Williams’ deal headlined the list of 11 contracts or extensions for Tar Heels head coaches announced Wednesday by athletic director Bubba Cunningham.
He also announced a 10-year extension of the school’s contract with Nike that’s worth more than $10 million annually and a 12-year extension of its media rights deal with Learfield Communications that has an average annual guaranteed value of $12.6 million.
Williams will be nearly 78 years old when his contract expires in 2028. The Hall of Fame coach has led North Carolina to three national championships and is 432-128 in his 16th season at his alma mater.
Williams’ base salary will increase from nearly $542,000 this season to $800,000 in 2027-28, and he will receive supplemental income ranging from $1.7 million this season to $2.15 million in the final year of the deal. The school also announced the terms of his deal with Nike, which pays him $240,000 in the first year and $340,000 in the last year.
“I’m grateful and humbled in the University’s continued faith in my leadership of the basketball program,” Williams said. “When I coached at Kansas my contracts with Nike and our media partner were private, and UNC respected and honored that for 15 years. However, times have changed and understanding the environment that college basketball faces now, Chancellor (Carol) Folt, Bubba and I agreed the correct and proper thing would be to disclose those terms.”
In addition to Williams, other UNC coaches receiving extensions include baseball coach Mike Fox, women’s soccer coach Anson Dorrance and women’s lacrosse coach Jenny Levy. Three coaches signed their first multiyear contracts, each through 2023.