"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.

Despite recently agreeing to become UNC's next head coach, Bill Belichick has not been able to escape rumors that he could still return to the NFL, and a

The North Carolina Tar Heels ' football program made one of the biggest surprise hires of the offseason after signing Bill Belichick to a five-year contract with an annual salary of $10 million. However, most of the guarantees are within the first three years of the deal.

Ever since Bill Belichick agreed to become the next head football coach of the North Carolina Tar Heels, questions regarding whether he would return to the NFL have surrounded him. Many have pointed to his buyout clause with UNC: $10 million if he terminates his employment with the school before June 1,

Bill Belichick has seemed to make it clear that he's not leaving his new home at North Carolina for the NFL. But the buzz about him pulling the same move he made from the New York Jets to the New England Patriots hasn't gone away.

Bill Belichick is apparently working at North Carolina without a signed contract, sparkling speculation about an NFL return, but his GM looks to correct the record.

Belichick stunned the footballing world by taking on the role as head coach at the University of North Carolina late last year, rather than waiting for a return to the NFL.