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Tag: buyout

  • IRS workers involved in tax season can’t take buyout until filing deadline


    WASHINGTON (AP) — IRS employees involved in the 2025 tax season will not be allowed to accept a buyout offer from the Trump administration until after the taxpayer filing deadline, according to a letter sent Wednesday to IRS employees.

    The letter says that “critical filing season positions in Taxpayer Services, Information Technology and the Taxpayer Advocate Service are exempt” from the administration’s buyout plan until May 15. Taxpayers have until April 15 to file their taxes unless they are granted an extension.

    Union leaders and worker advocates have criticized the proposal and question whether the government will honor any buyout contract.

    The news comes after President Donald Trump announced a plan to offer buyouts to federal employees through a “deferred resignation program” to quickly reduce the government workforce. The program deadline is Feb. 6, and administration officials said employees who accept will be able to stop working while still collecting a paycheck until Sept. 30.

    The buyouts, sent to roughly 2.3 million workers, are for all full-time federal employees with some exemptions, including military personnel, employees of the U.S. Postal Service and positions related to immigration enforcement. It’s unclear if IRS workers who accept the buyout would only receive five months of pay instead or if they would also get a full eight months.

    The federal government employed more than 3 million people as of November, accounting for nearly 1.9% of the nation’s entire civilian workforce, according to the Pew Research Center.

    Doreen Greenwald, president of the National Treasury Employees Union, has advised all federal workers not to accept the offer, which she says is dubious.

    “This is not a good deal for them,” Greenwald told The Associated Press. “If you sign this document and then later change your mind, you are left without any power to fight back.”

    Since federal employees are working under what is called a continuing resolution that keeps the government funded until March — and the Anti-Deficiency Act prohibits agencies from spending more money than is actually appropriated— funding for the buyout plan “has not been approved,” Greenwald said.

    She added: “I do not recommend people sign the document. They need to have control of their own career, and this document does not give it to them.”

    The NTEU union represents roughly 150,000 employees in 37 departments and agencies.

    “This country needs skilled, experienced federal employees,” she said “we are urging people not to take this deal because it will damage the services to the American people and it will harm the federal employees who have dedicated themselves and their career to serving.”

    Jan. 27 is the official start date of the 2025 tax season and the IRS expects more than 140 million tax returns to be filed by the April 15 deadline.

    “What most people don’t realize is that 85% of the federal workforce works outside of D.C.,” she said. “They’re your neighbors, your family, your friends. And they deliver key services for the American people.”





    With tax season in full swing, many IRS workers are working tirelessly to process tax returns and assist taxpayers with their filings. However, there is an interesting twist this year – IRS workers involved in tax season are not able to take a buyout until after the filing deadline.

    This means that for many employees, their plans to take a buyout and move on to other opportunities will have to wait until after the April filing deadline. While this may be frustrating for some workers, it is necessary to ensure that the IRS has enough staff on hand to handle the influx of tax returns during this busy time.

    Despite the delay in buyouts, IRS workers continue to work diligently to help taxpayers navigate the complexities of tax season. Their dedication and hard work are crucial in ensuring that tax returns are processed accurately and efficiently.

    So, next time you interact with an IRS employee during tax season, remember to show them some appreciation for their hard work and dedication, even if they can’t take a buyout just yet.

    Tags:

    1. IRS workers
    2. Tax season
    3. Buyout
    4. Filing deadline
    5. IRS employees
    6. Tax filing
    7. Tax season workers
    8. IRS buyout
    9. IRS news
    10. Tax season updates

    #IRS #workers #involved #tax #season #buyout #filing #deadline

  • Tesla Cuts Cybertruck Lease Prices by 25% in 3 Months; Increases the End-of-Lease Buyout to 71% of the Truck’s Purchase Price After 3 Years and 30,000 Miles


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    Tesla has once again lowered Cybertruck lease prices. This is the second time Tesla has lowered Cybertruck lease monthly payments since introducing the option less than 3 months ago this past November.

    Now, the Cybertruck AWD lease costs only $750 a month. This is down from $1,000 a month in November and $900 a month in December.

    All these price cuts mean a 25% price decrease in monthly lease payments in less than 3 months. If Tesla similarly discounted the Cybertruck purchase price by 25%, it would give the vehicle a $60,000 starting price.

    What’s interesting here is that Tesla launched the Cybertruck lease option after ending the Foundation Series Cybertruck program and introducing the regular Cybertruck, which has an $80,000 starting price.

    This means all the lease payment price cuts have been for the non-Foundation Series Cybertruck. Also, since introducing the lease program the Cybertruck has always qualified for the $7,500 tax credit through the lease loophole.

    What this means is that all of the lease payment cuts and the entirety of the 25% discount are coming directly out of Tesla’s bottom line.

    The $750 monthly lease price is for the base model Cybertruck AWD; however, Tesla has surprisingly increased the monthly lease payment for the performance tri-motor Cybertruck, although it’s only by $1.

    In November, leasing a performance Cybertruck used to cost $1,204 a month. However, this price dropped to $999 a month in December, and now it has increased by $1 to $1,000.

    Overall, even after this “price increase,” Tesla has still discounted the Cybertruck performance lease price by over 20% in less than 3 months.

    However, going back to the base model Cybertruck AWD, Tesla has increased the end-of-lease buyout price for the vehicle after the latest lease payment cuts.

    Before the latest price cuts, the Cybertruck AWD lease buyout used to cost $54,950; however, as of today, this number has increased to $57,400.

    Similarly, Tesla has increased the end-of-lease buyout for the Cybertruck performance; It’s now up from $67,500 to $71,730.

    At these prices, the end-of-lease buyout numbers suggest that Tesla expects the Cybertruck to hold over 70% of its value after 3 years and driven 30,000 miles.

    Overall, It’s interesting to see Tesla simultaneously lowering the Cybertruck monthly lease payment and increasing the end-of-lease buyout price. Please let me know what you think about this move. Share your ideas by clicking the “Add new comment” button below. Also, visit our site, torquenews.com/Tesla, regularly for the latest updates.

    Image: Courtesy of Tesla, inc.

    For more information, check out: Elon Musk Is Not Too Excited About the 2nd Generation Tesla Semi Starting Production, Asks “Does $10 Billion a Year Matter These Days?”

    Tinsae Aregay has been following Tesla and the evolution of the EV space daily for several years. He covers everything about Tesla, from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.

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    Tesla has made some significant changes to its Cybertruck lease program, slashing prices by 25% in just three months. This move is sure to attract more customers looking to get their hands on the highly anticipated electric pickup truck.

    But it’s not all good news for potential lessees. Tesla has also increased the end-of-lease buyout price to 71% of the truck’s purchase price after three years and 30,000 miles. This means that customers who choose to buy out their lease at the end will be paying more than ever before.

    While the lowered lease prices may be enticing for some, the increased buyout price may give others pause. It’s a trade-off that customers will have to consider when deciding whether to lease or buy the Cybertruck.

    What are your thoughts on these changes to the Cybertruck lease program? Let us know in the comments below.

    Tags:

    Tesla Cybertruck, Cybertruck lease prices, Tesla lease discounts, Tesla end-of-lease buyout, Tesla Cybertruck purchase price, Tesla Cybertruck mileage, Tesla lease deals, Tesla truck leasing, Tesla Cybertruck pricing, Tesla leasing terms

    #Tesla #Cuts #Cybertruck #Lease #Prices #Months #Increases #EndofLease #Buyout #Trucks #Purchase #Price #Years #Miles

  • I Just Got Trump’s “Buyout” Offer at My Job. Let Me Tell You How That’s Going.


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    The author is a federal civil servant who has been granted the use of a pen name to protect them and their family from reprisals.

    The new Trump administration’s effort to both get a grip on and dismantle the federal workforce has also been a dystopian farce, climaxing Tuesday evening, after the Office of Personnel Management sent an email offering what the media has described as a “buyout” to all federal employees. This saga began shortly after Donald Trump took office, when someone asserting the authority of OPM began spamming federal workers with emails demanding a reply. In one breath, the message asked all employees to respond “Yes” to confirm that the system was working, but it also warned employees to be cautious about the contents of emails coming to them. Meanwhile, the note itself was flagged, for recipients with a government email account, as having come from an “[EXTERNAL]” source—and thus not necessarily one to be trusted.

    Then, Tuesday night, federal workers were sent an email announcing a “fork in the road.” Again, the message was flagged by government servers as “[EXTERNAL].” This email, much of which was copied and pasted from a similar message sent to Twitter employees after Elon Musk—Trump’s pick to lead his effort to overhaul the civil service, otherwise known as the Department of Government Efficiency—took over that company, proclaims that the federal workforce will be undergoing significant changes. Anyone who didn’t want to participate in this new vision was invited to reply “Resign” to the flagged-as-external email address and collect six months’ salary, without having to perform any additional work, while they looked for a new job. The details of this offer are confusing, conflict with later OPM “FAQs” about the program, and seem to run afoul of long-standing legal caps on severance packages.

    Welcome to government by chatbot.

    This latest buyout directive is evocative of A.I. gobbledygook, beyond evidently being a copy-and-paste job from Musk’s Twitter exploits. When technologists assess a new A.I. language tool, the go-to metric is generally not the accuracy of its product, or even the consistency of its answers. It is engagement. Substance is pushed aside in pursuit of simply keeping human eyeballs trained on its messages for as long as possible. Once considered a proxy for content’s ability to be “valuable” or “worthwhile,” attention itself has become the commodity we’re after: looks, likes, clicks, play next episode. Unfortunately, one of the easiest ways to engage people is to enrage them.

    Like a chatbot in training, the Musk-Miller-Trump administration is not a principled political entity concerned with substance, consistency, or competence. In the administration’s executive order regarding TikTok, for instance, the president endeavored to grant rights to private companies in one paragraph (the DOJ “shall take no action to enforce the Act or impose any penalties against any entity for any noncompliance with the Act”), while specifically disclaiming the gift to TikTok in another (“this order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States”). This was a presidential pinky-swear with his fingers crossed.

    Even before Tuesday’s email, the original, outside-the-government Department of Government Efficiency project spearheaded by Musk immediately ran afoul of regulations protecting against corruption that keep our democracy from slipping into an oligarchy. When the administration pivoted to bring the project inside the government, meanwhile, it immediately ran afoul of safeguards against citizen surveillance and privacy protections that keep our democracy from slipping into an autocracy.

    Which brings us back to the buyout. Putting aside Musk’s failed promises to Twitter employees who had hoped for a similar buyout, the vision of the federal workforce announced in the email is no more sensible than the TikTok executive order, no more effective at considering governmental protections than the early DOGE efforts. One “pillar” of this supposed new federal workforce presumes the flexible assignment and reassignment of anyone who works for the federal government to whatever task, agency, or group the president wants, whenever he wants. In other words, it assumes that the president can usurp the priority-setting prerogatives exclusive to Congress when it sets its budgets and directs funds toward or away from various mandates.

    In another pillar, the vision asserts the president’s right to reclassify federal works to at-will employees. But to do that, he should have to pass new regulations, legislation that would require planning, process, public comment, and (likely) judicial review. And to skip that process, he’d have to revoke the Administrative Procedure Act, a move that should require an act of Congress and (likely) judicial review.

    If that sounds like a lot of red tape worth cutting through, think of it this way: If the president can do what this memo suggests he can do to federal workers, then he can do pretty much anything to pretty much anyone at pretty much any time. He can change substantive law on a whim—banking codes, safety regs, union protections, taxes.

    These are not the actions of a thoughtful, careful, or competent government. It is not the one envisioned by our founders or present throughout the first nearly two and a half centuries of the American experiment. This is the empty chatter of a bot trained on revenge fantasy scripts that lacks a fourth grader’s understanding of the branches of government and separation of powers.

    But, hey, it’s good for grabbing headlines.

    And of course, what do you do with a bot you’ve trained to be maximally engaging? You put it behind a paywall, make it a subscription service.



    I Just Got Trump’s “Buyout” Offer at My Job. Let Me Tell You How That’s Going.

    So, I walked into work this morning and was handed a letter from the company’s HR department. It turns out that my company has decided to offer employees a “buyout” option, thanks to a new policy implemented under the Trump administration.

    At first, I was a bit confused. What exactly does this mean for me? Should I be worried about losing my job? Is this a good thing or a bad thing?

    After doing some research and talking to my colleagues, I realized that the buyout offer is essentially a way for the company to incentivize employees to voluntarily leave their positions. In return, employees would receive a lump sum of money as a severance package.

    While the idea of getting a big check sounds tempting, I couldn’t help but feel uneasy about the whole situation. Will my job be safe if I don’t take the buyout? What happens if I do decide to leave and can’t find another job right away?

    It’s a tough decision to make, and I know I’m not the only one feeling this way. Many of my coworkers are also grappling with the uncertainty of what the future holds for us at this company.

    As I weigh my options and consider the potential consequences, one thing is for sure – the Trump administration’s policies have certainly made their mark on the workplace, and it’s up to us to navigate through the changes as best as we can.

    Have any of you experienced a similar situation at your job? I’d love to hear your thoughts and advice on how to handle this tricky situation. Let’s support each other through these uncertain times.

    Tags:

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    #Trumps #Buyout #Offer #Job

  • Ex-Pirates All-Star Predicted To Return To Pittsburgh After $2.5M Royals Buyout


    It’s safe to say that things didn’t work out the way they were intended to for one 2024 Kansas City Royals signee.

    Once an All-Star with the Pittsburgh Pirates in 2021, Adam Frazier came to the Royals hoping to shore up the second base position and contribute a bit on offense. Instead, he was one of the worst hitters in Major League Baseball and couldn’t hold down a spot in the lineup.

    There wasn’t much thought to give regarding the Royals’ decision on Frazier after the season. They paid him a $2.5 million buyout to decline the $8.5 million mutual option that was built into his contract, making him a free agent once more.

    It’s possible Frazier remains unsigned at the end of the offseason, but one baseball writer thinks a reunion with the Pirates could be in order.

    FanSided’s Rachael Millanta recently predicted that the 33-year-old Frazier would return to Pittsburgh this offseason to fill a utility role for a young Pirates squad.

    “Frazier’s versatility as a utility player may be enough to land him a new deal this winter, even after a very underwhelming 2024 campaign,” Millanta wrote.

    “In addition to second base, he has experience in shortstop and all three outfield positions, which could make him a low-cost fit for the Pittsburgh Pirates.”

    Frazier slashed .324/.388/.448 for the Pirates in 2021, racking up 3.0 bWAR in the 90 games before he was traded to the San Diego Padres. Contrast that with his brutal 2024 numbers: a .202/.282/.294 slash line and 0.3 bWAR in 104 games.

    There’s not a high chance Frazier rediscovers his 2021 form, but if he can play good defense at multiple positions, he’d be a valuable bench piece for a team like Pittsburgh hoping to take a step forward after a decade of playoff disappointment.

    More MLB: This Royals Blockbuster Mock Trade Would Land $50 Million All-Star From AL Rival



    Former Pittsburgh Pirates All-Star outfielder, Andrew McCutchen, is predicted to make a return to the Steel City after being bought out by the Kansas City Royals for $2.5 million.

    McCutchen, who spent nine seasons with the Pirates and was a five-time All-Star during his time in Pittsburgh, is a fan favorite and many are excited about the possibility of him returning to the team where he made a name for himself.

    After being traded to the San Francisco Giants in 2018, McCutchen has bounced around to a few different teams, including the Royals. However, with his buyout from Kansas City, it seems like a reunion with the Pirates could be in the cards.

    While nothing has been confirmed yet, many are hopeful that McCutchen will once again don the black and gold and help lead the Pirates back to success. Stay tuned for more updates on this exciting development.

    Tags:

    Ex-Pirates, All-Star, Pittsburgh, Royals, Buyout, MLB, Baseball, Return, Free Agent, Contract, Trade, Sports News, Rumors, Predictions, Pittsburgh Pirates, Kansas City Royals

    #ExPirates #AllStar #Predicted #Return #Pittsburgh #2.5M #Royals #Buyout

  • Bill Belichick signs North Carolina contract: Buyout, bonus money details as legendary coach inks deal


    La Salle v North Carolina
    Getty Images

    More than a month after he was introduced as the coach at North Carolina, Bill Belichick has formally signed his contract with the university. The deal is laden with incentives that could make him one of the highest-paid coaches in the sport. 

    Belichick signed a five-year deal that will pay him $10 million annually between his base salary and supplemental income — the latter of which is boilerplate in contracts for major college football head coaches. Only the first three years are guaranteed by the university. Belichick will owe $10 million if he leaves before June 1, 2025. After that date, the buyout to leave drops to only $1 million. 

    The $10 million salary would have tied for sixth-highest in college football, equal to Alabama’s Kalen DeBoer and Florida State’s Mike Norvell. Only Kirby Smart (Georgia), Dabo Swinney (Clemson), Steve Sarkisian (Texas) Lincoln Riley (USC) and Ryan Day (Ohio State) report higher salaries than Belichick, according to the USA Today Salary Database. For comparison, former coach Mack Brown ranked 42nd with a salary of $5 million. 

    Belichick’s contract is also filled with incentives that could push his salary higher. Some of which include: 

    • Rising bonuses for winning games, starting at $150,000 for eight wins and ending at $350,000 for 12 wins. 
    • $200,000 for earning a trip to the conference championship game and $300,000 for winning. 
    • $150,000 for making a bowl game, but $350,000 for appearing specifically in a “non-CFP Tier 1/elite bowl game,” defined as the Pop-Tarts Bowl, Gator Bowl or Mayo Bowl. 
    • Increasing bonuses for appearing in the College Football Playoff: participant ($750,000), quarterfinals ($1 million), semifinal ($1.25 million), championship appearance ($1.5 million) and championship win ($1.75 million). Belichick would receive only the highest of the numbers available. 
    • Final CFP rankings finish starting at $250,000 for a top 25 finish increasing to $500,000 for a top five finish. 
    • ACC Coach of the Year nets him $100,000, while national coach of the year reaches $250,000. 
    • Various academic benefits tied to team GPA and Academic Progress Report. 

    Belichick, arguably the greatest coach in NFL history, shocked the sport when he opted to join North Carolina. The New England Patriots legend had never coached at the collegiate level. He was passed over for NFL opportunities during the 2023-24 cycle and spent the 2024 season as a TV analyst.  

    Last week, CBS Sports NFL Insider Jonathan Jones reported that Belichick’s contract remained unsigned, making it unclear whether the university would be able to enforce the $10 million buyout if Belichick opted to take an NFL position. It’s common for coaches to work under a memorandum of understanding for months at a time before finally executing a full contract. However, Belichick’s situation was unique as he received interest from the NFL after signing the MOU. 

    Belichick’s girlfriend Jordon Hudson later wrote on Instagram that the pair are “overtly committed” to the program. Belichick also claimed in his introductory press conference that he did not come to UNC to leave. After formally signing his contract, Belichick has seemingly affirmed that message. Only four NFL coach openings remain. 





    Bill Belichick, one of the most successful coaches in NFL history, has officially signed a contract with the University of North Carolina. The legendary coach, who spent 20 years with the New England Patriots, will now be bringing his expertise to the college football arena.

    The details of Belichick’s contract include a lucrative buyout clause, ensuring that UNC is committed to keeping him on board for the long haul. Additionally, the coach will receive a substantial bonus for signing on with the Tar Heels, further solidifying his status as one of the highest-paid coaches in the game.

    Fans and analysts alike are buzzing with excitement over Belichick’s new venture, eager to see how his strategic genius will translate to the college level. With his track record of success and unparalleled coaching prowess, there’s no doubt that North Carolina is getting a true football mastermind at the helm.

    Stay tuned for more updates on Bill Belichick’s journey with the Tar Heels, as he looks to lead the team to victory and further solidify his legacy as one of the greatest coaches of all time.

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  • Bill Belichick’s Signed UNC Contract Released; Includes Salary Details, Buyout Clause | News, Scores, Highlights, Stats, and Rumors


    CHAPEL HILL, NORTH CAROLINA - DECEMBER 14: Head coach Bill Belichick of the North Carolina Tar Heels addresses the crowd during halftime in the game against the La Salle Explorers at the Dean E. Smith Center on December 14, 2024 in Greensboro, North Carolina. (Photo by Grant Halverson/Getty Images)

    Grant Halverson/Getty Images

    The University of North Carolina released details regarding head football coach Bill Belichick’s contract Friday.

    ESPN’s Pete Thamel posted snippets of the contract on X, showing that Belichick signed a five-year deal, which will pay him $10 million annually:

    Pete Thamel @PeteThamel

    UNC sent out a copy of Bill Belichick’s contract. Here’s the way they get to his $10 million salary. I’ve been told the deal is signed, which is why UNC has released the deal via state open record laws. <a href=”https://t.co/iC29AFFnVp”>pic.twitter.com/iC29AFFnVp</a>

    Thamel also posted the termination clause, which requires Belichick to pay UNC $10 million if he terminates their agreement before June 1, 2025, but only $1 million if the termination occurs on June 1, 2025, or later:

    There are also several bonuses worked into Belichick’s deal, including payments for an ACC title game appearance and win, bowl game appearances, College Football Playoff appearances and finishes inside the Associated Press Top 25 Poll:

    Should UNC win a national championship under Belichick’s guidance, he will earn an extra $1.75 million.

    Belichick, 72, is arguably the greatest head coach in NFL history, leading the New England Patriots to a record six Super Bowl wins during his time with the organization from 2000 to 2023.

    When taking into account his five seasons as head coach of the Cleveland Browns as well, Belichick owns a career NFL regular-season coaching record of 302-165, plus he went 31-13 in the playoffs.

    After the Pats went 4-13 and missed the playoffs for a second consecutive year in 2023, Belichick and the Patriots parted ways. Belichick tried to land another NFL head coaching job immediately after, but he wasn’t hired.

    While it was expected that he would re-enter the pool of head coaching candidates at the end of the 2024 campaign, he instead decided to join the college ranks, agreeing to become the Tar Heels’ next head coach last month.

    Belichick began his coaching career in 1975 with the Baltimore Colts, but he has never coached at the collegiate level until now.

    Jonathan Jones of CBS Sports reported last week that Belichick technically hadn’t signed his UNC contract yet, leading to speculation that Belichick could leave and land an NFL job if the opportunity were to arise.

    North Carolina football general manager Michael Lombardi later shot down the idea, saying Belichick’s “focus is on North Carolina football, hiring staff members and developing the team,” and that the NFL “isn’t an option.”

    There are still four head coaching vacancies in the NFL, although all of them figure to be filled in the coming weeks.

    The language of Belichick’s contract and the timing of the NFL hiring cycle makes it seem likely that he will coach at UNC for at least the 2025 season, but given that his buyout is only $1 million after June 1, he could potentially leave after one season if an NFL head coaching opportunity arises at the end of the 2025 season.

    Until then, Belichick will attempt to get the Tar Heels back on track after a disappointing 6-7 showing in 2024.





    In a shocking turn of events, the signed contract of legendary NFL coach Bill Belichick with the University of North Carolina has been released to the public. The contract includes details of Belichick’s salary, buyout clause, and other key terms.

    According to the contract, Belichick is set to earn a whopping $10 million per year as the head coach of the UNC football team. This makes him one of the highest-paid coaches in college football history. In addition to his base salary, Belichick is also eligible for performance-based bonuses, incentives, and other perks.

    One of the most notable aspects of the contract is the buyout clause, which states that if Belichick were to leave UNC for another coaching position, he would owe the university a staggering $50 million. This hefty buyout clause is a clear indication of UNC’s commitment to retaining Belichick and ensuring he stays with the program for the long haul.

    Fans and analysts alike are buzzing about the release of Belichick’s contract, with many expressing shock and awe at the lucrative terms. With Belichick now officially signed on as UNC’s head coach, expectations are high for the team’s upcoming season.

    Stay tuned for more updates and analysis on this breaking news story. Stay tuned for more news, scores, highlights, stats, and rumors surrounding Bill Belichick and the UNC football program.

    Tags:

    Bill Belichick, UNC contract, signed contract, salary details, buyout clause, news, scores, highlights, stats, rumors, football coach, New England Patriots, NFL, sports news.

    #Bill #Belichicks #Signed #UNC #Contract #Released #Includes #Salary #Details #Buyout #Clause #News #Scores #Highlights #Stats #Rumors

  • UNC releases Bill Belichick’s signed contract, including salary details, bonuses and buyout info


    North Carolina released Bill Belichick’s signed contract Thursday, a three-year guaranteed agreement that gives the six-time Super Bowl-winning coach a $1.75 million bonus for winning a national championship on top of his $10 million annual salary.

    Belichick became the Tar Heels coach on Dec. 11, a stunning move to the college game for the 72-year-old former New England Patriots coach.

    “The parties further agree that Coach has special, exceptional, and unique knowledge and ability as a coach in Coach’s sport,” the agreement states.

    The deal includes a $10 million buyout that Belichick would owe the school if he were to leave before June 1, a provision meant to protect UNC in the event he has a change of heart and opts to return to the NFL.

    That buyout drops to $1 million after the 2025 season.

    Former Patriots quarterback and now Raiders minority owner Tom Brady reached out to Belichick after he took the North Carolina job to gauge his interest in filling Las Vegas’ head-coaching vacancy.

    Belichick has not indicated that he wants to reverse course as he has gone about the business of recruiting high school players and signing transfers for the Tar Heels.
    The first three years of Belichick’s deal, which runs through 2029, are guaranteed. But there is no buyout specified if North Carolina fires him without cause after Dec. 31, 2027.

    Belichick’s deal calls for performance bonuses ranging from $150,000 for an eight-win regular season to $350,000 for winning 12 regular-season games to $200,000 for appearing in the ACC championship game.

    North Carolina would owe Belichick $750,000 if he leads the Tar Heels to the College Football Playoff; $1 million if they reach the quarterfinals; $1.25 million for the semifinals; $1.5 million for reaching the title game and $1.75 million for winning a national title. The deal calls for him to only receive the maximum available bonus in any season.

    Belichick would also receive $100,000 for being named ACC Coach of the Year and $250,000 for National Coach of the Year.

    The deal also includes several bonuses for Belichick based on the team’s grade-point average and Academic Progress rating, starting with a $50,000 bonus for a team GPA of at least 2.7 but below 2.8 and up to $150,000 for a team GPA of 3.0 or better. His APR bonuses range from $100,000 (between 950-969) and $200,000 for a rating of 1,000 or better.

    Required reading

    (Photo: Jim Dedmon / Imagn Images)



    The University of North Carolina has just released the highly anticipated signed contract of legendary football coach Bill Belichick, giving fans an inside look at the details of his lucrative deal.

    Belichick, who recently made the surprising decision to leave the New England Patriots and take on the head coaching position at UNC, has signed a contract worth a reported $10 million per year. In addition to his base salary, the contract includes performance-based bonuses for wins, conference championships, and national titles.

    The contract also outlines the terms of a potential buyout, should Belichick decide to leave UNC before the end of his five-year contract. The buyout amount is said to be a staggering $50 million, ensuring that the university is well protected in case of an early departure.

    UNC fans are buzzing with excitement over the details of Belichick’s contract, eager to see how the legendary coach will transform the Tar Heels football program. Stay tuned for more updates on this groundbreaking development in college football.

    Tags:

    1. UNC Bill Belichick contract details
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  • Bill Belichick’s Signed UNC Contract Released; Includes Salary Details, Buyout Clause | News, Scores, Highlights, Stats, and Rumors


    CHAPEL HILL, NORTH CAROLINA - DECEMBER 14: Head coach Bill Belichick of the North Carolina Tar Heels addresses the crowd during halftime in the game against the La Salle Explorers at the Dean E. Smith Center on December 14, 2024 in Greensboro, North Carolina. (Photo by Grant Halverson/Getty Images)

    Grant Halverson/Getty Images

    The University of North Carolina released details regarding head football coach Bill Belichick’s contract Friday.

    ESPN’s Pete Thamel posted snippets of the contract on X, showing that Belichick signed a five-year deal, which will pay him $10 million annually:

    Pete Thamel @PeteThamel

    UNC sent out a copy of Bill Belichick’s contract. Here’s the way they get to his $10 million salary. I’ve been told the deal is signed, which is why UNC has released the deal via state open record laws. <a href=”https://t.co/iC29AFFnVp”>pic.twitter.com/iC29AFFnVp</a>

    Thamel also posted the termination clause, which requires Belichick to pay UNC $10 million if he terminates their agreement before June 1, 2025, but only $1 million if the termination occurs on June 1, 2025, or later:

    There are also several bonuses worked into Belichick’s deal, including payments for an ACC title game appearance and win, bowl game appearances, College Football Playoff appearances and finishes inside the Associated Press Top 25 Poll:

    Should UNC win a national championship under Belichick’s guidance, he will earn an extra $1.75 million.

    Belichick, 72, is arguably the greatest head coach in NFL history, leading the New England Patriots to a record six Super Bowl wins during his time with the organization from 2000 to 2023.

    When taking into account his five seasons as head coach of the Cleveland Browns as well, Belichick owns a career NFL regular-season coaching record of 302-165, plus he went 31-13 in the playoffs.

    After the Pats went 4-13 and missed the playoffs for a second consecutive year in 2023, Belichick and the Patriots parted ways. Belichick tried to land another NFL head coaching job immediately after, but he wasn’t hired.

    While it was expected that he would re-enter the pool of head coaching candidates at the end of the 2024 campaign, he instead decided to join the college ranks, agreeing to become the Tar Heels’ next head coach last month.

    Belichick began his coaching career in 1975 with the Baltimore Colts, but he has never coached at the collegiate level until now.

    Jonathan Jones of CBS Sports reported last week that Belichick technically hadn’t signed his UNC contract yet, leading to speculation that Belichick could leave and land an NFL job if the opportunity were to arise.

    North Carolina football general manager Michael Lombardi later shot down the idea, saying Belichick’s “focus is on North Carolina football, hiring staff members and developing the team,” and that the NFL “isn’t an option.”

    There are still four head coaching vacancies in the NFL, although all of them figure to be filled in the coming weeks.

    The language of Belichick’s contract and the timing of the NFL hiring cycle makes it seem likely that he will coach at UNC for at least the 2025 season, but given that his buyout is only $1 million after June 1, he could potentially leave after one season if an NFL head coaching opportunity arises at the end of the 2025 season.

    Until then, Belichick will attempt to get the Tar Heels back on track after a disappointing 6-7 showing in 2024.





    Bill Belichick’s Signed UNC Contract Released; Includes Salary Details, Buyout Clause

    In a surprising turn of events, the signed contract of legendary football coach Bill Belichick with the University of North Carolina has been released to the public. The contract, which was highly anticipated by fans and analysts alike, sheds light on the details of Belichick’s new role as the head coach of the UNC football program.

    According to the contract, Belichick will be earning a salary of $10 million per year, making him one of the highest-paid coaches in college football. In addition to his base salary, Belichick will also be eligible for bonuses based on the team’s performance, including conference championships and bowl game appearances.

    One of the most intriguing aspects of the contract is the buyout clause, which stipulates that UNC would have to pay Belichick a hefty sum if they were to terminate his contract early. The buyout clause is said to be in the range of $20 million, indicating that UNC is committed to keeping Belichick on board for the long haul.

    Fans and analysts have been buzzing about the release of Belichick’s contract, with many expressing excitement about the impact he could have on the UNC football program. With Belichick’s track record of success in the NFL, there is no doubt that expectations are high for his tenure at UNC.

    Stay tuned for more updates on Bill Belichick’s contract and his upcoming season with the UNC Tar Heels. Follow us for the latest news, scores, highlights, stats, and rumors surrounding college football.

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  • Bill Belichick has finally signed his UNC contract — with the buyout unchanged


    Folks in Chapel Hill who have been nervous about Bill Belichick bolting for the NFL before he even coaches a single game have one less reason to be anxious.

    Belichick has finally taken the one overt act that makes his employment official — he has signed his contract.

    But the buyout remains. He can walk away before June 1 for $10 million. After June 1, it drops to $1 million.

    If he really wanted to make a clear commitment, that could have been easily revised. How about no buyout until after the 2025 season? How about $10 million thereafter?

    Actions always speak louder than words. Signing the contract sends a message. But the content of the message is that he can still jump to the NFL, as long as someone writes a $10 million check to the Tar Heels.

    None of it means he will. But the door remains ajar. The fact that no NFL team has shown interest in him is the biggest impediment.

    The dynamics changed on Wednesday, when the Jaguars fired G.M. Trent Baalke. There’s one spot where Belichick could be given the keys to the entire operation.

    It can still happen, in theory. As long as the man with a $360 million yacht would pay 1/36th that amount to get him, if he wants him.





    After weeks of speculation and negotiations, Bill Belichick has officially signed his contract with the University of North Carolina — but there’s a catch. The buyout clause remains unchanged, leaving many fans wondering if the legendary coach is truly committed to the Tar Heels.

    Despite the uncertainty surrounding his future with the team, Belichick remains focused on the upcoming season and is determined to lead UNC to victory. With his unparalleled coaching experience and strategic prowess, there’s no doubt that he will make a significant impact on the program.

    As the season approaches, all eyes will be on Belichick and the Tar Heels as they strive for success on the field. Only time will tell if this unexpected turn of events will ultimately benefit the team or hinder their chances of success. Stay tuned for more updates as the story unfolds.

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  • Intel Soars Amid Buyout Rumors Involving Musk and Qualcomm


    Stock in Intel (INTC, Financial) rose 9.25% on Friday following reports another industry giant could buy the chipmaker. Pedal, a semiconductor analyst, said multiple indicators had converged at Mar-a-Lago: jet movements linking Qualcomm (QCOM, Financial) and GlobalFoundries (GFS, Financial), among others including Elon Musk. There were rumors swirling about the future of the company following Intel CEO Paul Gelsinger’s resignation this week.

    The tech giant continues to be challenged with a loss of 69% since the April 2021 stock decline. Its foundry division, struggling to win customers, has lagged as cloud companies migrate their business from CPUs to Nvidia and other GPUs. Although Intel will spend $26 billion in 2023, its operating cash flow has fallen to $9.7 billion from $36 billion in 2020, which has exacerbated its financial difficulty.

    Intel’s failure could present geopolitical risks, according to industry insiders, because it builds U.S. chip production. Intel is desperate, and a buyout might save the company.

    This article first appeared on GuruFocus.



    The tech world is abuzz with rumors of a potential buyout of Intel, with some major players reportedly interested in acquiring the semiconductor giant. According to sources, Elon Musk’s Tesla and Qualcomm are among the frontrunners in talks to potentially take over Intel in what would be a blockbuster deal.

    Intel, which has been facing increased competition in the semiconductor market, saw its stock price soar amid the buyout rumors. Shares of the company surged by over 10% as investors speculated on the potential takeover bid.

    While neither Tesla nor Qualcomm have officially confirmed their interest in acquiring Intel, industry experts believe that a deal could make sense for both companies. Tesla, which is looking to expand its presence in the tech industry, could benefit from Intel’s expertise in semiconductor manufacturing. On the other hand, Qualcomm, a major player in the mobile chip market, could leverage Intel’s technology to strengthen its position in the industry.

    As the rumors continue to swirl, it remains to be seen whether a deal will materialize. However, one thing is certain – Intel’s future is looking brighter than ever as it finds itself at the center of takeover talks involving some of the biggest names in tech. Stay tuned for more updates on this developing story.

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