The Latest: North Carolina has 5-year deal with Mack Brown

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              FILE - In this Dec. 30, 1995, file photo, North Carolina head coach Mack Brown hoists the trophy in the air as he's surrounded by players Eric Thomas(38) and Marcus Wall (14) after they defeated Arkansas 20-10 in the Carquest Bowl NCAA college football game in Miami. Two people with knowledge of the situation say North Carolina is negotiating with Mack Brown on a deal to return to Chapel Hill as its next football coach. The people spoke to The Associated Press on condition of anonymity Monday, Nov. 26, 2018, because the school hasn’t publicly commented on its coaching search. One of the people says that the deal is being finalized. (AP Photo/Hans Deryk, File)
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CHAPEL HILL, N.C. (AP) — The Latest on North Carolina’s hiring of Mack Brown for a second stint as Tar Heels football coach (all times local):

12:45 p.m.

New North Carolina coach Mack Brown says returning for a second stint with the Tar Heels is the right fit for him.

The school officially announced the move Tuesday morning, saying they had signed him to a five-year deal that pays him $3.5 million annually.

Brown spent 10 seasons at UNC from 1988-97 before leaving for Texas. He left there in 2013 and has been in broadcasting in the years since.

Brown didn’t sound deterred by the challenge of reversing UNC’s two-year downturn, saying during his news conference that “it’s more fun to fix than maintain.”

Brown says he’s “so excited about starting over with young people I don’t know,” though he said he watched plenty of UNC games last season while working at ESPN.

He says he plans to meet with the players after his news conference.

Brown added: “We know this place and we know you can be successful in football here.”

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12:05 p.m.

North Carolina has agreed to a five-year deal with Mack Brown that will pay him $3.5 million annually in his second stint with the Tar Heels.

The school released terms of the deal shortly before its news conference with Brown, athletic director Bubba Cunningham and chancellor Carol Folt.

The deal includes a base salary of $750,000 and supplemental compensation of $2 million a year. There’s an additional $200,000 per year tied to apparel maker Nike and $500,000 annually with Learfield for multimedia obligations.

Brown will also receive $50,000 annually for expenses.