Sydney, Australia –** In a groundbreaking move for international rugby, Joe Schmidt has officially agreed to a two-year contract with Rugby Australia worth a staggering $99.7 million. The deal, announced earlier today, positions Schmidt as one of the highest-paid coaches in the sport’s history.

Schmidt, renowned for his successful tenure as head coach of the Irish national team, brings a wealth of experience and a proven track record of success to the Wallabies. Under his leadership, Ireland clinched three Six Nations Championships, including a Grand Slam in 2018, and rose to second place in the World Rugby Rankings.

Rugby Australia CEO, Andy Marinos, expressed his enthusiasm for the new partnership, stating, “We are thrilled to welcome Joe Schmidt to the Rugby Australia family. His expertise, strategic acumen, and ability to inspire players make him the ideal choice to lead the Wallabies into a new era. This investment reflects our commitment to returning Australian rugby to its former glory on the world stage.”

Schmidt’s appointment comes at a critical juncture for the Wallabies, who have struggled with inconsistent performances in recent years. His primary objectives will include revitalizing the team’s competitive edge, enhancing player development programs, and steering Australia to success in the upcoming Rugby Championship and 2025 Rugby World Cup.

In his first public statement following the announcement, Schmidt conveyed his excitement and determination to embrace the new challenge. “I am honored to have the opportunity to coach the Wallabies and to contribute to the growth of rugby in Australia. This is a team with immense potential, and I am committed to working tirelessly to achieve our shared goals.”

The rugby community has reacted with mixed emotions to the news. While many laud the bold move by Rugby Australia, some have raised eyebrows at the unprecedented financial commitment. Nonetheless, the consensus is that Schmidt’s appointment marks a pivotal moment for the sport in Australia.

As the Wallabies gear up for their next series of matches, all eyes will be on Schmidt and his ability to transform the team’s fortunes. The contract, set to commence in July, allows Schmidt ample time to implement his strategies ahead of the 2024 international season.

This landmark deal not only signifies a new chapter for the Wallabies but also sets a new benchmark for coaching contracts in the realm of international rugby.

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