More than a month after he was introduced as the coach at North Carolina , Bill Belichick has formally signed his contract with the university. The deal is laden with incentives that could make him one of the highest-paid coaches in the sport.
Belichick signed a five-year deal that will pay him $10 million annually between his base salary and supplemental income — the latter of which is boilerplate in contracts for major college football head coaches. Only the first three years are guaranteed by the university. Belichick will owe $10 million if he leaves before June 1, 2025. After that date, the buyout to leave drops to only $1 million.
The $10 million salary would have tied for sixth-highest in college football, equal to Alabama’s Kalen DeBoer and Florida State’s Mike Norvell. Only Kirby Smart ( Georgia ), Dabo Swinney ( Clemson ), Steve Sarkisian ( Texas ) Lincoln Riley ( USC ) and Ryan Day ( Ohio State ) report higher salaries than Belichick, according to the USA Today Salary Database . For comparison, former coach Mack Brown ranked 42nd with a salary of $5 million…