UNC Athletic Director Bubba Cunningham has a new annual salary of $740,440, reflecting a 4.9 percent pay bump, according to a contract that was publicly released this week. The contract was approved by the UNC-Chapel Hill Board of Trustees on Nov. 1. In addition to the salary, Cunningham will receive $200,000 a year in deferred compensation payments for the next five years, a provision that was approved in early November by the UNC system’s Board of Governors. It was the first time an employee other than UNC chancellors or the president received that type of compensation, which is a tax-advantaged retirement contribution. – Jane Stancill, Newsobserver. Read More.