Details of Bill Belichick's contract with North Carolina State have been revealed after he was officially named the Tar Heels' next head football coach.
Belichick will receive a base salary of $1 million and ancillary income of $9 million, with the first three years guaranteed and the fourth and fifth years non-guaranteed.
According to his term sheetBelichick could earn up to $3.5 million a year in bonuses tied to wins, postseason appearances and North Carolina's College Football Playoff rankings.
For example, Belichick would receive $150,000 if he led the Tar Heels to an eight-win season (North Carolina won six in 2024), and his pay would increase by $50,000 for each win thereafter, reaching a maximum of 12 wins in a season. The amount will be $350,000.
Belichick will receive a $200,000 bonus for appearing in the ACC title game, increasing to $300,000 with a win.
If Belichick leads the Tar Heels to a non-CFP bowl appearance, he will earn a $150,000 bonus, jumping to $350,000 for an “elite” bowl appearance.
What constitutes an “elite” bowl game is not specified.
Making the College Football Playoff would earn him a $750,000 bonus that could increase to up to $1.75 million.
Belichick could earn up to $500,000 if he finishes in the top five in the CFP poll.
There is also a provision that if the employee is fired by June 1, 2025, the purchase price will be $10 million, and the amount will drop to $1 million after that date. According to On3.com.
Belichick was upbeat on Thursday at a press conference to introduce him as the new manager.
“I always wanted to coach college football,” he said. “It just didn't work out at all. I had a few good years in the NFL so that was fine, but this was really a dream come true. I grew up in
“All I knew was college football. It's great to be back in Carolina, where I grew up.”
