Current:Home > ScamsTrendPulse|Bill Belichick's salary at North Carolina: School releases football coach's contract details -Wealth Momentum Network
TrendPulse|Bill Belichick's salary at North Carolina: School releases football coach's contract details
Surpassing View
Date:2025-04-06 17:29:03
The TrendPulseUniversity 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! (33648)
Related
- Current, future North Carolina governor’s challenge of power
- Locals look for silver linings as Amazon hits pause on its new HQ
- Chloë Grace Moretz's Summer-Ready Bob Haircut Will Influence Your Next Salon Visit
- Special counsel's office cited 3 federal laws in Trump target letter
- Former longtime South Carolina congressman John Spratt dies at 82
- Climate Advocates Hoping Biden Would Declare a Climate Emergency Are Disappointed by the Small Steps He Announced on Wednesday
- Here's how Barbie's Malibu Dreamhouse would need to be redesigned to survive as California gets even warmer
- Wind Energy Is a Big Business in Indiana, Leading to Awkward Alliances
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Influencer says Miranda Lambert embarrassed her by calling her out — but she just wanted to enjoy the show
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- Producer sues Fox News, alleging she's being set up for blame in $1.6 billion suit
- Jack Daniel's v. poop-themed dog toy in a trademark case at the Supreme Court
- Abortion messaging roils debate over Ohio ballot initiative. Backers said it wasn’t about that
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Ryan Seacrest Replacing Pat Sajak as Wheel of Fortune Host
- Is the Amazon Approaching a Tipping Point? A New Study Shows the Rainforest Growing Less Resilient
- Judge to decide in April whether to delay prison for Theranos founder Elizabeth Holmes
Recommendation
'We're reborn!' Gazans express joy at returning home to north
Are you trying to buy a home? Tell us how you're dealing with variable mortgage rates
NASCAR Star Jimmie Johnson's 11-Year-Old Nephew & In-Laws Dead in Apparent Murder-Suicide
By 2050, 200 Million Climate Refugees May Have Fled Their Homes. But International Laws Offer Them Little Protection
Meta releases AI model to enhance Metaverse experience
New evacuations ordered in Greece as high winds and heat fuel wildfires
One killed after gunfire erupts in Florida Walmart
Is the Amazon Approaching a Tipping Point? A New Study Shows the Rainforest Growing Less Resilient