The formal contract, signed by Belichick on Wednesday and approved by the school, outlines a slew of bonuses and perks for the 72-year-old first-time college coach.

Belichick’s base salary is $1 million annually, paid monthly. On top of that, he’ll rake in a supplemental income of $9 million each year for promotional and media duties. These include appearances at events sponsored by UNC’s advertisers and donors, press conferences, and other special engagements.