UPDATE: December 12
Now that it's official, the full details of Bill Belichick's five-year deal have been revealed.
Here's what you need to know:
-The contract is a five-year deal that runs through December 2029
-Belichick will receive a $1,000,000 base salary, plus $9,000,000 in supplemental income
-The first three years (both base salary and supplemental income) are guaranteed. Income in years four and five are not guaranteed.
Bonuses: Belichick can earn up to $3.5 million dollars extra per year.
Regular Season Wins Bonuses:
-8 Wins: $150,000
-9 Wins: $200,000
-10 Wins: $250,000
-11 Wins: 300,000
-12 Wins: $350,000
Conference Championship Appearance/Win: ($200,000/$300,000)
Post Season Bonus (Greater of the following amounts)
-Non-CFP/any bowl game appearance: $150,000
-Non-CFP Tier 1/Elite bowl game appearance: $350,000
-CFP participant: $750,000
-CFP quarterfinal appearance: $1,000,000
-CFP semifinal appearance: $1,250,000
-CFP championship game appearance: $1,500,000
-CFP national champion: $1,750,000
Final College Football Playoff Poll (Greater of the following amounts)
-Top 25: $250,000
-Top 20: $300,000
-Top 15: $375,000
-Top 10: $425,000
-Top 5: $500,000
Buyout
Buyout before June 1, 2025: $10 million
Buyout after June 1, 2025: $1 million
UPDATE: December 11, 8:07 PM
The UNC football program announced via its official press release that Belichick's deal is for five years. The university has not announced compensation.
Original
First off, before we get into everything you need to know regarding Bill Belichick's contract, let's take a moment to give Inside Carolina their flowers.
While multiple media members tried to "report" the news much later, Inside Carolina was on it from the word-go. Another friendly reminder to UNC fans: if you aren't subscribed to them, you're missing out!
Now, let's get back to business here.
Bill Belichick has agreed to a deal to become the UNC football program's head coach. Details of the said agreement have been revealed, courtesy of Brendan Marks of The Athletic.
Per myself and @ralphDrussoATH, Bill Belichick’s contract with UNC is expected to be a 3-year, $30 million deal.
— Brendan Marks (@BrendanRMarks) December 11, 2024
Belichick's deal is expected to be a three-year deal worth approximately $30 million dollars. The annual value is anticipated to be around $10 million per-season.
While there was speculation that the Board of Trustees would approve the deal on Wednesday, it's being reported that the meeting will be held on Thursday morning at 9:00 AM, as it is expected to be simply a formality to officially wrap this process up.
As part of the agreement, it also looks as if the University of North Carolina will significantly boost its NIL funding. In fact, it is expected to be five times more than it was this season.
Source tells me UNC will increase NIL package for football from $4 million to $20 million in effort to land Belichick.
— Matt Hayes (@MattHayesCFB) December 11, 2024
Legendary Super Bowl-winning coach- Check.
Tons of NIL money to work with- Check.
Will it result in getting the UNC football program to national relevance? Time will only tell.