Ron Rivera Signs a Lucrative Contract Extension with Carolina Panthers
The NFC Champion Carolina Panther have given their Head Coach Ron Rivera a contract extension that will fatten his wallet in 2016.
The Carolina Panthers and Ron Rivera agreed to an extension that will pay him more than $6 million per year, as originally reported by Joseph Person of the Charlotte Observer.
Rivera now among top 10 highest-paid coaches at more than $6 million a year. https://t.co/AtjANTviId
— Joe Person (@josephperson) June 16, 2016
NFL Network insider Ian Rapoport says the deal will be for three years worth $19.5 million, not including incentives.
#Panthers coach Ron Rivera had his old deal torn up & signed a new 3-yr contract worth $19.5M, per source. $3M more available in incentives
— Ian Rapoport (@RapSheet) June 16, 2016
The new contract will make “Riverboat Ron” a top 10 paid coach with the likes of Mike McCarthy, Jason Garrett, and Bruce Arians. Only Sean Payton, Pete Carroll, and Bill Belichick make upwards of $7.5-8 million per season, which each of them has earned as an NFL head coach.
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Ron Rivera will be entering his sixth season with the Carolina Panthers since taking over in 2011. He has earned two Coach of the Year awards and has taken the Panthers to three straight playoff appearances, including last season when he lead the Panthers to the Super Bowl.
After being on the hot seat following a 7-8-1 season, Rivera’s Panthers went 15-1 in 2015 with the best rushing attack in the league and league MVP Cam Newton leading the way at quarterback. Rivera has a 47-32-1 record in his first NFL head coaching job.
A linebacker who played his entire career with the Chicago Bears during their Super Bowl run during the 1980s, Rivera became the linebacker coach under Andy Reid with the Philadelphia Eagles. He returned to Chicago in 2004 as the Defensive Coordinator before earning the same title with the San Diego Chargers in 2008 after a year managing the linebackers.
At the conclusion of their Super Bowl defeat in February, the team announced extensions for the assistant coaches that ran through 2017.