Williams released a statement after the news, saying "I'm grateful and humbled in the University's continued faith in my leadership of the basketball program." The head coach, who formerly coached the Kansas Jayhawks, has been with the Tar Heels since the 2003 season, which is his second stint with the program. He worked as an assistant coach with the Heels from 1978-1988.
He has taken home the AP Coach of the Year award home once, which came in 2006, while taking home the ACC Coach of the Year home twice. Of his 848 career wins, 560 of them have come with the blue and white. With this new contract, his annual salary will increase from $2.1 million per year to $3 million by the final season. If you add the contract from his deal with Nike, Williams could be making up to $4 million by the 2027-2028 campaign.