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Fedora will still walk away with a handsome buyout, per Brett McMurray of Stadium:
Brett McMurphy @Brett_McMurphy
Larry Fedora will receive $3 million per year buyout from North Carolina for each of the next four years
Athletic director Bubba Cunningham released a statement on the firing, per Andrew Carter of the News & Observer:
Andrew Carter @_andrewcarter
UNC makes it official, firing Larry Fedora after seven years. Fedora will be owed a buyout of $12 million. Statement from athletic director Bubba Cunningham: https://t.co/Iz1vIFPr8Y
Fedora, 56, took over as the program’s head coach in 2012 at a tumultuous time, when the school was given three years probation and a bowl ban for the 2012 season in the wake of a number of NCAA violations. Nonetheless, he led the team to four winning seasons in his first five years and took North Carolina to four straight bowl games between 2013-16.
But in the last two seasons, North Carolina went a combined 5-18, falling to the cellar of the ACC and putting Fedora firmly on the hot seat. Given the team’s swift descent, his firing felt somewhat inevitable.
In all, he finished 45-43 for the Tar Heels.
The team also fired defensive coordinator John Papuchis and offensive coordinator Chris Kapilovic, according to Adam Rittenberg of ESPN.com. The team’s search for a new head coach will now commence.