Nebraska Cornhuskers fans might be letting out a big sigh of relief. For the past few weeks, they must be seeing James Franklin and Penn State Nittany Lions haunting their dreams. After all, after they fired their head coach, the Cornhuskers’ head coach Matt Rhule caught up the buzz to be swapping wagons. However, in this crucial juncture, Nebraska could not afford to lose Rhule. Finally, the program stepped up and put the heaviest lock on the door to stop their head coach from moving out. Here comes the contract details

How much is Matt Rhule’s Contract with the Nebraska Huskers?

On October 29, 247Huskers tweeted, “BREAKING: #Nebraska Head Coach Matt Rhule has signed an extension with the Huskers keeping him beyond 2030. An announcement is expected on Thursday. #GBR Via @Huskermax.” As things stand, Rhule is under contract for five more seasons. The last time he signed a contract was in 2022, which was an eight-year deal worth $74 million. The specifics are still under wraps, but one thing’s certain, Rhule’s getting a raise. His deal was set to jump from $7.5 million this year to a hefty $12.5 million by 2030.

How much is Matt Rhule’s Salary?

As per USA Today’s list of college football head coaches’ salaries, Rhule stands at No.15. The Big 10 head coach’s salary is reported to be $8,500,000. The Nebraska head coach is entitled to a maximum bonus of $950,000. For the 2024-25 season, the Cornhuskers have already paid Rhule $150,000 as a bonus. As of 12th January, 2025, his buyout figure sits at $49,612,500. This figure will surely go up now that Rhule has signed a new extension. 

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Over the past few years, Rhule has climbed the financial ladder in Nebraska. Rhule signed an eight-year contract in 2022. In 2023, he was drawing a total pay of $5,500,000. He then sealed a hike in 2024, drawing $6,500,00, which in the next year rose to $8,500,000. 

How Does Matt Rhule’s Nebraska Contract Compare to His Previous Coaching Deals?

Rhule honed his craft under Al Golden and Steve Addazio at Temple from 2006 to 2011 before a pit stop in the NFL with the New York Giants. One year later, the prodigal coach returned, only this time, he was running the show in Temple.

Rhule’s debut season was rough, a 2-10 stumble, which happened to be the worst in the Owls’ history since 2006. But he soon turned the tables. In the second year, he left his mark by sealing a Vanderbilt road win and Temple’s first-ranked victory in 16 years, finishing the season 6-6. He gifted them two 10-win seasons, won an American Athletic Conference title, and saw time ranked in the national polls for the first time since 1979. In 2015 at Temple, Rhule drew a total pay of $648,633, which rose to $1,041,739 in 2016. 

Then came his stint at Baylor. Just like the Owls, Rhule had a rocky start with the Bears, as they started the 2017 season 0-8. The very next year, Rhule’s magic worked as they started the season with three wins in their first four games, also their first Bowl game appearance. As per Rhule’s 2019 reported earnings, he drew $4,113,734. Now what about Nebraska?

We are yet to know the contract extension in detail. However, his first season with Nebraska would fall under the successful chapter category. A 5-7 record might not turn heads, but for Nebraska, it was progress, their first time topping four wins since 2019. So, the wait game is on for Nebraska to make the official announcement.