Although it was reported last month that Belichick's contract was worth $50 million over the next five years, reports have surfaced that Belichick's contract remains unsigned. Last week, there were reports that multiple NFL clubs, including the Las Vegas Raiders, were interested in Belichick.

Belichick famously spurned the New York Jets after he was named Bill Parcells’s successor. His tenure lasted less than 24 hours after he wrote his resignation on a napkin and jumped ship to take over the New England Patriots. This move paid off handsomely.

Bill Belichick has a simple way out of the North Carolina contract as NFL teams reach out about a potential return to coaching.