Inside Bill Belichick's 5-year, $50 million contract

Bill Belichick can terminate his deal with UNC on June 1, 2025, if he pays the university a buyout of $1 million. It would cost Belichick $10 million if he left UNC before June 1, 2025.
Posted 12/13/2024, 12:30:50 AM

DO IT BEST IN WALMART.

>> WE'LL FALL PAYS. WELL,

APPARENTLY BECAUSE BILL

BELICHICK BELICHICK IS ABOUT TO

CASH IN AS THE NEW HEAD COACH

OF THE TAR HEELS, 5 YEARS,

50 MILLION DOLLARS. THAT IS

WAY MORE. THEN MATT BROWN WAS

MAKING. BUT AS WRAL, SHAUN

GALLAGHER REPORTS, THERE'S A

WHOLE LOT MORE THAN THAT IN

THE FINE PRINT.

>> THE CT OR KENAN STADIUM

SURELY WILL BE FIELD NEXT

SEASON. AND THE UNIVERSITY IS

BANKING ON THAT TO HELP THE TAR

HEELS FOOT THE BILL FOR

BELICHECK SMALL-TIME MILLION

DOLLAR DEAL.

>> I BELIEVE YOU PRESENTATION

FOR COACH.

CHANCELLOR ALSO WITH HIS

SIGNATURE CUT OFF SLEEVES.

BILL BELICHECK IS BACK IN

CAROLINA. BLUE.

>> BUT IT MEANS PLENTY OF GREEN

FOR UNC UNIVERSITY IS PONYING

UP 50 MILLION DOLLARS OVER 5

YEARS FOR THE GREATEST NFL

COACH OF ALL TIME. BELICHECK

WILL BE ELIGIBLE FOR 3 AND A

HALF MILLION DOLLARS MORE IN

BONUSES EVERY YEAR. SO LET'S

START SMALL AND 8 WIN SEASON

GETS HIM AN EXTRA $150,000

DELIVERING UNC ITS FIRST

CONFERENCE CHAMPIONSHIP IN OVER

40 YEARS. THAT'S ANOTHER

300,000. BUT WHEN YOU MENTION

THE 6 TIME SUPER BOWL CHAMPION

HEAD COACH, THE ONLY THING THAT

MATTERS A NATIONAL TITLE BATTLE

LINE. DOUBLE CHECKS POCKETS

WITH A COOL 1.7, 5 MILLION

DOLLARS. ALL OF THIS PART OF

THE SCHOOL STRATEGY FOR

SUCCESS. AND IF HE WANTS TO

WIN FOOTBALL, WHEN UNC BOARD OF

TRUSTEES MEMBER JENNIFER LLOYD

SAYS IT'S A NEW AGE IN COLLEGE

FOOTBALL AND FUNDING CAN COME

IN FROM ATHLETIC REVENUES TO

PAY FOR THIS CONTRACT. THE

OPPORTUNITY FOR REVENUE SHARE

THE OPPORTUNITY FOR PRIVATE

GUESTS AND FOR ADDITIONAL

CORPORATE MONEY TO COME IN

LEGALLY NOW IN SUPPORT OF THE

GAME DURING BACKGROUNDS TENURE,

THE SCHOOL MORE THAN DOUBLED

ITS SPENDING ON FOOTBALL AND

BETWEEN JUST SALARIES FOR BELLA

CHECKS. 10 MILLION DOLLAR YEAR

CONTRACT. AND THE 16.3 MILLION

DOLLARS TO BUILD HIS STAFF.

>> IT'S LIKELY THE PROGRAM WILL

SURPASS THAT NUMBER AGAIN THIS

YEAR. THIS TYPE OF INVESTMENT

IN FOOTBALL AND BASKETBALL ARE

NECESSARY FOR THE SUCCESS OF

THE SCHOOL. THOSE 2 SPORTS.

>> PROVIDE ALL OF THE FINANCES

FOR THE REST OF THE DEPARTMENT.

THE MORE SUCCESSFUL WE ARE IN

FOOTBALL, MORE SUCCESSFUL WHERE

BASKETBALL, THE MORE

OPPORTUNITIES WE'RE GONNA BE

ABLE TO PROVIDE FOR FOR

EVERYONE ELSE HERE. SO I'M

DELIGHTED WITH IT. AND NOW ONLY

ONE THING LEFT TO DO YOUR JOB.

THE DUKE.

>> AND GET THIS. IF BELICHICK

GETS COLD FEET OR AN NFL TEAM

OFFERS HIM A JOB WITHIN THE

NEXT FEW MONTHS, HE WOULD HAVE

TO PAY BACK THE UNIVERSITY

10 MILLION DOLLARS IF YOU LAST

A YEAR, THAT NUMBER WILL GO

DOWN TO A MILLION. BUT DURING

THE PRESS CONFERENCE, HE MADE A

POINT TO SAY HE DIDN'T COME

HERE TO LEAVE KENAN STADIUM.

SHAUN GALLAGHER, WRAL NEWS.

AND NOW A DOLLAR PROBABLY MEANS

SOMETHING DIFFERENT. BILL

BELICHECK IN THAT. THOSE TO ME

ARE YOU. BUT LET'S TAKE A LOOK

AT HOW MUCH HE'S BEING PAID

TO THE OTHER GUYS KIND OF IN

HIS FIELD IN HIS CLASS. HOW

MUCH ARE THE OTHER GUYS MAKING?

>> HOW DOES THIS CONTRACT

COMPARE WITH THE OTHER BIG

NAMES IN COLLEGE FOOTBALL SHOW

AT 10 MILLION BUCKS PER YEAR.

BELICHECK IS TIED FOR THE 6TH

LARGEST SALARIES LEVEL WITH

MIKE NORVELL. FLORIDA STATE AND

KALEN DE BOER AT ALABAMA RIGHT

NOW. THEY ARE HEAD COACHES

THEIR HEADQUARTERS AT 5

DIFFERENT SEC SCHOOLS, LSU,

KENTUCKY, OLE MISS MISSOURI

AND TENNESSEE. ALL OF THEM ARE

AT ABOUT 9 MILLION DOLLARS PER

YEAR IN THAT RANGE. HIS SALARY

IS A HUGE JUMP. AS WE MENTION

FROM MACK BROWN'S WHO'S MAKING

5 MILLION DOLLARS PER YEAR,

WHICH WAS RANKED AT 42ND IN THE

COUNTRY. NOW THE HIGHEST

EARNERS OR DEVO SWEENEY.

OKAY AT CLEMSON HE MAKES

11 MILLION A YEAR. AND KIRBY

SMART AT GEORGIA WHO MAKES

13 MILLION A YEAR. BUT BOTH OF

THEM HAVE PROVED THEMSELVES

WINNING MULTIPLE

NATIONAL TITLES.

>> ALL RIGHT. SO HE'S HE'S GOT

THE JOB. HE'S GOT THE CONTRACT.

HE'S HAD HIS NEWS CONFERENCE.

WHAT'S NEXT?

A LOT TIME TO GET THE JOB DONE.

RIGHT. WRAL SPORTS REPORTER

LUIS FERNANDEZ TAKES US THROUGH

THE IMMEDIATE TO NEWS FROM

BELICHICK AND HIS STAFF.

DECEMBER IS GOING TO BE A BUSY

MONTH.

>> WELCOME BACK TO SCHOOL BILL

BELICHECK DAY ONE IS ALL ABOUT

THE SYLLABUS AND THERE IS

PLENTY TO DO BEFORE ANYONE PUTS

CLEATS TO TURF. WE START WITH

THIS AND THE WINTER TRANSFER

PORTAL WINDOW. PLAYERS CAN

SUBMIT THEIR INTENTION TO LEAVE

THEIR CURRENT PROGRAM. THE

WINDOW OPEN THIS MONDAY AND

CLOSES DECEMBER. 28TH PLAYERS

DON'T HAVE TO DECIDE WHERE

THEY'RE GOING BY THE END, BUT

THEY DO HAVE TO BE IN THE

PORTAL BY THEN. SO BELICHICK

AND HIS GENERAL MANAGER,

MICHAEL LOMBARDI WILL LOOK TO

SEE WHO DAD AND WHO TO KEEP,

IN FACT, AT LEAST 2 UNC

OFFENSIVE LINEMEN HAVE REMOVED

THEIR NAMES FROM THE PORTAL

SINCE THURSDAY. OKAY. ONE ELSE

COACHING STAFF AT HIS PRESS

CONFERENCE EARLIER TODAY.

BELICHECK AS CONFIRM LOMBARDI

AS GM AND CURRENT UNC INTERIM

HEAD COACH FREDDIE KITCHENS

WILL BE RETAINED AS WELL.

BELICHECK SAID HE WANTS TO PICK

THE BEST COACHES POSSIBLE AND

WON'T BE JUST NFL FOLKS.

BUT THERE WILL BE A STRONG NFL

EXPERIENCE ON THE STAFF.

OKAY. WHAT ABOUT RECRUITING

BELICHECK SAID THAT'S GOING

TO BE EVERYONE'S JOB AND HE'LL

LEAN ON HIS STAFF. HE WANTS

TO WIN THE STATE OF NORTH

CAROLINA AND HE'S NOT OPPOSED

TO MEETING FAMILIES AT THEIR

HOMES LIKE COLLEGE COACHES TEND

TO DO. HE WANTS TO DO WHAT'S

BEST FOR THE TEAM AND WHETHER

ITS RECRUITS OR THE TRANSFER

PORTAL OR STAFF HIRES THAT

INFORMATION WILL COME OUT OVER

THE NEXT FEW WEEKS AND MONTHS.

BUT THERE IS ONE MORE ITEM LEFT

ON THE LIST. WILL WE SEE

BELICHECK AT THE FENWAY BOWL.

UNC PLAYS UCONN AT THE RED SOX

HISTORIC STADIUM ON DECEMBER.

28. HE WILL COACH IN THAT BOWL.