Rhule — but owner David Tepper spent Monday in Waco, Texas with Rhule and his family and heard enough.
The Panthers are finalizing a deal with Matt Rhule of Baylor to be their next head coach as Yahoo reported. Wow
— Jason La Canfora (@JasonLaCanfora) January 7, 2020
Rather than risk Rhule getting on the plane, Rappaport said he made a deal.