North Carolina head coach Hubert Davis earned a brand new six-year contract and a significant raise after his first-year, unexpected run to the NCAA championship game.
Inked in late August, the deal is good through the 2027-28 season and is worth approximately $16.7 million. That includes base and supplemental pay, as well as compensation tied to the university’s multimedia and sports-apparel agreements with Learfield and Nike, respectively, and a yearly expense allowance.
The contract will award Davis an average salary of nearly $2.8 million per year, beginning with $2.3 million for the 2022-23 campaign and growing to $3.1 million for the final year. Performance incentives could add an additional $1.1 million per season.
Davis received a five-year contract after succeeding retiring Hall of Fame coach Roy Williams in April of last year. The contract was valued at about $10 million in base salary, supplemental pay, Learfield/Nike compensation and the expense allowance. It also featured a similar performance-bonus structure.
Davis took home $1.8 million last year before picking up another $575,000 in bonuses for the Final Four run. Before the new contract, he was originally scheduled to make at least $2.9 million in 2025-26.
Davis, 52-years-old, played from 1988-92 for the Tar Heels under the late Hall of Famer Dean Smith and was an assistant coach under Williams for nine seasons, 2012-21.
“I love this job,” Davis said during the Atlantic Coast Conference preseason media day earlier this month. “I’ve always wanted to be a part of this program. And to say that I’ve been able to be a part of it as a player, as an assistant coach and now as a head coach is a really cool deal.”
This year’s Tar Heels return 80% of their starting lineup and ranked No. 1 in the preseason AP Top 25.
