This season, Rivera has guided the Panthers to an 11-5 record and a playoff berth. Relegated to a wild card berth by virtue of a season finale loss to Atlanta, the Panthers will face divisional victor and rival, New Orleans on the road.
The contract ties the Panthers to Rivera through the 2020 season.
Rivera oversaw an NFC-record 18-game regular-season winning streak that spanned the 2014 and 2015 seasons and led to Carolina's Super Bowl appearance in 2015, which they lost 24-10 to the Denver Broncos.
"What's decided, we'll see", Rivera said earlier this week when asked about a possible extension. Neither team has been completely healthy when they met previously, but the Panthers will have tight end Greg Olsen and center Ryan Kalil available this time around.
Rivera is 64-47-1 in seven seasons with the Panthers. The team will go up for sale at season's end in the midst of an National Football League investigation into allegations of inappropriate workplace behavior by owner Jerry Richardson.
So Rivera will still have to impress the Panthers' next owner or else he'll be out, new contract or not.
And Rivera has earned more time at the helm. "That's a big reason why I want to continue my association with this organization".
Under Rivera, Carolina has produced 28 Pro Bowl and 18 All-Pro selections, including linebacker Luke Kuechly (Pro Bowl, First-Team All-Pro), guard Andrew Norwell (First-Team All-Pro) and tackle Daryl Williams (Second-Team All-Pro) in 2017. He was a member of the 1985 Super Bowl XX winning team.