CHAPEL HILL, N.C. — North Carolina released the initial terms sheet of
Bill Belichick's contract on Thursday following a Board of Governors meeting held in the afternoon.
Belichick's deal spans five years with an annual salary of $10 million (with a $1 million base salary and $9 million in supplemental income). The first three years of the deal are guaranteed.
Belichick can receive bonuses of up to $3.5 million per year. He can receive a bonus of $150,000 in any season the team wins eight games, and that number increases by $50,000 for each additional win up to 12. A 12-win season would give him a $350,000 bonus.
An appearance in a conference championship game will earn Belichick an additional $200,000, and a conference championship victory would give him an additional $100,000.
His postseason bonuses, for which he'll be awarded the greatest of the following amounts if he reaches these marks, include incentives for a non-College Football Playoff bowl appearance ($150,000), a "Tier I/Elite" bowl appearance ($350,000), a CFP appearance ($750,000), a CFP quarterfinal appearance ($1 million), a CFP semifinal appearance ($1.25 million), a CFP national championship appearance ($1.5 million) and a CFP national championship victory ($1.75 million).
There are also bonuses for North Carolina's finishes in the College Football Playoff poll. He'd earn $250,000 for a top-25 finish, $300,000 for a top-20 finish, $375,000 for a top-15 finish, $425,000 for a top-10 finish and $500,000 for a top-5 finish. A conference coach of the year award would give Belichick $100,000 and a national coach of the year award would give him $250,000, and he would receive the greater of those two amounts.
Belichick can earn up to $150,000 if the team's GPA is 3.0 or higher, and up to $200,000 if the team's APR score is 1000 or higher. He will also receive an annual expense account of $100,000.
Also included in the term sheet is a $13 million budget for revenue sharing, $10 million for the assistant coach salary pool, $5.3 million for the support staff salary pool, $1 million for the strength and conditioning staff and up to $100,000 for Belichick's relocation.