Carolina Panthers

Reports: Panthers reward coach Ron Rivera with a 1-year extension, raise

Published Jun. 16, 2016 4:14 p.m. ET

foxsports

Carolina Panthers head coach Ron Rivera has received a one-year contract extension and a raise that will increase his pay to more than $6 million per year, the Charlotte Observer first reported Thursday.

In total, the new deal is reportedly worth $19.5 mllion over three years and will keep him signed through the 2018 season. He also now ranks among the NFL's 10 highest paid coaches.

#Panthers coach Ron Rivera had his old deal torn up & signed a new 3-yr contract worth $19.5M, per source. $3M more available in incentives
— Ian Rapoport (@RapSheet) June 16, 2016

Rivera led his team to an NFL-best 15-1 record in the regular season and to the Super Bowl last season, earning multiple coach of the year honors.

In five years with the Panthers, Rivera is 47-32-1 and has won three consecutive NFC South titles. He is 6-3 in the postseason and also was named AP Coach of the Year following the 2013 season.