Current:Home > ContactBill Belichick's salary at North Carolina: School releases football coach's contract details -Golden Summit Finance
Bill Belichick's salary at North Carolina: School releases football coach's contract details
View
Date:2025-04-15 07:58:15
The University of North Carolina has agreed to pay new football coach Bill Belichick $10 million a year, according to a term sheet the university released Thursday afternoon.
While the agreement is for five years, only the first three years’ pay is guaranteed in case Belichick is fired without cause.
The annual pay figure is double what North Carolina had been paying recently fired coach Mack Brown. It would make Belichick the sixth-highest paid college football coach at a public school for the 2025 football season, according to the USA TODAY Sports annual salaries database and contracts obtained through open-records requests.
Among coaches at public schools, Belichick will trail Georgia’s Kirby Smart, Clemson’s Dabo Swinney, Texas' Steve Sarkisian, Florida State's Mike Norvell and Alabama's Kalen DeBoer. Southern California’s Lincoln Riley was paid $10,043,418 during the 2022 calendar year, according to the university’s most recently available tax records – the only documents available because USC is a private school.
Belichick’s deal also provides him with a $100,000 expense annual expense account and the possibility of getting $3.5 million a year in bonuses. Among the bonuses, a total of $250,000 looks to be routinely attainable: $150,000 for the team playing in a non-CFP bowl game, which generally requires a record of at least 6-6 (UNC's record this season), and $100,000 for the team having a single-year NCAA Academic Progress Rate figure of 950 to 969 (the team has exceeded 950 in each of the past three years).
In addition, the term sheet says North Carolina will provide:
--$10 million as an "assistant coach salary pool." (This season, UNC is paying nearly $7.4 to its 10 primary assistants, according to information obtained from the school by USA TODAY Sports. The NCAA Division I Council this past summer eliminated its 10-person limit on the number on-field assistant coaches at schools other than service academies.)
--$1 million for strength and conditioning staff.
--$5.3 million for support staff, including funding for a new general manager position with pay "not to exceed $1.5 million." During a news conference Thursday, Belichick said that role will be taken by Mike Lombardi, a former NFL executive. Alabama GM Courtney Morgan is due to make $825,000 next season.
--$13 million as what the term sheet called "revenue sharing.” This is presumably a figure that represents the total amount of money the university plans to pay to football players as consideration for the use of their name, image and likeness if a federal judge grants final approval in April to the proposed settlement of antitrust lawsuits against the NCAA and the Power Five conferences.
So far, North Carolina is the first school to publicly disclose as part of a coach's employment terms the amount it intends to provide football players for their NIL rights.
Under the settement's terms, schools are expected to be allowed to pay their athletes, across all sports, $20 million to $23 million for their NIL rights.
(This story was updated with new information.)
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (9)
Related
- Meet first time Grammy nominee Charley Crockett
- Seattle Kraken fire coach Dave Hakstol after giving him an extension last summer
- Williams-Sonoma must pay $3.2 million for falsely claiming products were Made in the USA
- Billy Joel's ex-wife Christie Brinkley dances as he performs 'Uptown Girl': Watch
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- The Most-Shopped Celeb Recommendations This Month: Gwyneth Paltrow, Kyle Richards, and More
- Duo charged with murder in killings of couple whose remains were found scattered on Long Island
- Are you balding? A dermatologist explains some preventative measures.
- 'Most Whopper
- Ben Affleck May Have Just Made Himself Another Meme
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Person of interest sought in shooting on Navajo Nation in northern Arizona
- Duo charged with murder in killings of couple whose remains were found scattered on Long Island
- Britney and Jamie Spears settlement avoids long, potentially ugly and revealing trial
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- A Colorado woman was reported missing on Mother’s Day 2020. Her death was just ruled a homicide
- Hamas releases propaganda video of two hostages, including a kidnapped American citizen
- Britney and Jamie Spears settlement avoids long, potentially ugly and revealing trial
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Former NSA worker gets nearly 22 years in prison for selling secrets to undercover FBI agent
Jax Taylor and Brittany Cartwright Reveal Very Different Takes on Their Relationship Status
Prince Harry and Meghan to visit Nigeria to talk Invictus Games
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Ethics committee dismisses complaint against Missouri speaker
Remote Lake Superior island wolf numbers are stable but moose population declining, researchers say
Person stabbed after argument on LA bus, one day after new protective barriers for drivers are announced