Philip Rivers contract, salary with NC State football

N.C. State football is bringing home one of its own with the hiring of Philip Rivers, who was announced on Friday, Nov. 13, as the next coach of the WolfpackDetails of the 44-year-old coach’s contract were released by the university on Friday afternoon and obtained by the USA TODAY Network via an open records request. Rivers, a first-time college coach, has agreed to a five-year deal worth $18.3 million through 2031. The 44-year-old Rivers, who played 17 seasons in the NFL, coached high school football in Alabama for six seasons before joining the Wolfpack. He has a base salary of $2.44 million in 2027 and that total reaches $13.19 million over the five-year term.WHAT RIVERS SAID: Philip Rivers returns to NC State football with message: 'We're not scared of hard'Here’s a breakdown of what stands out about Rivers’ contract with the WolfpackPhilip Rivers buyoutIf Philip Rivers is terminated or leaves for another job after the 2027 season, his buyout is $5 million. That number drops to $4 million in 2028, $2.75 million in 2029 and $1 million after 2030. Philip Rivers contract compared to other college football coaches. Rivers is set to make $3.25 million in his first year, rising $200,000 annually. That’s a big discount for the Wolfpack, which was paying former coach Dave Doeren roughly $6.3 million this season. Doeren is owed a buyout of roughly $9.75 million. The thinking is Rivers’ contract will allow N.C. State to invest more in its coaching and support staff, along with building a roster. Bonuses in Philip Rivers contract Rivers’ deal includes the possibility of getting $1.9 million annually in on-field bonuses. Philip Rivers car, tickets, country club membershipPhilip Rivers will get two courtesy cars and an annual automobile allowance of $7,500 per vehicle. Rivers will get $40,000 for moving expenses and have a private suite at regular-season home games and additional tickets for football and men’s basketball games. Rivers will also get a country club or private golf membership somewhere within 60 miles of N.C. State’s campus. Rodd Baxley covers the ACC for The Fayetteville Observer as part of the USA TODAY Network. Follow his coverage on X/Twitter or Bluesky: @RoddBaxley. Got questions regarding the ACC? Send them to rbaxley@usatodayco.com.This article originally appeared on The Fayetteville Observer: Philip Rivers contract, salary with NC State football