There are lots of legal reasons to have a contract, mainly so that you can get rid of a guy when you want to. Your Saban example is classic, only earlier in the process. The morons at Bama decided to give Shula the hook after only 3 years and 3 bowl games. The school gave him an extension to 2010 last year, and they didn't exactly honor that.
The street runs both ways.
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