With a narrow 20-14 win against rival Duke on Saturday, new head coach Butch Davis finished his inaugural season in Chapel Hill with a 4-8 record – highlighted with six losses by a touchdown or less.
Although the saying goes that close counts only in horseshoes and hand grenades, it apparently counts in dollars for Davis.
The University agreed in principle to a one-year contract extension through 2014 and a $291,000 annual raise for the head football coach Wednesday, pending approval of the UNC Board of Trustees this week.
“Progress has been demonstrated by the hard work of the players on and off the field, the competitive games Carolina has played against one of the nation’s most difficult schedules, the excitement each week at Kenan,” athletic director Dick Baddour said in a press release Wednesday.
Davis signed a seven-year contract with the University last November with a base salary of $286,000 a year. The University also agreed to pay him supplemental income worth $1 million in 2007 to $1.3 million in 2013.
With additional income from Nike and Learfield Communications contracts, Davis’ package averaged $1.86 million a year, and his raise will bump that average up to more than $2 million a season – though still less than head basketball coach Roy Williams, who makes around $2.1 million, plus his contract with Nike, which is not available to the public.
Davis brought in an impressive first recruiting class and, with a youthful squad, kept UNC competitive in most games while drawing sellout crowds to Kenan Stadium. There had been speculation in recent weeks that Davis might be a possibility for the coaching job at the University of Arkansas – where he played college football.
“We wanted to make sure that he recognized that we understood (the impact he has made). . We wanted to make sure that his contract was competitive with coaches of his caliber,” said board Chairman Roger Perry when asked whether the threat of other schools played a part in the raise and extension.
Perry said that the development came about in the last few weeks and that he expects the trustees to pass the contract without much opposition. He also said the amount of money needed to retain a high-profile coach causes concern for the future.