Matt Rhule Says The Panthers Owe Him $5 Million and He Wants His Money – BlackSportsOnline
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Matt Rhule Says The Panthers Owe Him $5 Million and He Wants His Money

Matt Rhule is back in college after a somewhat unsuccessful tenure in the NFL.

He was fired this season after a 1-4 start with the team, and he landed with Nebraska as he’ll look to lead them back to their glory days.

But first, according to an arbitration suit he recently filed, Rhule is seeking about $5 million in offset severance compensation from the Panthers.

Rhule, now the head coach at Nebraska, is seeking money he believes the Panthers still owe him after he was fired Oct. 10, the source said. Rhule was hired as Nebraska coach in late November.

Rhule hired New York City employment attorney John Singer of Singer Deutsch LLP to file the complaint with the NFL, which likely will decide how the arbitration is handled. Jay Morakis of M Group Strategic Communications, which works with the legal team, declined to comment.

Rhule was owed roughly $34 million by the Panthers after his dismissal. He received a reported eight-year, $72 million deal with Nebraska that offset most of that.

The suit, according to the source, doesn’t specifically mention the exact amount of money being disputed by the team. But the source said the approximate amount is $5 million based on the contract terms.

This is a very interesting development and might set the tone for future coaches that are fired.

You know that Rhule wants all his money. This is why you should never hire a college coach on such a long contract. Rhule did get paid by Nebraska, so that is why the Panthers are trying to get out of paying him.

It seems like there is some disagreement on the offset language, which is what the arbitrator will try to figure out. The fact Rhule got some high price attorneys means he means business. I wonder if Nebraska is paying for it.

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