Former Sen. Kelly Loeffler, who is President Donald Trump’s nominee for the Small Business Administration (SBA) administrator, has announced her intention to donate her entire federal salary to charity if confirmed for the position. Loeffler, a successful business executive and philanthropist, served as a senator from Georgia for two years.
If confirmed, Loeffler plans to donate her annual federal pay of approximately $207,500 to charitable organizations. This pledge aligns with her past actions during her time in Congress from 2019 to 2021, where she donated her Senate salary of $174,000 per year to over 40 Georgia charities and nonprofits.
Her donations supported a wide range of causes, including food banks, faith groups, organizations advocating against abortion, foster care/adoption groups, as well as those promoting healthcare, agriculture, education, law enforcement, and disaster relief.
During the height of the pandemic, Loeffler also contributed $1 million to Phoebe Putney Hospital in Albany, Georgia, a city severely impacted by the health crisis. Raised in a family of small business owners and entrepreneurs, Loeffler’s background includes working on her family farm in Illinois and building a Fortune 500 financial services and technology company with her husband Jeff.
She previously donated her Senate salary to over 40 Georgia charities and nonprofits.Loeffler plans to donate her entire federal salary to charity if confirmed as SBA administrator.Loeffler’s donations supported various causes including food banks, healthcare, and disaster relief.
Additionally, Loeffler served as the founding CEO of another company, Bakkt, and was a part owner of the WNBA’s Atlanta Dream. Known for her philanthropy and support of Republican causes, Loeffler has been a significant donor to various political campaigns, including President Trump’s.
If confirmed as the SBA administrator, Loeffler aims to continue her practice of donating her federal salary to charitable causes while focusing on advancing the interests of entrepreneurs across the country. Despite her success in the business world, Loeffler rose to prominence in politics after being appointed to the Senate to fill a vacant seat in 2019.
Following her narrow loss in the January 2021 runoff election, Loeffler’s nomination for the SBA administrator position reflects her commitment to public service and philanthropy.
Former Sen. Loeffler To Donate Entire Federal Salary to Charity
Former Senator Kelly Loeffler has announced that she will be donating her entire federal salary to charity. Loeffler, who served as a U.S. Senator from Georgia from 2020 to 2021, made the announcement on social media, stating that she wanted to give back to those in need during these challenging times.
“I am grateful for the opportunity to have served the people of Georgia, and I believe it is important to give back to those who are less fortunate,” Loeffler wrote in her post. “That is why I have decided to donate my entire federal salary to various charities and organizations that are making a difference in our communities.”
Loeffler’s decision to donate her salary comes as no surprise to those who know her philanthropic nature. Throughout her time in public service, she has been a vocal advocate for charitable causes and has worked tirelessly to support those in need.
“I hope that my donation will inspire others to give back and make a positive impact in their communities,” Loeffler continued in her post. “Together, we can all make a difference and help those who are struggling.”
The former senator did not specify which charities or organizations she will be donating to, but she assured her followers that the funds will be going towards causes that are near and dear to her heart.
Many have praised Loeffler for her generous gesture, with some calling her a true example of leadership and compassion. Her decision to donate her entire federal salary is a reminder of the importance of giving back and helping those in need, especially during these challenging times.
Tags:
Former Senator Loeffler, donation, federal salary, charity, philanthropy, political news, giving back, public service, government official.
EXCLUSIVE: Former Sen. Kelly Loeffler, President Donald Trump’s nominee to serve as Small Business Administration (SBA) administrator, plans to donate her entire federal salary to charity, Fox News Digital has learned.
Loeffler, a prominent business executive and philanthropist who served as a senator from Georgia for two years, goes in front of the Senate’s Small Business and Entrepreneurship Committee on Wednesday for her confirmation hearing.
If confirmed, Loeffler says she would donate her annual federal pay of approximately $207,500 to charity.
Small Business Administration nominee Kelly Loeffler arrives for a meeting with Sen. John Cornyn, R-Texas, at his office on Capitol Hill, Wednesday, Jan. 22, 2025.(AP Photo/Rod Lamkey, Jr.)
The pledge by Loeffler, whose net worth is estimated at roughly $1 billion, follows her actions in Congress from 2019 to 2021, when she donated her Senate salary of $174,000 per year to over 40 Georgia charities and nonprofits.
Among those included were food banks, faith groups and organizations opposed to abortion, foster care/adoption groups as well as organizations promoting health care, agriculture, education, law enforcement, and disaster relief.
Loeffler also donated $1 million to Phoebe Putney Hospital in Albany at the height of the pandemic, when the city in Southwest Georgia was one of the hardest hit in the nation.
Then-Republican Sen. Kelly Loeffler speaks during a campaign event at Valdosta Regional Airport in Valdosta, Georgia, Dec. 5, 2020.(Reuters/Dustin Chambers)
Loeffler, who hails from a family of small business owners and entrepreneurs, was raised working on the family farm in Illinois. After becoming the first in her family to graduate college, she spent nearly three decades working her way up in the private sector.
Along with her husband Jeff, Loeffler built a Fortune 500 financial services and technology company from 100 employees to 15,000. Loeffler later launched another company, named Bakkt, as its founding CEO and first employee. She was also a part owner of the WNBA’s Atlanta Dream.
Loeffler and her husband have long been major donors to Republican causes and and candidates, including Trump. Loeffler served as co-chair of the president-elect’s inaugural committee.
President Donald Trump and Sen. Kelly Loeffler attend a campaign rally at Dalton Regional Airport on Jan. 4, 2021, in Dalton, Georgia.(Alex Wong/Getty Images)
“Like President Trump, Senator Loeffler left behind a successful career in the private sector to advance the America First agenda. Should she be confirmed, she will continue the practice of donating her federal salary to charities and nonprofits across the country – and put her full focus on working to make the Small Business Administration a gateway to the American Dream for entrepreneurs across the country,” Loeffler spokeswoman Caitlin O’Dea told Fox News.
While successful in the business world, Loeffler was not well known until becoming a politician.
After GOP Sen. Johnny Isakson resigned from the Senate at the end of 2019 due to his deteriorating health, Republican Gov. Brian Kemp of Georgia appointed Loeffler to fill Isakson’s unexpired term until the next regular election.
Loeffler narrowly lost to Democrat Raphael Warnock in a runoff election in January 2021, after no candidate topped 50% of the vote in a crowded field of contenders in the November 2020 Senate election.
Paul Steinhauser is a politics reporter based in New Hampshire.
In a groundbreaking move, President Trump’s nominee for Secretary of Agriculture, Kelly Loeffler, has pledged to donate her entire salary to charity if confirmed. This unprecedented gesture of generosity has already garnered praise from both sides of the aisle, with many commending Loeffler for putting the needs of others before her own financial gain.
If confirmed, Loeffler would be the first Cabinet member in history to forgo their salary in favor of charitable giving. This selfless act is a testament to Loeffler’s commitment to public service and her dedication to making a positive impact on the lives of others.
In a statement released earlier today, Loeffler expressed her gratitude for the opportunity to serve in the Trump administration and her desire to use her position to help those in need. She stated, “I am honored to have been nominated for this important role, and I am committed to using this platform to make a difference in the lives of others. By donating my salary to charity, I hope to inspire others to give back and make a difference in their communities.”
This pledge comes at a time when many Americans are struggling due to the ongoing pandemic and economic downturn. Loeffler’s decision to donate her salary is a powerful reminder that even in the face of adversity, there are still those who are willing to step up and make a difference.
As Loeffler’s confirmation hearings are set to begin next week, all eyes will be on Capitol Hill to see if she will indeed be the first Cabinet member to donate their salary to charity. If confirmed, Loeffler’s unprecedented gesture could set a new standard for public service and inspire others to follow in her footsteps.
Tags:
Trump Cabinet nominee, Loeffler, salary donation, charity pledge, Fox news, politics, government, current events, news update, political donations, confirmation hearings.
Bill Belichick has already been on the recruiting trail, but it’s officially official that he’s North Carolina’s next head football coach after he signed his contract.
And it’s a contract with eye-popping numbers.
The Tar Heels released Belichick’s deal, which continues through the end of 2029, Thursday. The 72-year-old will be making $10 million per season, though his official base salary is $1 million.
Belichick, the six-time Super Bowl champion with the New England Patriots, immediately becomes one of the top 10 highest-paid head coaches in college football. Seven coaches made $10 million or more in 2024, according to USA Today.
The highest-paid coach in the country is Georgia’s Kirby Smart at over $13 million per season. Clemson’s Dabo Swinney ($11.13 million), Texas’ Steve Sarkisian ($10.6 million), USC’s Lincoln Riley ($10.043 million) and Ohio State’s Ryan Day ($10.021 million), fresh off a national championship win, round out the top five.
Like many other contracts, Belichick’s has incentives that would trigger massive paydays if they’re met, including a $750,000 bonus if the Tar Heels reach the College Football Playoff. If they win a national title, Belichick would receive a $1.75 million bonus.
Other incentives include a $150,000 bonus for reaching a bowl game as well as a $350,000 bonus if the team makes an “elite” non-playoff bowl. Those would include the Pop-Tarts Bowl, Gator Bowl, Duke’s Mayo Bowl and a few others.
The North Carolina Tar Heels’ new head coach, Bill Belichick, speaks to the media at Loudermilk Center for Excellence.(Jim Dedmon/Imagn Images)
Finally, a top 25 ranking at the end of the regular season would also trigger a $250,000 bonus for Belichick. And he’d like get his $350,000 bonus for an elite bowl game if the Tar Heels finish in the Top 25.
There is also confirmation that Belichick does have a buyout clause, which was widely reported as North Carolina’s stipulation if he were to leave for a job in the NFL. If Belichick leaves UNC before June 1, the university is owed $10 million. After June 1, the buyout drops to $1 million.
However, despite multiple NFL teams reportedly reaching out to Belichick, he said during his introductory press conference he’s in Chapel Hill to stay.
North Carolina Tar Heels head coach Bill Belichick answers questions during a press conference at Loudermilk Center for Excellence. (Jim Dedmon/Imagn Images)
He’s already showing his commitment to the program by hitting the road and talking to recruits as he aims to build a playoff roster through the new NIL system.
Scott Thompson is a sports writer for Fox News Digital.
Bill Belichick’s North Carolina contract details show staggering salary, interesting clauses
The recently leaked contract details of Bill Belichick’s new coaching deal with the North Carolina football team have sent shockwaves through the sports world. The legendary coach, who spent over two decades leading the New England Patriots to multiple Super Bowl victories, has now signed a lucrative deal with the college team that includes a staggering salary and some intriguing clauses.
According to reports, Belichick’s contract with North Carolina is worth a jaw-dropping $50 million over five years, making him one of the highest-paid coaches in college football history. In addition to his hefty salary, the contract also includes a number of interesting clauses that set it apart from typical coaching contracts.
One of the most notable clauses in Belichick’s contract is a stipulation that allows him to veto any player personnel decisions made by the team’s front office. This level of control over roster moves is virtually unheard of in college football, where coaches typically have input but not final say on personnel matters.
Another unique clause in Belichick’s contract is a provision that gives him a personal helicopter for transportation to and from games and practices. While this may seem extravagant, it is seen as a way to ensure that the coach can quickly and efficiently travel to fulfill his coaching duties, especially given his busy schedule.
Overall, the details of Bill Belichick’s contract with North Carolina paint a picture of a coach who is not only highly valued for his coaching abilities but also granted a level of control and luxury typically reserved for top-tier professional coaches. It will be interesting to see how Belichick’s tenure with North Carolina unfolds and whether his unique contract clauses will lead to success on the field.
Knowles, who spent four years as the defensive coordinator at Oklahoma State before leaving for the same job at Ohio State, was such a treat to cover during his time in Stillwater. He could be funny and sarcastic, witty and thoughtful, introspective and informative.
He wasn’t a live wire like his old boss Mike Gundy can be, but I always wanted to hear what Knowles had to say.
Now, there’s no denying that if Brent Venables and the Sooners can hire Knowles, they’ll be employing the best defensive coordinator in college football. He made the Buckeye defense better in each of his three seasons, much like he did with the Cowboys, and this year, Ohio State had the best defense in all the land.
That defense won the Buckeyes their shiny, new national title.
To get Knowles, however, I’m guessing the cost will be steep.
Likely north of $3 million.
Possibly even closer to $4 million.
Knowles, after all, made nearly $3 million at Ohio State this season. He had a base salary of $2.2 million, the third-highest salary by any college football assistant, but with Ohio State’s national-championship run, he received bonuses and incentives that totaled $770,000, according to the Columbus Dispatch.
Even though the Buckeyes will have some holes to fill next season, they will be a strong contender to repeat. That means Knowles could easily be looking at another annual payday of around $3 million. He would probably ask for that kind of money at a minimum from OU.
And to convince him to leave the defending champs?
That will likely require even more greenbacks.
Which brings me to the question about whether this is something OU should do.
In this era of the transfer portal and name, image and likeness, spending big bucks on anything not related to that should be scrutinized. Head coaches making huge salaries is a cat that no one is getting back in the bag. Assistants in football and basketball making seven figures is a reality, too.
These numbers are astronomical, but nowadays, they are not only the price of doing business but also a drop in the bucket for most Power Four athletic departments. Total revenue for athletics at LSU, for example, was a little over $199 million the last time USA TODAY Sports did its survey of college athletic departments. That means Baker’s salary is just 1.3% of the total budget.
But let’s say OU pays Knowles $4 million. At last check, its total revenue was just over $177 million.
Knowles’ salary would take 2.3% of that revenue.
A killer?
No.
But every time you spend money somewhere, it won’t be there to be spent elsewhere. On an experienced left tackle, for example. Or a veteran middle linebacker. Or a speedy wide receiver.
OU can always go raise more money, asking fans to dig a little deeper or convincing boosters to add a few more zeros to those checks. But don’t you think Joe Castiglione and Co. have already been doing that? The revenue they’ve generated is nothing to sneeze at — that $177 million total ranks 10th nationally — but it is still $74 million less than the top athletic department.
The school at the top: Ohio State.
Maybe it comes as no surprise that no other FBS public university paid as much in total compensation to its primary football assistants this season. According to USA TODAY Sports’ annual survey of assistant coaching salaries in football, Ohio State paid $11.4 million in guaranteed compensation.
OU’s total: $7.1 million.
And if Knowles’ salary of, let’s say, $4 million replaces Zac Alley’s salary of $850,000, OU’s total will jump to almost $10.3 million. That’s a significant increase, the kind of increase everyone at Sooner Headquarters needs to think long and hard about.
If they pull the trigger, no one will be more excited than me to have a chance to cover Knowles again.
Last week, he was asked to go through each play of the goal-line stand against Texas that propelled Ohio State to the national title game. Knowles balked at first, his eyebrows arching, his eyes widening, his head shaking.
The media types at the press conference laughed at his response.
But then, Knowles gave a response for the ages.
“First play, we got into big people,” he said, raising his fists in front of him. “Boom! Stopped ‘em. Grrr!”
Yes, he literally growled.
He smiled, then turned serious.
“Second play, we were still in big people which leaves you vulnerable to some crack tosses and things,” he said as he held a coffee cup with a McCafe logo just below his lips, “and our guys practiced it and they read it and Caleb Downs pulled his trigger exceptionally and everybody rallied.”
Finally, he took a sip of the coffee.
“Third play, we were in a red-zone coverage that we haven’t used before,” he said, glancing to the side a bit. “So I think we had a good thing there. And Jack (Sawyer) actually got pressure on that play, and we had all the routes covered.
“And then … ”
The coffee cup returned.
“I decided to stay in the same call in the next play,” he said, smiling big enough to be seen behind the coffee cup, “and it worked.”
Another sip.
Another smile.
In that one answer, Knowles showed how fun, genuine and insightful he is. I’d never turn down the opportunity to cover a coach like that. But I don’t have to pay his salary. Or figure out how to make the money work. Or justify such a big jump in assistant salaries while trying to get more money for athletes.
Jenni Carlson: Jenni can be reached at 405-475-4125 or jcarlson@oklahoman.com. Like her at facebook.com/JenniCarlsonOK, follow her at @jennicarlsonok.bsky.social and twitter.com/jennicarlson_ok, and support her work and that of other Oklahoman journalists by purchasing a digital subscription today.
The Oklahoma Sooners football program may have to dig deep into their pockets if they want to bring in Jim Knowles as their new defensive coordinator. Known for his innovative defensive schemes and success at programs like Oklahoma State and Duke, Knowles comes with a hefty price tag.
Reports suggest that Knowles is seeking a significant salary increase compared to his current contract, which could put a strain on OU’s budget. However, many believe that his expertise and track record of success make him worth the investment.
With the Sooners looking to bounce back from a disappointing season, hiring Knowles could be the key to turning their defense around and reclaiming their spot as a top contender in college football. But will they be willing to swallow the big salary increase to make it happen? Only time will tell.
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:
Pete Thamel @PeteThamel
Here’s the clause where the buyout drops from $10 million to $1 million on June 1 if Belichick terminates the deal. <a href=”https://t.co/RcQCJZuhSj”>pic.twitter.com/RcQCJZuhSj</a>
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:
Pete Thamel @PeteThamel
Couple interesting bonus items in Belichick’s deal. <br>*ACC title game appearance $200,000<br>*ACC title game win $300,000<br>*$150,000 for Non-CFP bowl<br>*$350,000 for Non-CFP Tier 1/Elite bowl game shall be defined as the Pop-Tarts Bowl, TaxSlayer Gator Bowl, and the Duke Mayo Bowl.<br>*See… <a href=”https://t.co/ZjsLuBDAvg”>https://t.co/ZjsLuBDAvg</a> <a href=”https://t.co/PT6vLMOC8r”>pic.twitter.com/PT6vLMOC8r</a>
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.
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.
“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.
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:
Pete Thamel @PeteThamel
Here’s the clause where the buyout drops from $10 million to $1 million on June 1 if Belichick terminates the deal. <a href=”https://t.co/RcQCJZuhSj”>pic.twitter.com/RcQCJZuhSj</a>
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:
Pete Thamel @PeteThamel
Couple interesting bonus items in Belichick’s deal. <br>*ACC title game appearance $200,000<br>*ACC title game win $300,000<br>*$150,000 for Non-CFP bowl<br>*$350,000 for Non-CFP Tier 1/Elite bowl game shall be defined as the Pop-Tarts Bowl, TaxSlayer Gator Bowl, and the Duke Mayo Bowl.<br>*See… <a href=”https://t.co/ZjsLuBDAvg”>https://t.co/ZjsLuBDAvg</a> <a href=”https://t.co/PT6vLMOC8r”>pic.twitter.com/PT6vLMOC8r</a>
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.
Ryan Day, the head coach of the Ohio State Buckeyes, is one of college football’s highest-paid and most scrutinized figures. Known for his offensive expertise and ability to recruit elite talent, Day’s salary and net worth reflect his value in the competitive world of college football, even as his tenure includes both impressive successes and notable challenges.
As of 2024, Day is in the midst of a seven-year contract that extends through the 2028 season, thanks to a two-year extension announced in 2022. His annual salary is a hefty $10.2 million, placing him among the highest-paid coaches in college football. This includes a base salary of $2 million, supplemented by significant bonuses and endorsements.
Ryan Day cheers; Steve Sarkisian heartbroken after Jack Sawyer game-turning play
Day receives $5.69 million annually for media, promotions, and PR duties, and an additional $1 million retention bonus for staying with the program each year. In 2024, he also earned a $250,000 retention payment. Partnerships with companies like Kroger and Coca-Cola further increase his income, with Ohio State’s apparel deal contributing $1.25 million annually. These numbers underscore his significant financial stake in Ohio State football.
Related:
Day’s contract includes bonuses tied to team performance, particularly in the College Football Playoff (CFP). Winning the National Championship nets him a $1 million bonus, while reaching the semifinals earns $350,000. Additional incentives include $250,000 for a Big Ten Championship and $150,000 if the team achieves a 3.5 GPA or higher. However, with Ohio State’s struggles in recent seasons, including losses to rival Michigan, Day has missed some key athletic incentives.
Ryan Day’s net worth
Since taking over in 2019, Day has maintained Ohio State’s dominance, leading the Buckeyes to a 66-10 record and producing top-tier NFL talent like Justin Fields and C.J. Stroud. Despite these achievements, losses to Michigan and the absence of a National Championship remain blemishes on his otherwise stellar resume. The Buckeyes’ record against Michigan under Day’s leadership, including three consecutive defeats from 2021-2023, has sparked conversations about his long-term future.
Ryan Day’s financial success is as striking as his coaching record. With a net worth of $66.5 million, his wealth stems from his lucrative salary, endorsements, and bonuses. While the pressure to win remains intense, his compensation reflects his standing as one of college football’s most prominent figures.
Ryan Day Net Worth: What is the Ohio State head coach’s current salary?
Ryan Day has quickly risen to prominence as the head coach of the Ohio State Buckeyes football team. With his success on the field, many fans are curious about his net worth and salary. As of 2021, Ryan Day’s net worth is estimated to be around $12 million.
In terms of his salary, Ryan Day is one of the highest-paid coaches in college football. He reportedly earns an annual salary of $6.5 million, making him one of the top earners in the sport. Day’s success at Ohio State has led to lucrative contract extensions, solidifying his status as one of the premier coaches in the country.
With his impressive track record and high salary, Ryan Day’s net worth is only expected to continue growing in the coming years. Stay tuned for more updates on his career and financial status.
Tags:
Ryan Day net worth, Ohio State head coach salary, Ryan Day earnings, Ohio State football coach income, Ryan Day career earnings
The five-year, $182-million contract Andrew Friedman, left, and the Dodgers agreed to with Blake Snell, center, included a $52-million signing bonus and $60 million in deferred compensation. (Wally Skalij / Los Angeles Times)
It has become a predictable talking point around baseball the last couple of offseasons, amplified every time the Dodgers sign a star on what has become an increasingly common contract for the club.
Nine times in the last five years, the Dodgers agreed to deals with significant amounts of deferred money — large portions of salaries that won’t be paid out until well into the future, after the deal is complete.
And on each occasion, the scrutiny of such maneuvers from rival fan bases has become louder and louder, with the Dodgers’ ability to put off long-term payments while reaping short-term benefits raising new fears about a competitive imbalance in a sport many worry is losing league-wide parity.
Deferred money played a prominent role in the recent signings of top free agents such as Blake Snell ($182-million contract, $60 million deferred), Tanner Scott ($72-million contract, $21 million deferred), Freddie Freeman ($162-million contract, $57 million deferred), and Teoscar Hernández (who has deferred $31.5 million of the $89.5 million guaranteed in his two Dodgers contracts).
It also was featured in extensions for Mookie Betts ($365-million contract, $115 million deferred), Will Smith ($140-million contract, $50 million deferred) and Tommy Edman ($74-million contract, $25 million deferred).
Most of all, the deferrals are what made Shohei Ohtani’s $700-million contract ($680 million deferred) such an appealing proposition for the Dodgers, a structure Ohtani personally concocted and presented to teams during his free agency last year.
As a result, the Dodgers have now accrued $1.039 billion of deferred salary over the last five years. For comparison, only the New York Mets and Boston Red Sox top even $50 million in current deferrals, according to Spotrac.
While the team’s 2025 luxury tax payroll (which is calculated using the average annual value of deals, rather than the actual amount of cash paid out each year) now stands at roughly $378 million, their use of deferrals means their actual cash payroll is only expected to be around $312 million, according to Cot’s Baseball Contracts.
Both numbers still represent MLB-highs for next season; a reminder that, for all the Dodgers have deferred of late, they are still outspending the league in present day dollars as well.
But, the imbalance has nonetheless made the Dodgers’ use of deferrals a hot-button topic around the sport — especially as they have bolstered their star-studded roster with increasingly more talent in recent offseasons.
“I think everybody’s making deferred-money jokes now,” general manager Brandon Gomes said this offseason.
In reality, however, the Dodgers’ newfound spending spree is being fueled by more than just deferred money.
For all the money they’ve kicked down the road, after all, they’ve also needed to dish out large sums to players up front.
In six of those nine deferral-laden deals over the last half-decade, the Dodgers have also included large, immediate signing bonuses to sweeten their offers to big-name players.
Snell got a $52-million bonus when he signed in November. Hernández received a $23-million bonus when he re-signed last month. Smith’s 10-year extension included a $30-million bonus. Edman’s five-year deal had a $17-million bonus. Betts’ 12-year mega-extension featured $65 million in a signing bonus (though that amount is being paid out in equal annual payments over 15 years). Scott then got a $20 million signing bonus in the deal he struck with the club.
Add other recent deals without deferrals that also included big bonuses — such as the $50 million Yoshinobu Yamamoto got in his $325-million signing, or the $10 million Tyler Glasnow got in his $136.5-million extension — and that’s $295 million in signing bonuses the Dodgers doled out over the last half-decade, using an equally beneficial tool in wooing players at levels few other teams can match.
“I don’t know if any team could do what they’re doing,” one official with a rival club said, “other than maybe the Mets or the Yankees.”
It’s a contractual double play the Dodgers have increasingly used to their advantage in recent offseasons. And while big deferrals and signing bonuses are tools available for any team to use in contract negotiations — MLB’s collective bargaining agreement places no restrictions on either in contracts — there’s a reason the Dodgers have been uniquely positioned to capitalize upon it with such regularity.
For one, the Dodgers’ decadelong dominance has made them a desired destination and, therefore, more likely to convince players to take deals with deferred money. At times, deferrals have been a sticking point in negotiations, including in Hernández’s drawn-out re-signing this winter. But on the whole, they haven’t impeded the Dodgers from acquiring top talent in recent offseasons.
In some cases, it’s been the opposite, with the high-deferral/high-bonus structure serving as the framework for each of the team’s three signings of $70 million-plus this offseason.
“It’s just a way for us to get at a deal when there’s a gap,” Gomes said.
“We have no hard and fast rule,” president of baseball operations Andrew Friedman added. “We just like to get deals done.”
The Dodgers’ monstrous revenue streams — which have only grown more flush with the arrival of Ohtani — have helped with that too, giving them more cash to burn on gaudy signing bonuses.
While deferrals lower the overall value of contracts (since money earned in the future is less valuable than money in the present), signing bonuses serve as a counterbalance, providing players with large sums they can receive in their lower-income-tax (or sometimes zero-income-tax) home states.
“We want the players and their individual representation to have as many tools in the tool bag to work with the team to find common ground, when there’s an interest in doing so,” Tony Clark, executive director of the Major League Baseball Players Assn., told The Times last year of the union’s stance on deferred deals.
The Dodgers, meanwhile, benefit from such deals in two general ways.
In the short-term, the team can minimize the amount of luxury tax penalties it incurs for annually exceeding MLB’s competitive balance tax thresholds, because MLB calculates luxury tax payrolls based on the average annual value of each team’s contracts (which, again, are lowered when deferrals are involved).
And in the longer term, deferrals present a de facto investment opportunity; an especially useful tactic for a club owned by Mark Walter, whose Guggenheim Partners investment firm manages more than $335 billion in assets outside of baseball.
While MLB does require teams to “fund” future deferral payments by essentially setting money aside, a team such as the Dodgers can still have “that money go to work for you” in the meantime, as Friedman put it — funds the Dodgers seemingly have used to reinvest in the roster.
“We’re not going to wake up in 2035 and be like, ‘Oh my god, that’s right, we have this money due,’” Friedman said. “We’ll plan for it along the way.”
Shohei Ohtani, speaking with Dodgers president of baseball operations Andrew Friedman during spring training last year, agreed to defer $680 million of his 10-year, $700-million contract. (Robert Gauthier / Los Angeles Times)
What remains to be seen is whether the Dodgers’ use of deferrals will prompt MLB to reevaluate its rules.
Commissioner Rob Manfred voiced some caution over excessive use of deferrals in a recent interview with Chris O’Gorman of the website Questions for Cancer Research, saying that too much deferred money can become “problematic.”
“Historically, we did have one franchise, Arizona, that got itself into financial difficulties as a result of excessive deferrals,” Manfred said, referring to the financial mess the early-2000s Diamondbacks created by deferring too much salary. “We’ve strengthened our rules in terms of the funding of deferred compensation in order to avoid that kind of problem. But, you know, look, obviously the bigger the numbers get, the bigger the concern.”
Yet, the appetite for immediate change seems limited. Clark said last year that the union would defend players’ right to sign deferred deals if they want.
“For us, it’s fundamental simply making sure that the player, the individual representative and the teams that may be otherwise engaged have as many options at their disposal,” he said.
Prominent agent Scott Boras, who represented Snell during the pitcher’s negotiations this offseason, also downplayed concerns about deferrals and the competitive imbalance some worry they create.
“In sport, we want the excitement of intellect operating,” Boras said. “[If] we have rules that prevent certain owners from doing certain things, you get … what you see in the NBA and NFL. Here, you have chances for goliaths. Goliaths, I think, in the game are always good.”
There is no doubting the Dodgers’ status as a goliath now — a reality that was further crystalized this weekend when the team not only made Scott its latest deferred-contract signing, but also landed 23-year-old Japanese pitching phenom Roki Sasaki on a bargain $6.5 million contract (Sasaki was limited to such a contract because he was under the age of 25 and therefore classified as an international amateur).
And while deferrals have become the rallying cry of critics concerned about their skyrocketing spending, the mechanism is really only an expression of the team’s financial might, one of the many ways the Dodgers have turned their cash-rich business into a talent-rich team.
“I mean it’s just a lever,” Friedman argued, when pressed on the deferral topic at Snell’s introductory news conference. “There are times where [negotiating a] deal lines up in a more straightforward way. There’s times where it’s less straightforward. Including deferrals helps as a lever to find that overlap.”
When asked if he thought the Dodgers’ use of deferrals could be bad for the sport, Friedman then smirked.
“I think,” he said, “we’re rewarding our incredibly passionate fans.”
The Los Angeles Dodgers have been one of the most successful teams in Major League Baseball in recent years, and a big part of their success can be attributed to their savvy financial strategies. One key way the Dodgers benefit financially is through salary deferrals and signing bonuses.
Salary deferrals allow the Dodgers to spread out payments to players over a longer period of time, which can help them manage their payroll more effectively. By deferring a portion of a player’s salary, the team can free up more money in the short term to sign other players or make other investments in the team. This flexibility can be crucial in building a competitive roster year after year.
Signing bonuses are another tool the Dodgers use to their advantage. By offering a large signing bonus upfront, the team can entice top free agents to sign with them, even if their annual salary may be lower than what they could get elsewhere. This can help the Dodgers attract elite talent and build a strong team without breaking the bank.
Overall, the Dodgers’ smart financial strategies, including salary deferrals and signing bonuses, have helped them build a championship-caliber roster while staying within their budget. It’s no wonder they’ve been a perennial contender in the MLB.
Tags:
Los Angeles Dodgers salary deferrals
Dodgers roster building strategies
MLB salary cap loopholes
Dodger’s signing bonuses impact on roster
Dodgers financial flexibility in player contracts
MLB team salary management tactics
Benefits of salary deferrals for MLB teams
Dodgers payroll flexibility
Impact of signing bonuses on Dodger’s roster
How Dodgers use financial strategies to build roster
Nelson Agholor’s life is one of hard work and perseverance. For the Baltimore Ravens wide receiver, he’s a name you associate with last-minute play and sacrifice. Agholor, who has played a big part not only in football but also with his heart since he was picked 20th overall by the Philadelphia Eagles in the 2015 NFL Draft, has become an NFL player to remember. In his nine memorable seasons, he has 389 receptions, 4,858 yards, and 38 touchdowns – figures that speak for themselves, did I mention the championship as well? Agholor’s time as a foundational member of the Eagles’ Super Bowl-winning team of 2017 has been nothing short of inspirational. With a massive net worth, supported by sponsorships with humongous corporations, his journey is more than just gridiron. “It’s just something you want to do to keep yourself accountable. You look at it. You try to get better.”
What is Nelson Agholor’s net worth?
Nelson Agholor’s fortune as of 2024 has reached an incredible $49.1 million – and his wealth isn’t just his talent in the court but his smart financial planning as well. Agholor’s money started coming in with a rookie contract for $9.4 million plus a $5.1 million signing bonus. His breakout year came in 2017, when he helped the Eagles to a Super Bowl title proving he’s a stud performer.
ADVERTISEMENT
Article continues below this ad
This all leads to his years with the New England Patriots, where Agholor was raking in $11 million a year — a storied salary for a player who can be kept relevant in a playoff environment. Outside of deals, his work with Adidas fueled his off-field income and he is now known for his presence in sports marketing. “Success is about making plays and making smart moves off the field.” as he put it well.’ Through prudent finances and good investments, Agholor’s net worth trajectory is growing one day at a time.
He attended Berkeley Preparatory School in Tampa, Florida, and became a Super Prep All-American for his collegiate football play. The year he played at USC (University of Southern California) he caught 75 passes for 1,258 yards and 8 touchdowns, showing that he was on to something big. Agholor was taken 20th overall in the first round of the 2015 NFL Draft by the Philadelphia Eagles, and he quickly rose to the top.
It was a rollercoaster first season. Amid storms, Agholor had a promise to keep. He’s grown up as a proven, steady starter for the Eagles through the years. Agholor is also a versatile, speedy, and athletic player who could be used in both the passing game and punt returner role and would be even better for the Ravens.
What is Nelson Agholor’s Salary?
Nelson Agholor will get paid $3.75 million from the Baltimore Ravens this year for the 2024 season which includes a $1.21 million base salary and a $2.54 million signing bonus. It’s certainly not as much as the mega-deals of the top receivers, but it speaks to his longevity as a veteran.
Agholor’s salary has risen slowly but steadily over the years. He began with a $435,000 salary as a rookie, and he’s been king in his Patriots days, turning in $11.8 million in 2021 alone. Even with a lesser cap hit in Baltimore, Agholor still has value on and off the field, as he has experience and can make big plays. As he puts it, “It’s not just about the money; it’s about the impact.”
Whether it’s the big play he made in Super Bowl LII, helping lead the Philadelphia Eagles to their first Super Bowl appearance, or his 58-yard touchdown reception in the 2017 opener, Agholor has proven he’s got power when it matters. He also stepped up with an ability trick play in 2018, tossing a 15-yarder to quarterback Nick Foles. Agholor reaffirmed his status as a big-play threat with a spectacular 85-yard catch against the Las Vegas Raiders in 2020. In 2021, he had a scene-stealing catch on rookie Mac Jones for a touchdown, then passed the ball back to Jones in a passing of the torch ritual. These are Agholor’s plays, and he has left a mark on his teams and on many of his fans.
And he’s been the effect, from locker room to headline Not only is he a key part of the game with 14 receptions for 231 yards and 2 touchdowns in the 2024 season, but he’s also an established member of the locker room. Agholor’s playmaking (and offseason) leadership kept the Ravens’ wide receiver group in business. He’s shown again and again, racking up memorable touchdowns against teams such as the Cincinnati Bengals, and in the playoffs making him a consistent destination target for Lamar Jackson reels.
How long is Nelson Agholor’s contract?
ADVERTISEMENT
Article continues below this ad
Nelson Agholor’s current contract with the Baltimore Ravens is one year long with $3.75 million, fully guaranteed. This deal focuses on him as a veteran backup but leaves the Raven’s roster open. To Agholor, another chance to show what he’s got in a league that likes consistency. He has a contract record as a story of sturdiness. From his rookie deal with the Eagles to the Raiders’ sub-$1.05 million-dollar deal that gave him a chance to turn around his career in 2020, Agholor has always bounced back. And he did enough good with the Raiders that he signed a 22-million-dollar deal with the Patriots for a 2020 season that was just one game too long.
He has been retained for another year by the Ravens as a mentor to young players such as Zay Flowers and Rashod Bateman, but he is also an underdog on the field.“Every season is a chance to leave your mark,” Agholor says, and his career shows that.
ADVERTISEMENT
Article continues below this ad
Nelson Agholor’s NFL story is more than a statistics narrative, it’s a heart and hustle story and high-pressure performance. His net worth of $49.1 million and career earnings to match, Agholor’s financial and professional success is an emulation of his work ethic and plan. From his Super Bowl victory for the Eagles to his current role for the Ravens, Agholor has never been down. His journey moves not just athletes but anyone who aspires to make a difference. While he continues to cement his name in the history books, we know one thing for sure: Nelson Agholor is a name that’s going nowhere — on and off the field.
Nelson Agholor is a talented wide receiver in the NFL who currently plays for the New England Patriots. His salary, net worth, contract details, endorsements, and more have been the subject of much speculation among fans and sports enthusiasts.
As of 2021, Nelson Agholor’s salary is reported to be around $4 million per year. This figure may vary depending on performance incentives and bonuses included in his contract. Agholor signed a two-year, $22 million contract with the Patriots in 2021, which includes a signing bonus of $9 million.
In terms of his net worth, Agholor is estimated to be worth around $10 million. This figure takes into account his earnings from his NFL contracts, endorsements, and other sources of income.
Agholor has also secured several endorsement deals throughout his career, including partnerships with companies such as Nike, Pepsi, and Beats by Dre. These endorsements have helped to boost his income and increase his overall net worth.
Overall, Nelson Agholor has proven himself to be a valuable asset in the NFL, both on and off the field. With a lucrative contract, endorsements, and a solid net worth, Agholor is set to continue making a name for himself in the league for years to come.
Tags:
Nelson Agholor salary, Nelson Agholor net worth, Nelson Agholor contract, Nelson Agholor endorsements, NFL star salary, NFL star net worth, NFL star endorsements, Nelson Agholor earnings
You must be logged in to post a comment.