36
- Big 12
- Locked On CFB
- Neutral Media
- YouTube
- + Show More
This is an automated post onto our collaborative platform by Locked On Big 12 from YouTube
If the video doesn't load/isn't available, you can watch HERE on YouTube
Find out how you can earn by sharing this content!
Key Contract Details:
Contract Length and Value:
Belichick's contract is reportedly a five-year deal, with an annual salary of $10 million.
However, only the first three years of the contract are guaranteed.
Buyout Clauses:
A critical element of the contract is the buyout structure.
If Belichick terminates his employment with UNC before June 1, 2025, the buyout is $10 million.
After June 1, 2025, the buyout drops significantly to $1 million.
Implications:
NFL Return Possibility:
The drastic reduction in the buyout after June 1, 2025, has fueled speculation that Belichick could potentially return to the NFL after just one season at UNC.
The $1 million buyout would be relatively easy for an NFL team to absorb.
UNC's Protection:
The $10 million buyout before June 1, 2025, appears to be a measure to protect UNC from Belichick immediately leaving for an NFL job. It essentially secures his presence for at least the 2025 season.
Contractual Formalities:
There have been reports that the final contract has not been fully executed. This has brought about some questions surrounding the legalities of the buy out clauses.
Speculation and Uncertainty:
Given Belichick's legendary status in the NFL and his age, there's inherent uncertainty about his long-term commitment to college football.
Therefore, the contract's structure reflects this potential for a return to the NFL.
In essence:
The contract's buyout clauses create a scenario where it's financially feasible for Belichick to return to the NFL after the 2025 college football season. This has led to much discussion about the potential for a relatively short tenure at UNC.
Sources and related content
Follow & Subscribe on all Podcast platforms…
https://link.chtbl.com/LOBig12?sid=YouTube
Locked On College Conferences, HBCU, Basketball & More
https://linktr.ee/LockedOnCollege
Follow on Twitter: https://twitter.com/drakectoll
Follow the show on Twitter: https://twitter.com/LOBig12
