It's really happening, and we've got the contract details to prove it.
After his introductory press conference on earlier in the day -- Belichick looked dapper in his argyle tie -- UNC released details of its new head coach's contract on Thursday afternoon.
As reported Wednesday, Belichick signed a 5-year contract at $10 million per year. He'll join a group of seven, now eight, college football head coaches earning eight figures per year. Mack Brown made $5 million in 2024.
The first three years of Belichick's deal are guaranteed, Years 4 and 5 are not. It's unclear whether it's the coach's or the school's choice to pick up the final two years of the deal.
Belichick would owe $10 million if he left UNC before June 1, 2025, and only $1 million thereafter.
Additionally, Belichick will start picking up bonuses once UNC reaches its eighth regular season win ($150,000), and will earn $50,000 for each victory beyond that. He can make $200,000 for reaching the ACC Championship and an extra $100,000 for winning it.
Belichick's bowl bonuses start at $150,000 for simply reaching the postseason and top out at $1.75 million for winning North Carolina's first national championship. He'll also be paid $250,000 for placing UNC in the final College Football Playoff Top 25, and $500,000 for getting the Tar Heels into the top five.
All told, Belichick can earn $3.5 million in bonuses.
Additionally, North Carolina has earmarked $10 million for his assistant coaching salary pool, $1 million his strength staff, $5.3 million for his support staff, and $13 million for revenue sharing.
As always, stay tuned to The Scoop for the latest.