Current:Home > StocksTradeEdge-Bill Belichick's salary at North Carolina: School releases football coach's contract details -FundGuru
TradeEdge-Bill Belichick's salary at North Carolina: School releases football coach's contract details
Charles Langston View
Date:2025-04-08 21:54:28
The TradeEdgeUniversity 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! (9342)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Week 3 college football winners and losers: Georgia shows grit, Alabama is listless
- Fulton County judge to call 900 potential jurors for trial of Trump co-defendants Chesebro and Powell
- 'Rocky' road: 'Sly' director details revelations from Netflix Sylvester Stallone doc
- Retirement planning: 3 crucial moves everyone should make before 2025
- Woman and father charged with murder, incest after 3 dead infants found in cellar in Poland
- Small plane crashes in Brazil’s Amazon rainforest, killing all 14 people on board
- Missing the Emmy Awards? What’s happening with the strike-delayed celebration of television
- What do we know about the mysterious drones reported flying over New Jersey?
- McBride and Collier lead Lynx over Sun 82-75 to force a deciding Game 3 in WNBA playoffs
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Zimbabwe’s reelected president says there’s democracy. But beating and torture allegations emerge
- California Gov. Gavin Newsom says he will sign climate-focused transparency laws for big business
- McBride and Collier lead Lynx over Sun 82-75 to force a deciding Game 3 in WNBA playoffs
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Hillary Rodham Clinton talks the 2023 CGI and Pete Davidson's tattoos
- Bernie Taupin says he and Elton John will make more music: Plans afoot to go in the studio very soon
- Zimbabwe’s reelected president says there’s democracy. But beating and torture allegations emerge
Recommendation
Intel's stock did something it hasn't done since 2022
‘Nun 2' narrowly edges ‘A Haunting in Venice’ over quiet weekend in movie theaters
Barry Sanders once again makes Lions history despite being retired for 25 years
Alabama Barker Shares What She Looks Forward to Most About Gaining a New Sibling
At site of suspected mass killings, Syrians recall horrors, hope for answers
'Wait Wait' for September 16, 2023: With Not My Job guest Hillary Rodham Clinton
Lee makes landfall with near-hurricane strength in Canada after moving up Atlantic Ocean
Former Phillies manager Charlie Manuel suffers a stroke in Florida hospital