North Carolina football coach Bill Belichick has officially signed his employment contract with the school, solidifying his hiring after recent speculation about a potential return to the NFL. The contract was released by the school and signed by chancellor Lee Roberts and athletic director Bubba Cunningham, with approval from university trustees. Belichick signed the deal on Wednesday, replacing the previously signed term sheet from the introductory news conference.
The agreement is for a five-year deal, with the first three years guaranteed and an annual base and supplemental salary of $10 million, along with $3.5 million in potential bonuses. There is a $10 million buyout for Belichick until June, which then decreases to $1 million.
Belichick's name had been circulating in NFL hiring discussions, but he has been actively involved in North Carolina football, focusing on recruiting and team development. UNC's general manager, Michael Lombardi, reiterated Belichick's commitment to the Tar Heels on social media.
The contract includes various incentives such as an annual $100,000 expense allowance, relocation expenses of $100,000, and bonuses for regular-season wins, conference championships, and College Football Playoff appearances. Additional perks like country club membership and private aircraft usage are also part of the deal.
Belichick's UNC debut is set for Labor Day weekend, with the Tar Heels facing TCU on Monday night in a game scheduled to air on ESPN. Belichick, known for his success with the New England Patriots, brings a wealth of experience to the college program, having won six Super Bowl titles during his tenure there.
As the ACC announced its Labor Day weekend schedule, Belichick's upcoming debut game is generating significant anticipation among fans and the college football community.
