Iowa State head coach Matt Campbell has been the head coach for the Cyclones since 2016 as he has produced a 53-48 record over eight seasons. During that time, he received a contract extension with higher pay thanks to six winning seasons in eight years. How much is Campbell getting paid from Iowa State from 2024 and beyond?
Matt Campbell’s Salary and Contract in 2024
After completing a 9-3 season in 2020, Campbell and Iowa State agreed on a new contract extension that would keep him with the school through the 2028 season. Under the terms of that contract, according to USA Today, Campbell earns an annual base salary of $4 million — including for the 2024 college football campaign.
Campbell’s salary and contract showcase the level of relative success that he’s achieved at a program where he’s viewed as a legend. When he took over the head coach role in 2016, his salary was $2 million per year. As a result of his most recent extension, he has doubled his salary in eight years. Impressive.
Furthermore, Campbell has an extensive bonus structure in place. While specific details are not publicly available, it is known that he can earn up to $2.25 million in a best-case scenario. In 2022 — the worst season of his tenure with a 4-8 record and just one Big 12 victory — he still earned a bonus of $300,000.
While in-depth specifics of his contract are sparse, several factors outside of Campbell’s salary are publicly available. For example, in order to help build a winning product on the football field, the school added a $3 million salary pool for the Cyclones coaching staff.
Campbell’s contract also contains an unusual — potentially unique — clause. While he has a $4 million buyout embedded, the Cyclones’ head coach can walk away from the program penalty-free if Iowa State increases admission requirements above those required by the NCAA.
According to Outkick.com, the current NCAA threshold requires applicants to hold a Grade Point Average (GPA) of 2.3 and the completion of 16 NCAA-approved core-course credits in English, math, or science. If Iowa State were to raise their admission standards above that marker, Campbell would be free to leave.
Matt Campbell’s Net Worth
Campbell’s contract extension following the 2020 season was essentially an eight-year deal. His base salary is reported to be $4 million per year under that agreement, which would put his net worth at $32 million.
However, that figure doesn’t include the additional performance-related bonuses or any additional perks of the job. It also doesn’t include any salary that Campbell has accrued at other stops along his coaching journey.
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Regardless of the financial value attributed to Campbell, his net worth to Iowa State as the continued leader of the Cyclones football program far outstrips any monetary amount.
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