Belichick signed a term sheet proposal with UNC on Dec. 11.

That laid out the basic and somewhat typical terms for a high-level college football coach.

The term sheet Belichick signed is known officially as a Proposal of Contract Terms and Conditions.

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A UNC spokesperson confirmed Wednesday the term sheet is the only signed document between Belichick and the school.

Only Chapel Bill has the juice to pull this off.

He’s operating a multi-million program on little more than a handshake agreement.

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He’s operating on the old world principle that a man’s word is his bond.

It suggests that the best coach who’s ever prowled a sidelines is still a free agent.

This as several coaching vacancies have yet to be filled.

And the enormous shadow of the GOAT is casting a pall over the entire NFL landscape.

And is therefore not worth the paper it isn’t printed on.

Belichick may have zero intention of taking job in the pros.

And without having to answer to anyone.

So after a year removed from the profession that he perfected, he still holds all the cards.

If I was an NFL coach on the hot seat, I’d be terrified by this news.

And buy a shirt: