NFL owners left red-faced as Panthers sign up Matt Rhule on $60 million contract

National Football League, i.e. NFL side Carolina Panthers confirmed the appointment of Matt Rhule as their new head coach on January 7, 2020. According to reports, Panthers owner David Tepper hired Rhule on a seven-year deal worth $60 million. Panthers finished the season at the bottom in the National Football Conference Southern Division (NFC South) with a 5-11 record. Former head coach Ron Rivera was fired back in December after he led Panthers to a 5-7 win-loss start. Interim coach Perry Fewell finished the regular season with a 0-4 record. Also Read | NFL Trade Rumours: Lions QB Matthew Stafford Lined Up As Tom Brady's Replacement He’s ready to get to work 🙌 pic.twitter.com/sEsm6uhRud — Carolina Panthers (@Panthers) January 8, 2020 NFL News: Dave Tepper goes all out for Matt Rhule The former head of Baylor's football team is now the sixth-highest paid coach in the NFL behind the likes of Bill Belichick and Jon Gruden. However, all of those six coaches have won a Super Bowl. And according to the Washington Post, NFL owners are angry that Dave Tepper gave such a large contract to a first-time NFL head coach. Panthers are giving former Baylor HC Matt Rhule a seven-year - seven year - deal worth $60 million that with incentives could be worth up to $70 million, per league sources. — Adam Schefter (@AdamSchefter) January 7, 2020 Reports also add that several NFC South coaches are 'pissed' and might just shut Tepper out of the league meetings. The Panthers also reportedly paid $6 million to buy Matt Rhule out of his contract at Baylor and the 44-year-old can earn up to $70 million in total by way of various incentives in his contract. An NFC South coach, on Carolina's 7-year, $60 million contract for first-time NFL head coach Matt Rhule: "Tepper just drove the price of pork up, and I know the owners are pissed. They're gonna hurt him at the next league meetings. They might just shut him out of the room." — Robert Klemko (@RobertKlemko) January 9, 2020 Also Read | Ron Rivera Net Worth, Salary And The Reason Why He Was Fired By Carolina Panthers According to Forbes, David Tepper is the richest owner in the NFL with a net worth of $12 billion. He bought the Carolina Panthers in 2018 in a reported $2.3 billion deal. Matt Rhule, who was also linked to the New York Giants, was scheduled to have an interview with Giants owners Steve Tisch and John Mara. However, Tepper swooped and hired the coach ahead of Giants. After his appointment, Rhule revealed that he never personally spoke to anyone but Tepper and his executives at Panthers. Also Read | Tom Brady Quashes NFL Retirement Rumours In Philosophical Instagram Post Matt Rhule addresses the media after Panthers' appointment It’s the 𝚐𝚛𝚎𝚊𝚝𝚎𝚜𝚝 game 🏈 pic.twitter.com/8WRhrzsSIi — Carolina Panthers (@Panthers) January 9, 2020 Also Read | Redskins Appoint Former Panthers Coach Ron Rivera On Reported Five-year Deal (Image Credits: Carolina Panthers official Twitter handle)

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NFL owners left red-faced as Panthers sign up Matt Rhule on $60 million contract

Carolina Panthers owner David Tepper reportedly handed Matt Rhule a massive $60 million contract. This has angered other NFL teams, who think Panthers overpaid.

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