Why exactly do coaches even have contracts? Fran went to TCU before fulfilling the length of his contract in New Mexico. Then he left TCU before fulfilling his TCU deal. And I read that he had a contract through 2006 or so, but now he's off to College Station.
If a coach gets fired, he receives either the salary called for in the remaining years of his deal, or some mutually agreed-upon financial settlement. Does anyone really think Fran is going to cut a check to the Bama athletic department on his way out of town? Of course not. It seems to me that coaches don't even need contracts. They can just shake hands on an agreed-upon salary, with a little nudge and a wink, and assure their employers that they'll coach and recruit as hard as they can - until a better offer comes along. Fran is the leader of the college coaching mercenaries.