Current:Home > ContactAlgosensey Quantitative Think Tank Center-Bill Belichick's salary at North Carolina: School releases football coach's contract details -EverVision Finance
Algosensey Quantitative Think Tank Center-Bill Belichick's salary at North Carolina: School releases football coach's contract details
Benjamin Ashford View
Date:2025-04-11 06:19:03
The Algosensey Quantitative Think Tank CenterUniversity 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! (6434)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- The total solar eclipse is one month away on April 8: Here's everything to know about it
- Prosecutors say US Army analyst accused of selling military secrets to China used crypto
- Much of America asks: Where did winter go? Spring starts early as US winter was warmest on record
- Louvre will undergo expansion and restoration project, Macron says
- Feds detail ex-Jaguars employee Amit Patel's spending on 'life of luxury'
- Natalie Portman and husband Benjamin Millepied finalize divorce after 11 years of marriage
- Fans, social media pay tribute to 'Dragon Ball' creator Akira Toriyama following death
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Roswell police have new patches that are out of this world, with flying saucers and alien faces
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Hawaii firefighters get control of fire at a biomass power plant on Kauai
- What restaurants are open Easter 2024? McDonald's, Cracker Barrel, Red Lobster, more
- Lawsuit accuses Portland police officer of fatally shooting unarmed Black man in the back
- Trump issues order to ban transgender troops from serving openly in the military
- Amy Schumer Is Kinda Pregnant While Filming New Movie With Fake Baby Bump
- New York City Ready to Expand Greenways Along Rivers, Railways and Parks
- Need help with a big medical bill? How a former surgeon general is fighting a $5,000 tab.
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
OpenAI has ‘full confidence’ in CEO Sam Altman after investigation, reinstates him to board
The number of suspects has grown to 7 in the fatal beating of a teen at an Arizona Halloween party
RNC votes to install Donald Trump’s handpicked chair as former president tightens control of party
Former Danish minister for Greenland discusses Trump's push to acquire island
Wisconsin family rescues 'lonely' runaway pig named Kevin Bacon, lures him home with Oreos
What lawmakers wore to the State of the Union spoke volumes
Ireland’s Constitution says a woman’s place is in the home. Voters are being asked to change that