&lt;img src=&#039;http://assets.bizjournals.com/triangle/news/7032971*100.jpg?v=1&#039;&gt;The University of North Carolina at Chapel Hill announced Lawrence R. &ldquo;Bubba&rdquo; Cunningham as the new athletics director after the board of trustees approved the hire Friday.

Cunningham, 49, signed a six-year contract that will pay him an annual salary of $525,000 and provide an expense account of $40,000 per year. In addition, he will receive a $43,750 bonus every time the football team plays in a bowl game and every time the men&rsquo;s or women&rsquo;s basketball teams participate in the NCAA tournament...&lt;div class=&quot;feedflare&quot;&gt;
&lt;a href=&quot;http://feeds.bizjournals.com/~ff/bizj_triangle?a=w4M82tNVEzM:8GROIIwWWfc:yIl2AUoC8zA&quot;&gt;&lt;img src=&quot;http://feeds.feedburner.com/~ff/bizj_triangle?d=yIl2AUoC8zA&quot; border=&quot;0&quot;&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href=&quot;http://feeds.bizjournals.com/~ff/bizj_triangle?a=w4M82tNVEzM:8GROIIwWWfc:V_sGLiPBpWU&quot;&gt;&lt;img src=&quot;http://feeds.feedburner.com/~ff/bizj_triangle?i=w4M82tNVEzM:8GROIIwWWfc:V_sGLiPBpWU&quot; border=&quot;0&quot;&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href=&quot;http://feeds.bizjournals.com/~ff/bizj_triangle?a=w4M82tNVEzM:8GROIIwWWfc:F7zBnMyn0Lo&quot;&gt;&lt;img src=&quot;http://feeds.feedburner.com/~ff/bizj_triangle?i=w4M82tNVEzM:8GROIIwWWfc:F7zBnMyn0Lo&quot; border=&quot;0&quot;&gt;&lt;/img&gt;&lt;/a&gt; &lt;a href=&quot;http://feeds.bizjournals.com/~ff/bizj_triangle?a=w4M82tNVEzM:8GROIIwWWfc:qj6IDK7rITs&quot;&gt;&lt;img src=&quot;http://feeds.feedburner.com/~ff/bizj_triangle?d=qj6IDK7rITs&quot; border=&quot;0&quot;&gt;&lt;/img&gt;&lt;/a&gt;
&lt;/div&gt;