Davis deal worth about $1.72m annually
Published: Mon, Nov. 27, 2006 04:57PM
Modified Mon, Nov. 27, 2006 10:20PM
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closeNorth Carolina released the details of Butch Davis' contract to serve as football coach today. Davis has a seven-year deal worth about $1.72 million annually.
The deal includes a base salary of $286,000 per season plus $25,000 in an annual expense account. Learfield Communications ($250,000) and Nike ($150,000) will supplement his income.
There are also standard bonuses for winning the ACC title, going to a bowl game and for graduation rates equal to or better than the student body.
Listen to UNC AD Dick Baddour's remarks from the press conference.
Listen to UNC Chancellor James Moeser's remarks from the press conference.
Listen to UNC Coach Butch Davis' opening remarks from the press conference.
Listen to the question and answer session at the press conference Q&A.
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The contract also includes a retention clause. According to UNC, the university will pay $100,000 into "a fund in each of the first five years and $300,000 in each of the last two years of the contract." The retention bonus is available only after Davis is the head coach for five years.
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