Bill Belichick and North Carolina have a signed contract for his hiring as football coach

Bill Belichick

North Carolina football coach Bill Belichick and school officials have signed his official employment contract, formalizing the hiring after speculation that the six-time Super Bowl-winning head coach might opt instead for a return to the NFL.

The school released the contract, which was signed by chancellor Lee Roberts and athletic director Bubba Cunningham and approved by university trustees earlier in the day. Belichick then signed the deal.

The formal contract replaces the signed term sheet released as the school held its introductory news conference for the 72-year-old Belichick, who is taking over a college program for the first time.

The sides agreed to a five-year deal, though only the first three years are guaranteed with $10 million per year in base and supplemental salary with another $3.5 million available in bonuses. There was also a $10 million buyout for Belichick to leave until June, when it drops to $1 million.

Belichick’s name had been thrown about as the NFL hiring cycle continued into January, though the coach had been frequently showing up on social media in photos from his recruiting stops.

Additionally, Michael Lombardi — a former NFL executive now working as UNC’s general manager — also had taken to social media to reinforce Belichick’s commitment to the Tar Heels.

“His focus is on North Carolina football, hiring staff members and developing the team,” Lombardi posted on X in response to a story about Belichick having yet to sign a formal contract. “The NFL (isn’t an) option so please stop making it one. Thank you.”

The deal includes:

— An annual $100,000 expense allowance;

— $100,000 in expenses for relocating to North Carolina;

— Bonuses for between $150,000 for winning eight regular-season games to $350,000 for winning 12 regular-season games;

— A bonus of…

Source link : https://sports.yahoo.com/bill-belichick-north-carolina-signed-162801889.html

Author : NBC Sports

Publish date : 2025-01-24 16:28:00

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