Saturday, May 9, 2026

North Carolina Fires Hubert Davis, Will Pay $5.3 Million Buyout

The Tar Heels said late Tuesday night that they will honor the terms of Davis’s deal.

Bob Donnan-Imagn Images

North Carolina needs a new basketball coach. 

The Tar Heels fired Hubert Davis on Tuesday night after five seasons and consecutive exits in the first round of the NCAA tournament. Davis played at UNC from 1988 to 1992 and was an assistant for nine seasons before taking over for longtime coach Roy Williams 2021. 

We appreciate all that Hubert has done for Carolina as a player, assistant coach, head coach and community leader – he has helped make special memories we will never forget,” UNC athletic director Bubba Cunningham said in a statement. “This was not an easy decision because of Hubert’s tremendous character and all he has given to the program, but we must move forward in a way that allows our team to compete more consistently at an elite level.”

By firing Davis, UNC owes him $5.31 million since it happened before April 1, according to the terms of his contract. The figure comes from his remaining base salary of $1.25 million plus $1.8 million in supplemental compensation, which will increase by $100,000 annually for the remainder of the deal. Davis also received $50,000 per year in university-provided expense money, and made $200,000 from Nike and $500,000 from Learfield Sports. 

His total pay for the 2026 contract year is $3,850,000. The compensation will increase by $100,000 in each of the remaining four years. North Carolina said in the release announcing Davis’s departure that it will honor the terms of his contract. 

UNC went 24–9 this season and was consistently ranked in the top-25. The team was led by Caleb Wilson, a projected lottery pick who was lost for the season on March 6 with a thumb injury. The Tar Heels entered the NCAA tournament without him as a No. 6 seed and were upset by No. 11 seed VCU  in overtime after blowing a 19-point lead. 

Cunningham announced in July 2025 that he would step down from his position this summer with longtime racing executive Steve Newmark succeeding him on July 1. Newmark joined the department with the title of executive associate athletic director last summer to help the transition. 

It’s another high-profile coaching search for North Carolina, which hired Bill Belichick as its head football coach after an unusual process in late December of 2024.

Davis had an inconsistent tenure in Chapel Hill. In his first season, the Tar Heels went 29–2 and advanced all the way to the 2022 national championship game, where they lost a nail-biter to Kansas. UNC went into the following season as the No. 1 team in the preseason polls, but finished 20–13 and missed the NCAA tournament. North Carolina entered the 2024 tournament as a No. 1 seed, but was eliminated in the Sweet 16. The program hasn’t won a tournament game since. 

Davis initially signed a five-year contract with the school in 2021 worth $9.75 million. That contract was amended a year later after his strong debut season and extended him through 2028. Despite his struggles, UNC gave him another extension a year ago that pushed his deal through 2030. 

The release said nothing on the status of GM Jim Tanner, a former NBA agent who joined the program a year ago.

North Carolina becomes the most attractive job open on the coaching carousel. The program has won six national championships and has alumni such as Michael Jordan, Carter, and James Worthy. The Tar Heels could chase sitting coaches who have won national championships such as Florida’s Todd Golden or another alum such as Jerry Stackhouse, who is currently an assistant coach with the Warriors. 

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Featured Today

Matt Palumb

Pro Lacrosse’s Top Ref Is As Famous As the Players

The last celebrity referee is in the Premier Lacrosse League.
May 2, 2026; Atlanta, Georgia, USA; Atlanta United midfielder Saba Lobjanidze (11) reacts to his goal against the CF Montréal in the first half at Mercedes-Benz Stadium. Mandatory Credit
May 7, 2026

How Atlanta Unexpectedly Became the Epicenter of U.S. Soccer

U.S. Soccer is opening a new national HQ in Georgia.
Tottenham Hotspur
May 6, 2026

Tottenham Hotspur Is Facing a Billion-Dollar Disaster

A seemingly improbable drop to England’s second tier is a tangible possibility.
Cricket - Indian Premier League - IPL - Final - Royal Challengers Bengaluru v Punjab Kings - Narendra Modi Stadium, Ahmedabad, India - June 4, 2025 Royal Challengers Bengaluru's Rajat Patidar lifts the trophy as he celebrates with teammates after winning the Indian Premier League
May 5, 2026

How Private Equity Fell in Love With Indian Cricket

India’s U.S.-style cricket league has become a private-equity playground.

Ex-Ohio University Football Coach Sues School Over Firing

Smith admitted to having a romantic relationship with an undergraduate.
Apr 6, 2026; Indianapolis, IN, USA; Michigan Wolverines guard Roddy Gayle Jr. (11) goes up for a rebound against Connecticut Huskies guard Braylon Mullins (24) and Connecticut Huskies forward Tarris Reed Jr. (5) in the first half during the national championship of the Final Four of the men's 2026 NCAA Tournament at Lucas Oil Stadium.
May 7, 2026

Expanded Basketball Tournaments Will Yield NCAA $50M a Year

The deal guarantees the NCAA will be able to cover additional operating expenses.
exclusive
May 8, 2026

What Illinois’s $20M Jumbotron Says About the Future of CFB Stadiums

Illinois installed the largest video display in college football in January.
Sponsored

What Is It Like to Run the Knicks?

Dave Checketts on his time running the Knicks & Jazz, Jordan war stories, and his investment strategy across major sports leagues.
May 7, 2026

Tournament Darling LIU Had 1,000 Ineligible Athletes, NCAA Says

LIU merged its Brooklyn and Long Island campuses in 2019. 
May 7, 2026

Most Big 12 Schools Turning Down $30M RedBird Credit Line

11 schools say they’re declining the money. They have a one-year window.
May 6, 2026

Kentucky Signs Former Top 10 WNBA Draft Pick

NBA draft pick James Nnaji also returned to college.
May 6, 2026

Will Wade Could Follow the Illinois Blueprint at LSU

LSU re-hired Wade in March after firing him in 2022.