Hubert Davis contract details: North Carolina basketball coach extended through 2029-30 season
Correction: The schedule of pay for Hubert Davis' base salary was misstated in the story.
Hubert Davis doesn't appear to be leaving Chapel Hill anytime soon.
The fourth-year North Carolina men's basketball coach has signed a contract extension through the 2029-30 season with the Tar Heels.
Tuesday's news of the deal comes at an interesting time in the college basketball season, as North Carolina is danger of missing the NCAA Tournament for the second time in three seasons under Davis.
Another oddity to the timing is that Davis and North Carolina athletic director Bubba Cunningham signed the contract extension on Dec. 4 — the same day that the Tar Heels lost to then-No. 10 Alabama in the ACC/SEC challenge — according to the contract that was posted on the school's website and obtained by Paste BN Sports.
In his four seasons at North Carolina, Davis has led the Tar Heels to a 96-42 overall record and 54-23 record in ACC play. The Tar Heels have reached the Sweet 16 twice in his tenure. In Davis' first season after taking over for Roy Williams, North Carolina defeated Duke in the Final Four and then lost to Kansas in the national title game.
At 18-11 overall this season, North Carolina is in sixth place in the ACC standings at 11-6. Next up for the Tar Heels, who beat Florida State on Monday, is a Saturday home game against Miami.
Here's what you need to know about Davis' contract extension details:
Hubert Davis contract extension details
According to the contract, Davis' extension added two years on to his previous contract, which was set to run through the 2027-28 season.
He will earn a base salary of $1.25 million each year through the end of the 2029-30 season. His supplementary compensation is $1.7 million this season and increases by $100,000 in each year of his contract.
Here's a breakdown of Davis' bonuses in his contract:
- A $50,000 bonus for winning the ACC regular season conference championship either outright or co-share
- A $50,000 bonus for winning the ACC Tournament
- A $100,000 bonus for leading North Carolina to the NCAA Tournament
- A $100,000 bonus for advancing to the Round of 32 in the NCAA Tournament, which shoots up to $150,000 for advancing to the Sweet 16 and $200,000 for advancing to the Elite Eight
- A $200,000 bonus for advancing to the Final Four of the NCAA Tournament
- A $250,000 bonus if North Carolina wins the national championship
- A $50,000 bonus for winning the Naismith National Coach of the Year award or for being recognized as the National Coach of the Year by one or more following: the Associated Press, the U.S. Basketball Writers Association, the National Association of Basketball Coaches or The Sporting News
- A $50,000 expense allowance
USA Today's Steve Berkowitz contributed to this report