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.

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,

"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.