Inside Carolina had the scoop a couple of weeks back this was in the works. UNC made it official today extending Roy Williams' contract through the 2019-20 season.
Here are the details:
Williams’ new contract includes a base salary ranging from $408,169 next year to $595,409 in 2019-20, deferred compensation ranging from $1,550,000 next year to $1,750,000 in 2019-20 and an annual expense account of $40,000.
Williams may receive bonus compensation each year for the following:
– $75,000 for the men’s basketball team posting an annual Academic Progress Rate of 975 or higher
– $25,000 for qualifying for the NCAA Basketball Tournament
– $100,000 for advancing to the second round of the NCAA Basketball Tournament
– $150,000 for advancing to the Sweet 16 of the NCAA Basketball Tournament
– $200,000 for advancing to the Elite 8 of the NCAA Basketball Tournament
– $200,000 for advancing to the Final Four of the NCAA Basketball Tournament
– $250,000 for winning the NCAA Basketball Tournament
In addition to University compensation, Williams also has personal contracts with Nike and Learfield for clothing/apparel and multi-media obligations, respectively.