Current:Home > StocksSignalHub-Bill Belichick's salary at North Carolina: School releases football coach's contract details -Wealth Evolution Experts
SignalHub-Bill Belichick's salary at North Carolina: School releases football coach's contract details
PredictIQ Quantitative Think Tank Center View
Date:2025-04-06 22:35:34
The SignalHubUniversity 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
- Trump invites nearly all federal workers to quit now, get paid through September
- George Floyd's brother says he still has nightmares about his 2020 murder
- He fell ill on a cruise. Before he boarded the rescue boat, they handed him the bill.
- Utah man declined $100K offer to travel to Congo on ‘security job’ that was covert coup attempt
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Mom who went viral exploring a cemetery for baby name inspo explains why she did it
- Luka Doncic's 3-pointer over Rudy Gobert gives Mavs dramatic win, 2-0 lead over Timberwolves
- Man convicted of murder in death of Washington state police officer shot by deputy
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- King Charles III and Prince William cancel royal outings amid political shifts in U.K.
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Lionel Messi’s Vancouver absence is unfortunate, but his Copa América run is paramount to U.S.
- NASCAR at Charlotte spring 2024: Start time, TV, streaming, lineup for Coca-Cola 600
- Nicki Minaj Detained by Police at Amsterdam Airport and Livestreams Incident
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Here Are The Best Deals From Wayfair's Memorial Day Sale 2024: Up to 83% Off Furniture, Appliances & More
- Groups claim South Florida districts are racially gerrymandered for Hispanics in lawsuit
- WNBA heads to Toronto with first international team as league expands
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Forecasters warn Oklahoma may see dangerous tornadoes as Texas bakes in record heat
After Five Years Without Drinkable Water, a Nebraska Town Asks: When Will Our Tap Water Be Safe?
Dallas Stars tie series with Edmonton Oilers, end Leon Draisaitl's point streak
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Lawsuit filed in the death of dancer with a peanut allergy who died after eating mislabeled cookie
All Of Your Burning Questions About At-Home LED Light Therapy Devices, Answered
A rare 6-planet alignment will occur next month. Here's what to know.
Tags
Like
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Cracker Barrel stock plummets after CEO says chain isn't as 'relevant,' 'must revitalize'
- Italian teenager Carlo Acutis to become first millennial Catholic saint after second miracle attributed to him