Sources: Baylor’s Matt Rhule to be Panthers’ next coach, gets 7-year, $60M deal

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