Sources: Nebraska's Rhule signs 2-year extension through 2032 - ESPN

Nebraska has signed coach Matt Rhule to a two-year contract extension which will take him through the 2032 season, sources told ESPN.

The extension includes an increase in Rhule's buyout this season to $15 million from $5 million, which would effectively eliminate him from taking another job in this cycle.

Rhule and his family's happiness at Nebraska, where he's in his third year as head coach, was the primary driver behind him agreeing to a new deal, per ESPN sources. Nebraska is 6-2 this year, and Rhule led the program to its first bowl game since 2016 last year. He has spoken frequently about the potential of the Nebraska program.

Rhule had been frequently been linked to the open job at his alma mater, Penn State. And this extension essentially takes another prominent name out of contention for the eight power-conference jobs that have opened so far this year.

Per sources, the new deal does not include any change in base compensation. It does offer the additional incentive for base salary if Nebraska reaches the College Football Playoff. There's an innovative new clause in the deal that states every time Nebraska qualifies for the CFP, Rhule's base salary for each year on the deal increases by $1 million.

Rhule's salary throughout the course of the deal has an AVV of more than $11.7 million (including retention bonuses). That number puts him in the highest echelon of college coaches over the course of the deal.

Rhule's two additional years are at $12.5 million, the same as the final year of his current deal in 2030. The deal remains 90% guaranteed.

This season, Rhule is currently in the top 15 in salary at $8.5 million. Prior to the extension, the deal included significant escalators in the contract, as in 2027, he'll