Current:Home > MarketsBill Belichick's salary at North Carolina: School releases football coach's contract details -Wealth Momentum Network
Bill Belichick's salary at North Carolina: School releases football coach's contract details
View
Date:2025-04-17 21:51:07
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! (7)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- In Japan, Ohtani’s ‘perfect person’ image could take a hit with firing of interpreter over gambling
- 78,000 more public workers are getting student loans canceled through Biden administration changes
- ‘Every shot matters to someone.’ Basketball fans revel in, and bet on, March Madness tournament
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- U.S. looks at Haiti evacuation options as Americans and Haitians hope to escape gang violence
- Tennessee Senate advances nearly $2 billion business tax cut, refund to prevent lawsuit
- Vasectomies and March Madness: How marketing led the 'vas madness' myth to become reality
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Pennsylvania house fire kills man, 4 children as 3 other family members are rescued
Ranking
- B.A. Parker is learning the banjo
- 'We were surprised': Intermittent fasting flagged as serious health risk
- 78,000 more public workers are getting student loans canceled through Biden administration changes
- Unlock the full potential of Google: Image and video search secrets revealed!
- In ‘Nickel Boys,’ striving for a new way to see
- Meeting the mother of my foster son changed my mind about addiction – and my life
- A hot air balloon crashed into a power line and caused a fire, but everyone is OK
- This Real Housewives of Beverly Hills Star Is Leaving After Season 13
Recommendation
Travis Hunter, the 2
You Only Have One Day To Shop These Insane Walmart Deals Before They're Gone
Stock Up on Spring Cleaning Essentials in Amazon's Big Spring Sale: Air Purifiers for 80% Off & More
78,000 more public workers are getting student loans canceled through Biden administration changes
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Aaron Taylor-Johnson says fascination with wife's 23-year age gap is 'bizarre'
Prosecutors say Donald Trump’s hush money trial should start April 15 without further delay
US men's soccer team Concacaf Nations League semifinal vs. Jamaica: How to watch, rosters