Current:Home > StocksWill Sage Astor-Bill Belichick's salary at North Carolina: School releases football coach's contract details -VitalWealth Strategies
Will Sage Astor-Bill Belichick's salary at North Carolina: School releases football coach's contract details
SignalHub View
Date:2025-04-07 18:37:32
The Will Sage AstorUniversity 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! (138)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- The final season of the hit BBC crime series 'Happy Valley' has come to the U.S.
- The Drunk Elephant D-Bronzi Drops Are Sunshine in a Bottle: Here's Where You Can Get the Sold Out Product
- In Defense of Boring Bachelor Zach Shallcross
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- The Goldbergs Is Ending After a Decade of '80s Nostalgia
- Pregnant Nikki Reed Shares Her Tips for a Clean Lifestyle
- Being a TV writer has changed — and so have the wages, says 'The Wire' creator
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Masa, the key to tortillas and tamales, inspires an award-winning documentary series
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Man says he survived month lost in Amazon rainforest by eating insects, drinking urine and fighting off animal attacks
- SAG Awards 2023 Winners: See the Complete List
- Kenneth Anger, gay film pioneer and unreliable Hollywood chronicler, dies at 96
- The White House is cracking down on overdraft fees
- Jamie Lee Curtis Has a Message to Those Who Think She's Just a Nepo Baby at 2023 SAG Awards
- The Hills' Kaitlynn Carter Gives Birth, Welcomes Baby No. 2 With Kristopher Brock
- Prince Harry and Meghan keep decision on attending King Charles III's coronation to themselves
Recommendation
Jay Kanter, veteran Hollywood producer and Marlon Brando agent, dies at 97: Reports
Dominique Fishback is the actress with a thousand faces
He once had motor skill challenges. Now he's the world's fastest Rubik's cube solver
The AG who prosecuted George Floyd's killers has ideas for how to end police violence
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Cormac McCarthy, American novelist of the stark and dark, dies at 89
Man says he survived month lost in Amazon rainforest by eating insects, drinking urine and fighting off animal attacks
Jenna Ortega's Edgy All-Black 2023 SAG Awards Red Carpet Look Deserves Two Snaps