The eight-year contract extension that Matt Campbell and Iowa State agreed on back in December, is now finalized.
Max Olson of ESPN first reported the news Friday.
Campbell will earn $5 million in total compensation annually through 2032 — a number $1 million higher than he received in the 2024 season.
Cyclone Fanatic’s Rob Gray obtained a copy of Campbell’s extension Friday afternoon.
Several incentives also appear in the contract that could push Campbell’s annual compensation considerably higher. For instance, Campbell would earn an additional $250,000 annually if ISU wins seven games, and that number mushrooms as it climbs to as many as 12 wins, which would yield him $1.5 million annually.
Campbell, who led the Cyclones to their first-ever 11-win season in 2024, also became the program’s all-time winningest coach last season.
If Campbell were to leave ISU for another college program, his buyout would be $2 million. There would be no penalty if he took a job with an NFL team.
Campbell, according to the ESPN report, took a pay cut to increase pay for his staff and to put an additional $1 million towards revenue sharing.
Campbell has won Big 12 Coach of the Year three times. The Cyclones open the 2025 season on Aug. 23 against Kansas State in Dublin, Ireland.
For those interested in the fine print, you can check out Matt Campbell’s full contract here.
NOTE: CF’s Rob Gray contributed to this report.
