That didn’t take long.
Less than two months after being fired by the Carolina Panthers, Matt Rhule has landed on his feet rather quickly. The 47-year-old coach will now head back down to the college ranks and all the way over to Lincoln, Neb.—where he’ll lead the University of Nebraska Cornhuskers.
For Rhule, this is obviously a fantastic move and a great opportunity. As he did at Temple University and Baylor University, he’ll have another chance to reshape and rebuild a collegiate program—but now, on a bit of a larger scale.
But what does this mean for the Panthers?
Well, it’s actually the best-case scenario for owner David Tepper and company. The quicker Rhule found a new job the better it’d be for Carolina—and that’s precisely what happened.
At the time he was fired, Rhule was still owed approximately $40 million of his seven-year, $62 million contract. And now that Nebraska has brought him in, the Panthers will get a dollar-for-dollar credit against what’s left of the deal as soon as he begins at his new digs.
So, based on what he makes there, the buyout is coming.
