On the heels North CarolinaCoach Hubert Davis has signed a contract that ties him to the program through the 2027-28 season in preparation for the national championship. The extension, signed Aug. 22, also includes significant raises for Davis after his successful first season leading the Tar Heels.

Davis, 52, will make roughly $16.7 million over the course of the deal, including about $2.4 million this season. This includes his base salary of $400,000 per year, plus additional income. North Carolina has an apparel contract with Nike that will pay Davis about $250,000 a year and a media rights deal with Learfield Communications that will pay Davis another $500,000 a year.

He is also eligible for approximately $1.1 million in annual bonuses that are tied to team success, individual coaching awards and continued academic performance. That contract replaces Davis’ original deal worth about $10 million — the one he signed last spring after being promoted to head coach following the retirement of Roy Williams. The deal also includes an annual bonus for Davis.

Davis made about $1.8 million last season, but thanks to the Tar Heels’ success during the NCAA Tournament, he also earned another $575,000 in bonuses.

UNC will begin the 2022-2023 season as the No. 1 team in the nation after returning four starters from last year’s team that lost to Kansas 72-69 in the NCAA Championship Game.

(Photo: Bill Streicher/USA Today)