News Summary

• Steve Newmark signed a five-year deal that runs through Aug. 14, 2030.
• His initial salary is $600,000 before increasing to $1 million when he transitions to athletic director.
• Newmark served as president of Roush Fenway Keselowski Racing for the past 15 years.
• The contract stipulates that if UNC forms an associated entity to manage revenue-generating aspects of the university’s varsity athletic programs, Newmark would be named president of any such entity.