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.

Per CBS Sports: “Sources tell CBS Sports — and UNC confirmed this week — that there is no fully-executed and signed contract between Belichick and UNC. And industry sources say that could lead to a legal gray area about how much, if any, of a buyout there would be if Belichick left for the pros.”

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