Nebraska Fans, Don't Freak Out
This College Football Season has been a bit of a roller coaster for the Nebraska Cornhuskers after parting ways with Coach Scott Frost following Nebraska's 45-42 loss to Georgia Southern in the third game of the season. Coach Mickey Joseph, who stepped into the Head Coaching role after Frost's departure, started his tenure off with a loss to Oklahoma and a win against Indiana and Rutgers. The 2-1 start for Joseph was followed up with a five-game losing streak, and he finished the season off on a good note, winning the "Heroes Game" against Iowa, snapping a seven-game losing streak in the series.
As the season concluded, Nebraska has decided on who their next head coach will be. After a failed run with the Carolina Panthers, Matt Rhule will take the reigns for the Nebraska Cornhuskers.
Before Rhule's tenure in Carolina, he successfully (depending on who you ask) rebuilt the Baylor Bears Football Program. It took him three years, but in Rhule's last year at Baylor, the Bears finished with an 11-3 record, a trip to the Big 12 Championship Game, which they lost to Oklahoma, and a trip to the Sugar Bowl, which they lost to Georgia. So we can all agree that he has proven to be a decent coach at the college level.
Nebraska has signed Rhule on for eight years, and at this moment, we're not entirely sure how much, but we suspect it's somewhere in the vicinity of $7m per year. At first glance, this type of contract looks like a HUGE commitment, and it is, but Nebraska fans don't need to worry if Rhule turns out to not be that guy.
In college football, there isn't a maximum amount a head coach can make, though Nick Saban is the highest paid at $10.95 million per year. For the 2021 fiscal year, Nebraska's athletic department reported $92m in revenue, which was far less than usual because of the COVID-19 pandemic.
With those numbers, it's easy to conclude that should the cornhuskers have to buy out Rhule's contract in a few years, the hit won't be that bad. So while we're going to hope for success to come to Nebraska, we can always plan for the worst, which, financially, the worst isn't that bad.
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