Current:Home > StocksRekubit-Bill Belichick's salary at North Carolina: School releases football coach's contract details -AssetPath
Rekubit-Bill Belichick's salary at North Carolina: School releases football coach's contract details
Surpassing Quant Think Tank Center View
Date:2025-04-06 22:38:51
The RekubitUniversity 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! (44927)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Amy Robach, T.J. Holmes go 'Instagram official' after cheating scandal with joint podcast
- DWTS' Mauricio Umansky and Emma Slater Share Insight Into Their Close Bond
- Mother, son charged with kidnapping after police say they took a teenager to Oregon for an abortion
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- The American Cancer Society says more people should get screened for lung cancer
- Dyeing your hair can get messy. Here’s how to remove hair dye from your skin.
- Company charged in 2018 blast that leveled home and hurt 3, including 4-year-old boy
- North Carolina justices rule for restaurants in COVID
- Who Is Peregrine Pearson? Bend the Knee to These Details About Sophie Turner's Rumored New Man
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Meg Ryan on love, aging and returning to rom-coms: 'It doesn't stop in your 20s'
- 15 must-see holiday movies, from 'The Marvels' and 'Napoleon' to 'Trolls 3' and 'Wish'
- Bankrupt and loving it: Welcome to the lucrative world of undead brands
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- US Virgin Islands declares state of emergency after lead and copper found in tap water in St. Croix
- State is paying fired Tennessee vaccine chief $150K in lawsuit settlement
- Supreme Court seems ready to deny trademark for 'Trump Too Small' T-shirts
Recommendation
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
When Kim Kardashian's nipple bra dropped, some people laughed. Breast cancer patients rejoiced.
Federal Reserve leaves interest rates unchanged for a second straight meeting
A Bunch of Celebs Dressed Like Barbie and Ken For Halloween 2023 and, Yes, it Was Fantastic
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
80-foot Norway spruce gets the nod as Rockefeller Center Christmas tree, will be cut down next week
Dancing With the Stars Makes Surprise Elimination on Halloween Night
18-year-old from Maine arrested after photo with gun threatening 'Lewiston Part 2': Reports