Bill Belichick Rumors: Contract, NIL Money Believed to Be Biggest Hurdles for UNC

On Monday, Bill Belichick confirmed during an appearance on ESPN's The Pat McAfee Show that he has had a "couple of good conversations" with North Carolina chancellor Lee Roberts amid reports that he has interviewed for the school's head coaching vacancy.
But obstacles between the sides remain.
According to Jonathan Jones of CBS Sports, "Sources believe some of the biggest hurdles facing a UNC-Belichick union are salary and NIL money commitments. Can Carolina make a respectable salary offer to the coach while also locking in the millions needed to compete at the requisite level?"
The former New England Patriots head coach did not comment specifically about any reports of interviewing with North Carolina, but he did offer a preview of how he would approach running a college team.
"If I was in a college program, the college program would be a pipeline to the NFL for the players that had the ability to play in the NFL," he told McAfee. "It would be a professional program—training, nutrition, scheme, coaching and techniques that would transfer to the NFL."
Belichick, 72, most prominently spent 24 seasons as the head coach of the Patriots, leading the team to seven Super Bowl titles alongside quarterback Tom Brady. But his coaching career also included stops with the Cleveland Browns as the head coach between 1991-95 and stints with the New York Giants as an assistant and defensive coordinator (1979-90) and New York Jets as the defensive coordinator (1997-99), among other stops.
In total, he's gone 302-165 as an NFL head coach. His entire coaching career to this point, however, has come at the professional level. The college game would be a brand new beast for Belichick, and at a time when the transfer portal and NIL deals have changed the landscape of recruiting and program-building.
There's no doubt that Belichick would offer a level of name recognition and pedigree for North Carolina that would aid the recruiting process. He also would likely delegate much of the school's recruiting duties to his staff. But going from athletes at the top of their profession to younger, developing kids would undoubtedly be an adjustment for a coach like Belichick, who was famous for running a machine-like operation with the Patriots.
There is also the question of whether Belichick would prefer to wait out the NFL season and see what organizations end up with coaching vacancies. Last year, he only interviewed with the Atlanta Falcons, but more interview opportunities should arise after the conclusion of the regular season. That, in turn, could leave the Tar Heels in a holding pattern in their own coaching search, though waiting out Belichick might be a gamble worth taking for a program with the resources to compete at the top level but a consistent failure to do so.