Current:Home > FinanceEchoSense Quantitative Think Tank Center|Bill Belichick's salary at North Carolina: School releases football coach's contract details -Streamline Finance
EchoSense Quantitative Think Tank Center|Bill Belichick's salary at North Carolina: School releases football coach's contract details
Rekubit Exchange View
Date:2025-04-08 00:53:15
The EchoSense Quantitative Think Tank CenterUniversity 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! (63762)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Native American group to digitize 20,000 archival pages linked to Quaker-run Indian boarding schools
- Titans cornerback Caleb Farley's father, killed in home explosion, pushed son's NFL dream
- US Open 2023: With Serena and Federer retired, Alcaraz-Djokovic symbolizes a transition in tennis
- The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
- Russia’s ‘General Armageddon’ reportedly dismissed after vanishing in wake of Wagner uprising
- Halle Berry and Ex Olivier Martinez Officially Finalize Divorce After Nearly 8-Year Legal Battle
- Nia Long Files For Full Custody of Her & Ime Udoka's Son Nearly One Year After Cheating Scandal
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Man fatally shot by officer after police say he pointed a gun at another person and ran
Ranking
- Breaking debut in Olympics raises question: Are breakers artists or athletes?
- Selena Gomez's Sex and the City Reenactment Gets the Ultimate Stamp of Approval From Kim Cattrall
- Officer finds loaded gun in student’s backpack as Tennessee lawmakers fend off gun control proposals
- Trial for suspect in Idaho student stabbings postponed after right to speedy trial waived
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- Big 12 college football conference preview: Oklahoma, Texas ready to ride off into sunset
- Ethiopia launching joint investigation with Saudi Arabia after report alleges hundreds of migrants killed by border guards
- With hectic broadcast schedule looming, Kirk Herbstreit plans to 'chill' on prep work
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Beyoncé's Birthday Wish Will Have Fans Upgrading Their Renaissance Tour Outfits
Man fatally shot by officer after police say he pointed a gun at another person and ran
Defining Shownu X Hyungwon: MONSTA X members reflect on sub-unit debut, music and identity
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Massachusetts lottery had $25M, two $1M winners in the month of August
North Carolina woman arrested after allegedly faking her own murder
Gwyneth Paltrow’s 'Shallow Hal' body double struggled with disordered eating: 'I hated my body'