Football Coach Dick Crum of North Carolina resigned Monday, ending two weeks of speculation over his status.
School officials said that Crum will be paid an initial $400,000 and then $100,000 a year over the four years remaining on his contract.
A statement released jointly by Crum, UNC Chancellor Chris Fordham and UNC Athletic Director John Swofford said Crum was given the option to continue as coach.
"However, Coach Crum and the university have reluctantly determined that it is in Crum's best interest, the best interest of the players that he recruited, and the best interest of the university for him to submit and for the university to accept his resignation effective Jan. 31, 1988," the statement said.
