This is an article from last year:
In an email on April 9, Banghart asked UNC Athletic Director Bubba Cunningham for more money for this year.
“Can I get more for this year? Used raised money until April 7 - then got $250 (sic) total to spend in portal,” Banghart wrote. “3 spots. Not enough. portal is $500K $600K.”
The funds Banghart was asking Cunningham for are seemingly from the Old Well Management, a
consolidation of two former UNC-affiliated NIL collectives that is now led by Kevin Rice.
“This would allow us to save our donor funds in our bench seat for when we need them AFTER the settlement is signed,” Banghart wrote. “We’d like a ‘no strings attached’ agreement to use … for any transfers we sign between now and the official house settlement signing.”
It’s unclear if that money faucet was turned on for the women’s basketball team, as no reply from Cunningham to this email was included in the batch of documents SB Nation received from UNC’s public records office. However, the Tar Heels did
land two notable transfers during the offseason, adding Louisville starting forward Nyla Harris and UCLA guard Elina Aarnisalo.
Still, even if Banghart was granted $600,000 in NIL funds to boost her roster, one longtime Power 4 assistant coach characterized that spending budget to SB Nation as being in the “lower tier.” An agent in the sport was a bit more optimistic about the number, saying it was “middle of the pack” in the Power 4.
Banghart ended the email with this: “REV SHARE next year. Need 1.5 million.”
Documents obtained by SB Nation show what UNC’s women’s basketball coach Courtney Banghart is asking for after the House Settlement passes. It’s a fraction of what the football and men’s basketball teams will get.
www.sbnation.com
If you want to be a Top 5 program-- you have to have donor and university support to get there and SUSTAIN it.