Following five years away from coaching, the longtime Longhorn coach will return to North Carolina to coach the Tar Heels.
Fedora, who amassed a 45-43 record at UNC, stands to make as much as $12 million in order to satisfy the terms of his contract, a pact that had been set to run until January 2024.
Update (Nov. 26, 8:37 a.m.): It appears Mack Brown will indeed replace Larry Fedora at North Carolina. According to the report, the decision to hire Brown will be announced on Tuesday as the 67-year-old starts putting together a coaching staff. Brown was originally hired at UNC in 1988 and led the Tar Heels to three 10-win seasons and three bowl victories before being hired away by Texas in 1998.
Brown came to UNC after three seasons (11-21) at Tulane and with a 6-5 season as the head coach at Appalachian State on his resume. In both of those seasons, North Carolina finished inside the top 10 of the final AP Poll.
Brown has spent the past five years as a college football analyst for ESPN but in recent years had expressed an interest in returning to the sideline. Following consecutive one-win seasons, Brown began to turn the program around with a 6-4-1 mark.
His 16-season stay at Texas was highlighted by national championships in the 2005 and '09 seasons.
The Austin American-Statesman reported that he would be interested in assembling a staff that would include former Auburn head coach Gene Chizik as his defensive coordinator and recently fired Texas Tech head coach Kliff Kingsbury as his offensive coordinator.