Bill Belichick and school officials have signed his official employment contract, formalizing the hiring after speculation that the six-time Super Bowl-winning head coach might opt instead for a return to the NFL.

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.

Here's everything to know about Bill Belichick's contract with North Carolina, including updated salary figures and how he compared to the highest-paid coaches in college football.

Among the challenges of rebuilding North Carolina's roster, Belichick faces arguably the tallest task of adjusting to the recruiting trail rather than relying on the NFL draft. In an appearance on "The Pat McAfee Show" on Friday, Belichick was asked about his recruiting pitch to recruits as he pieces together his first class with the Tar Heels.

The University of North Carolina has released Bill Belichick's head coaching salary and additional details of the contract. UNC publicly shared the legal agreement on Thursday, January 23, after Belichick,

Belichick, 72, was hired as Hall of Fame coach Mack Brown's replacement after the Tar Heels finished the season at 6-7 with a bowl loss to UConn. Brown, the winningest coach in program history, led UNC to six straight bowl appearances in six seasons.