Current:Home > reviewsSafeX Pro:Bill Belichick's salary at North Carolina: School releases football coach's contract details -Global Finance Compass
SafeX Pro:Bill Belichick's salary at North Carolina: School releases football coach's contract details
Poinbank Exchange View
Date:2025-04-09 16:28:15
The SafeX ProUniversity 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! (283)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Advertiser exodus grows as Elon Musk's X struggles to calm concerns over antisemitism
- President Biden signs short-term funding bill to keep the government open ahead of deadline
- IBM pulls ads from Elon Musk’s X after report says they appeared next to antisemitic posts
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Charissa Thompson saying she made up sideline reports is a bigger problem than you think
- Fans react to Rosalía, Rauw Alejandro performing – separately – at the 2023 Latin Grammys
- Judge rules Michigan lawmakers violated open meetings law during debate on gun control legislation
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Colorado judge keeps Trump on ballot, rejecting challenge under Constitution’s insurrection clause
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Prices fall, unemployment rises and Boomers have all the houses
- K-Pop star Rose joins first lady Jill Biden to talk mental health
- STAYC reflects on first US tour, sonic identity and being a 'comfort' to SWITH
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Godmother of A.I. Fei-Fei Li on technology development: The power lies within people
- Biden meets with Mexican president and closes out APEC summit in San Francisco
- Why “Mama Bear” Paris Hilton Hit Back at Negative Comments About Her Baby Boy Phoenix
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Texas hiker rescued after going missing in Big Bend National Park, officials say
Max Verstappen gets candid: How F1 champ really feels about Vegas race
Alabama inmate who fatally shot man during 1993 robbery is executed
US appeals court rejects Nasdaq’s diversity rules for company boards
High-ranking Mormon church leader Russell Ballard remembered as examplar of the faith
New report outlines risks of AI-enabled smart toys on your child's wish list
Biden meets with Mexican president and closes out APEC summit in San Francisco