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.

A month after he took the head coach job for the University of North Carolina (UNC) at Chapel Hill, former Patriots coach Bill Belichick is the subject of many rumors that he will quit at UNC before he even coaches his first game.