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Bill Belichick, one of the NFL's most iconic coaches, has officially transitioned to college football as the head coach of the North Carolina Tar Heels. Details of his lucrative contract have surfaced, showcasing a combination of guaranteed income and significant performance-based incentives.
Belichick's contract guarantees him $1 million in base salary and an additional $9 million in supplemental income for the first three years. From the fourth year onward, the deal shifts to a non-guaranteed structure, making his initial tenure particularly critical.
Performance bonuses that could skyrocket earnings
Belichick's contract includes an extensive range of bonuses tied to team success. For example:
- Season Wins: An eight-win season would net him $150,000, increasing by $50,000 for each additional victory, up to $350,000 for a 12-win season.
- ACC Title Game: A conference championship appearance earns $200,000, with the reward jumping to $300,000 for a victory.
- Postseason Success: A non-CFP bowl appearance provides a $150,000 bonus, while participation in an elite bowl game-though not explicitly defined-rises to $350,000.
- College Football Playoff (CFP): Reaching the CFP results in a $750,000 bonus, with potential earnings up to $1.75 million depending on advancement. Additionally, a top-5 CFP ranking secures an extra $500,000.
A significant buyout clause
Belichick's contract also includes a buyout provision, requiring the university to pay $10 million if he is terminated before June 1, 2025. This amount drops to $1 million after that date, giving both sides a financial safeguard during the early years of the agreement.
Belichick's vision for college football
At his introductory press conference, Belichick expressed his enthusiasm for returning to his collegiate roots. "I've always wanted to coach in college football," he said. "Growing up with my father in the sport, it's always felt like home. It's great to be back in Carolina, an environment that shaped my ion for the game."
With this high-profile hire, North Carolina aims to make waves in the college football landscape, while Belichick seeks to prove that his winning formula translates to the NCAA.