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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:

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.
(Barstool Sports)
Filed Under: NCAA Football
7 Comments
user avatar
SQMIZZOU29 days
He gone!!
user avatar
DVinBR30 days
just looking for an opportunity with an NFL team with a good QB to carry him again
user avatar
EulerRules30 days
Why does one even sign a sheet that is not legally binding? Any contract lawyers out there that can help me?
user avatar
cajunmud30 days
If his GF's a student there...he'll prolly stay.
user avatar
dagrippa1 month
Belichick at North Carolina makes very little sense to anyone
user avatar
JustinT3730 days
Why? With NIL now it is basically a pro league. I thought he got involved at the best time.
user avatar
TrueLefty28 days
Going to one of the worst college football programs. Could have waited for a much better team with better NIL and a roster that is good enough to compete against top teams.
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