The formal contract, signed by Belichick on Wednesday and approved by the school, outlines a slew of bonuses and perks for the 72-year-old first-time college coach.

Belichick’s base salary is $1 million annually, paid monthly. On top of that, he’ll rake in a supplemental income of $9 million each year for promotional and media duties. These include appearances at events sponsored by UNC’s advertisers and donors, press conferences, and other special engagements.

North Carolina football coach Bill Belichick and school officials have signed his official employment contract, formalizing last month's hiring after speculation that the six-time Super Bowl-winning head coach might opt instead for a return to the NFL.