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Bill Belichick Reportedly Never Signed a Contract with UNC
by Larry Leo
January 17, 20257 Comments
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According to reports, new head coach Bill Belichick and North Carolina don't have a contract. Sounds like a nice loop hole to jump out of when the right NFL gig comes calling...quote:(Barstool Sports)
Presently, there is not a fully executed and signed contract between Belichick and UNC, sources told CBS Sports -- and the school confirmed -- this week. Industry sources say that could create to a legal gray area about how much, if any, of a buyout would exist if Belichick left for the pros.
Belichick signed a term sheet proposal with UNC on Dec. 11. That laid out the basic and somewhat typical terms for a high-level college football coach. A gap of multiple months between the signing of a term sheet and a final contract being executed is common in the college ranks, industry sources said.
A day later, at his introductory press conference, Belichick was asked about fears people may have of him leaving UNC for the NFL.
"I didn't come here to leave," Belichick said to applause from the North Carolina faithful in attendance.
The term sheet Belichick signed is known officially as a Proposal of Contract Terms and Conditions. It begins with a two-sentence paragraph that, as one NFL source with a legal background put, is "consequential" to the question of what will or won't be legally enforceable.
"The University proposes to enter into an Employment Agreement with Bill Belichick to serve as the Head Football Coach. It is understood and agreed that this proposal of terms and conditions shall not constitute a binding agreement, and the parties intend to negotiate expeditiously and in good faith to finalize these terms and conditions into a long-form agreement."
Belichick and Nate Knuffman, UNC's vice chancellor for finance and operations, signed the term sheet; however, that four-page document declares it does not constitute a binding agreement. A UNC spokesperson confirmed Wednesday the term sheet is the only signed document between Belichick and the school.
Filed Under: NCAA Football
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