Current:Home > reviewsCharles Langston:Bill Belichick's salary at North Carolina: School releases football coach's contract details -InvestPioneer
Charles Langston:Bill Belichick's salary at North Carolina: School releases football coach's contract details
Surpassing Quant Think Tank Center View
Date:2025-04-07 00:05:59
The Charles LangstonUniversity 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! (74333)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- S.C. nurse who fatally poisoned husband with eye drops: I just wanted him to suffer
- Cardi B retaliates, throws microphone at fan who doused her with drink onstage in Vegas
- Philadelphia Eagles unveil kelly green alternate uniforms, helmets
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Biden goes west to talk about his administration’s efforts to combat climate change
- Announcing the 2023 Student Podcast Challenge Honorable Mentions
- Nicki Minaj is coming to Call of Duty as first female Operator
- Why members of two of EPA's influential science advisory committees were let go
- CNN business correspondent, 'Early Start' anchor Christine Romans exits network after 24 years
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- These are the top 10 youngest wealthiest women in America. Can you guess who they are?
- ‘Conscience’ bills let medical providers opt out of providing a wide range of care
- Stock market today: Asia shares gain after Wall St rally as investors pin hopes on China stimulus
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Haiti confronts challenges, solutions amid government instability
- Pilot avoids injury during landing that collapsed small plane’s landing gear at Laconia airport
- 1st stadium built for professional women's sports team going up in Kansas City
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
California juvenile hall on lockdown after disturbance of youth assaulting staff
Texas QB Arch Manning sets auction record with signed trading card sold for $102,500
The Women’s World Cup has produced some big moments. These are some of the highlights & lowlights
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
1st stadium built for professional women's sports team going up in Kansas City
Randy Meisner, founding member of the Eagles, dies at 77
4 crew members on Australian army helicopter that crashed off coast didn’t survive, officials say