Current:Home > InvestSafeX Pro:Bill Belichick's salary at North Carolina: School releases football coach's contract details -WealthFlow Academy
SafeX Pro:Bill Belichick's salary at North Carolina: School releases football coach's contract details
Charles Langston View
Date:2025-04-06 15:15:47
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! (3)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- A record number of Americans may fly this summer. Here's everything you need to know
- As the Biden Administration Eyes Wind Leases Off California’s Coast, the Port of Humboldt Sees Opportunity
- Inside Clean Energy: Here Come the Battery Recyclers
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- A ride with Boot Girls, 2 women challenging Atlanta's parking enforcement industry
- Trisha Paytas Responds to Colleen Ballinger Allegedly Sharing Her NSFW Photos With Fans
- Republicans Eye the SEC’s Climate-Related Disclosure Regulations, Should They Take Control of Congress
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Ice-T Defends Wife Coco Austin After She Posts NSFW Pool Photo
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Soaring pasta prices caused a crisis in Italy. What can the U.S. learn from it?
- Kate Spade 24-Hour Flash Deal: Get This $240 Crossbody Bag for Just $59
- From the Middle East to East Baltimore, a Johns Hopkins Professor Works to Make the City More Climate-Resilient
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- See the Moment Meghan Trainor's Son Riley Met His Baby Brother
- A Vast Refinery Site in Philadelphia Is Being Redeveloped and Called ‘The Bellwether District.’ But for Black Residents Nearby, Justice Awaits
- Twitter's concerning surge
Recommendation
Rylee Arnold Shares a Long
A lot of offices are still empty — and it's becoming a major risk for the economy
1000-Lb. Sisters' Tammy Slaton Shares Tearful Update After Husband Caleb Willingham's Death
Biden is counting on Shalanda Young to cut a spending deal Republicans can live with
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Household debt, Home Depot sales and Montana's TikTok ban
Adele Is Ready to Set Fire to the Trend of Concertgoers Throwing Objects Onstage
Every Hour, This Gas Storage Station Sends Half a Ton of Methane Into the Atmosphere