Coach Hubert Davis didn’t win the championship, but he will still be able to cash in on the Tar Heels’ run in the NCAA tournament.
According to his contract, Davis will get an additional $575,000 for making it to the Final Four. Had UNC won the national title, Davis would have been able to collect another $250,000.
WRALSportsFan’s Joe Giglio writes that Davis signed a 5-year contract with UNC last year worth $9.75 million with an additional $250,000 in an expense allowance and the opportunity to earn $1,075,000 in bonuses each season.
The contract will save North Carolina some money, compared to both former men’s basketball coach Roy Williams and the rest of the ACC.
Of the 15 coaches in the ACC in 2021, only Boston College’s Jim Christian ($1.45 million, according to USA Today’s database for college basketball coaches) earned less.
When Davis was hired, UNC athletic director Bubba Cunningham told WRAL that his contract would be comparable to other coaches with his experience. Michigan’s Juwan Howard, who took a similar career path as Davis, was set to make $2.1 million in 2021, according to USA Today.
Williams made $4.1 million in 2021, according to USA Today, which included a reduced base salary after the athletic department made cuts on high-end salaries due to the pandemic.
Duke coach Mike Krzyzewski topped the list for ACC coaches in compensation 2021 with $7 million.
Davis’ deal includes a base salary of $400,000 for each of the five years. His supplemental income for his first season will be $600,000 and it goes up by $100,000 each year of the agreement.
In addition, Davis will receive $250,000 from Nike and $500,000 from Learfield for each year of the contract.
WRALSportsFan’s Joe Giglio contributed to this report.