Current:Home > MarketsTradeEdge-Bill Belichick's salary at North Carolina: School releases football coach's contract details -WealthMindset Learning
TradeEdge-Bill Belichick's salary at North Carolina: School releases football coach's contract details
Chainkeen View
Date:2025-04-10 10:32:11
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! (8)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Why we love Bright Side Bookshop in Flagstaff, Ariz. (and why they love 'Divine Rivals')
- Spoilers! 'Blue Beetle' post-credit scene makes a big reveal about future of DC universe
- Danielle and Kevin Jonas Get Candid About the Most Difficult Part About Parenthood
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Ron Cephas Jones, Emmy-Winning This Is Us Star, Dead at 66
- Regional delegation meets Niger junta leader, deposed president in effort to resolve crisis
- Nightengale's Notebook: Get your tissues ready for these two inspirational baseball movies
- In ‘Nickel Boys,’ striving for a new way to see
- PHOTOS: Global heat hacks, from jazzy umbrellas in DRC to ice beans in Singapore
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Why USWNT's absence from World Cup final is actually great for women's soccer
- Georgia football has its starting QB. Carson Beck has the job of replacing Stetson Bennett
- One dead, 6 hurt in shooting at outdoor gathering in Philadelphia 2 days after killing on same block
- Don't let hackers fool you with a 'scam
- '1 in 30 million': Rare orange lobster discovered at restaurant in New York
- California’s big bloom aids seed collectors as climate change and wildfires threaten desert species
- Climate and change? Warm weather, cost of living driving Americans on the move, study shows
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Sweden defeats co-host Australia to take third place at 2023 Women's World Cup
Rare flesh-eating bacteria kills 5 in Florida, 3 in New York, Connecticut
The Russian space agency says its Luna-25 spacecraft has crashed into the moon
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Have Mercy and Take a Look at These Cute Pics of John Stamos and His Son Billy
37 Cheap Finds That Will Make Your Outfit Look Expensive
Is sea salt good for you? Why you want to watch your sodium intake.