UNC Releases Term Sheet Details For Bill Belichick
North Carolina's new head coach will receive an annual salary of $10 million over five years, with three years guaranteed.
Jeremiah Holloway
CHAPEL HILL, N.C. ā North Carolina released the initial terms sheet of Bill Belichick's contract on Thursday following a Board of Governors meeting held in the afternoon.
Belichick's deal spans five years with an annual salary of $10 million (with a $1 million base salary and $9 million in supplemental income). The first three years of the deal are guaranteed.
Belichick can receive bonuses of up to $3.5 million per year. He can receive a bonus of $150,000 in any season the team wins eight games, and that number increases by $50,000 for each additional win up to 12. A 12-win season would give him a $350,000 bonus.
An appearance in a conference championship game will earn Belichick an additional $200,000, and a conference championship victory would give him an additional $100,000. His postseason bonuses, for which he'll be awarded the greatest of the following amounts if he reaches these marks, include incentives for a non-College Football Playoff bowl appearance ($150,000), a "Tier I/Elite" bowl appearance ($350,000), a CFP appearance ($750,000), a CFP quarterfinal appearance ($1 million), a CFP semifinal appearance ($1.25 million), a CFP national championship appearance ($1.5 million) and a CFP national championship victory ($1.75 million).
There are also bonuses for North Carolina's finishes in the College Football Playoff poll. He'd earn $250,000 for a top-25 finish, $300,000 for a top-20 finish, $375,000 for a top-15 finish, $425,000 for a top-10 finish and $500,000 for a top-5 finish. A conference coach of the year award would give Belichick $100,000 and a national coach of the year award would give him $250,000, and he would receive the greater of those two amounts.
Belichick can earn up to $150,000 if the team's GPA is 3.0 or higher, and up to $200,000 if the team's APR score is 1000 or higher. He will also receive an annual expense account of $100,000.
Also included in the term sheet is a $13 million budget for revenue sharing, $10 million for the assistant coach salary pool, $5.3 million for the support staff salary pool, $1 million for the strength and conditioning staff and up to $100,000 for Belichick's relocation. The support staff budget includes the hiring of a new general manager, who will be Michael Lombardi. Interim coach Freddie Kitchens, Belichick confirmed on Thursday, will be the first member of Belichick's staff.
North Carolina's new head coach will receive an annual salary of $10 million over five years, with three years guaranteed.
Jeremiah Holloway
CHAPEL HILL, N.C. ā North Carolina released the initial terms sheet of Bill Belichick's contract on Thursday following a Board of Governors meeting held in the afternoon.
Belichick's deal spans five years with an annual salary of $10 million (with a $1 million base salary and $9 million in supplemental income). The first three years of the deal are guaranteed.
Belichick can receive bonuses of up to $3.5 million per year. He can receive a bonus of $150,000 in any season the team wins eight games, and that number increases by $50,000 for each additional win up to 12. A 12-win season would give him a $350,000 bonus.
An appearance in a conference championship game will earn Belichick an additional $200,000, and a conference championship victory would give him an additional $100,000. His postseason bonuses, for which he'll be awarded the greatest of the following amounts if he reaches these marks, include incentives for a non-College Football Playoff bowl appearance ($150,000), a "Tier I/Elite" bowl appearance ($350,000), a CFP appearance ($750,000), a CFP quarterfinal appearance ($1 million), a CFP semifinal appearance ($1.25 million), a CFP national championship appearance ($1.5 million) and a CFP national championship victory ($1.75 million).
There are also bonuses for North Carolina's finishes in the College Football Playoff poll. He'd earn $250,000 for a top-25 finish, $300,000 for a top-20 finish, $375,000 for a top-15 finish, $425,000 for a top-10 finish and $500,000 for a top-5 finish. A conference coach of the year award would give Belichick $100,000 and a national coach of the year award would give him $250,000, and he would receive the greater of those two amounts.
Belichick can earn up to $150,000 if the team's GPA is 3.0 or higher, and up to $200,000 if the team's APR score is 1000 or higher. He will also receive an annual expense account of $100,000.
Also included in the term sheet is a $13 million budget for revenue sharing, $10 million for the assistant coach salary pool, $5.3 million for the support staff salary pool, $1 million for the strength and conditioning staff and up to $100,000 for Belichick's relocation. The support staff budget includes the hiring of a new general manager, who will be Michael Lombardi. Interim coach Freddie Kitchens, Belichick confirmed on Thursday, will be the first member of Belichick's staff.
