Bill Belichick officially signed his employment contract with North Carolina, putting an end to rumors about his potential return to the NFL. The six-time Super Bowl-winning coach is now set to lead the Tar Heels football program, marking a significant shift in his coaching career.
The university disclosed the contract on Thursday, which was endorsed by chancellor Lee Roberts and athletic director Bubba Cunningham, with the approval of university trustees. Belichick finalized the agreement on Wednesday.
This formal contract supersedes the initial term sheet shared during Belichick’s introductory news conference. At 72 years old, he is stepping into the college football realm for the very first time.
The contract outlines a five-year agreement, with the first three years guaranteed at a base and supplemental salary of $10 million per year, plus an additional $3.5 million in performance bonuses. Notably, a $10 million buyout clause exists until June, after which it reduces to $1 million.
Amid the ongoing NFL hiring cycle, Belichick’s name circulated as a potential candidate for several teams. However, he consistently appeared on social media, showcasing his active involvement in recruiting efforts.
Michael Lombardi, a former NFL executive and current general manager for UNC, also took to social media to emphasize Belichick’s dedication to the Tar Heels. Lombardi stated, “His focus is on North Carolina football, hiring staff members and developing the team. The NFL isn’t an option, so please stop making it one. Thank you.”
Belichick’s contract includes several incentives:
— An annual expense allowance of $100,000
— $100,000 for relocation expenses to North Carolina
— Bonuses ranging from $150,000 for winning eight regular-season games to $350,000 for winning twelve
— A $200,000 bonus for leading UNC to a conference championship game, increasing to $300,000 if they win
— Additional bonuses for rankings in the College Football Playoff, from $250,000 for the top 25 to $500,000 for the top five
— CFP appearance bonuses of $750,000 for qualifying and up to $1.75 million for winning the championship
— Additional incentives for bowl appearances and academic performance of the team
— Perks such as a country-club membership and up to 25 hours of private aircraft usage per year
Belichick’s impressive track record includes guiding the New England Patriots to six Super Bowl championships during his 24-year tenure. He holds a remarkable 333 career wins in regular-season and postseason games, ranking just behind Don Shula’s 347 for the NFL record.
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