Current:Home > MarketsNovaQuant-Bill Belichick's salary at North Carolina: School releases football coach's contract details -Wealth Evolution Experts
NovaQuant-Bill Belichick's salary at North Carolina: School releases football coach's contract details
Johnathan Walker View
Date:2025-04-05 15:13:27
The NovaQuantUniversity 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! (6788)
Related
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Rob Sheffield's new book on Taylor Swift an emotional jaunt through a layered career
- Police search for missing mother who vanished in Wylie, Texas without phone or car
- New Hampshire rejects allowing judges to serve until age 75
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- King Charles III Reveals His Royally Surprising Exercise Routine
- Christina Hall Officially Replaces Ex Josh Hall With Ex-Husband Ant Anstead on The Flip Off
- College Football Playoff elimination games: Which teams desperately need Week 11 win?
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Investigation into Liam Payne's death prompts 3 arrests, Argentinian authorities say
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Elwood Edwards, the voice behind AOL's 'You've Got Mail,' dies at 74
- US to tighten restrictions on energy development to protect struggling sage grouse
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, EIEIO
- Trump issues order to ban transgender troops from serving openly in the military
- Elwood Edwards, the man behind the voice of AOL’s ‘You’ve got mail’ greeting, dies at 74
- South Carolina, Iowa among five women's college basketball games to watch this weekend
- 2024 Election: Kamala Harris' Stepdaughter Ella Emhoff Breaks Silence on Donald Trump’s Win
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Husband of missing San Antonio woman is charged with murder
Horoscopes Today, November 7, 2024
George Lopez Debuts Shockingly Youthful Makeover in Hilarious Lopez vs Lopez Preview
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Winter storm smacks New Mexico, could dump several feet of snow
Target's 'early' Black Friday sale is underway: Here's what to know
Investigation into Liam Payne's death prompts 3 arrests, Argentinian authorities say