"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.

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,

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.

Michael Lombardi, who serves as GM of North Carolina football, has responded to a report from CBS Sports' Jonathan Jones revealing that Bill Belichick and the university do not have a fully executed and signed contract.

As speculation about Bill Belichick's NFL return heats up, Michael Lombardi addresses reports of the legendary coach's unsigned contract with North Carolina and his focus on the Tar Heels.