The Carolina Panthers have agreed to a seven-year, $60 million deal with Matt Rhule. The deal contains another $10 million in possible incentives.

Rhule will leave Baylor for his first head coaching job in the NFL.

Rhule was also a leading candidate for the New York Giants.

Ian Rapoport of NFL.com reports Rhule called the Giants and gave them the opportunity to match, but they declined and instead pivoted to Joe Judge.