Correct.
Here is the language straight from his contract:
a. If Coach leaves the University on or before April 30, 2008, Coach will pay the
University Three Million and No/00 Dollars ($3,000,000).
b. If Coach leaves the University on or between May 1,2008, and April 30, 2009,
Coach will pay the University Two Million and No/00 Dollars ($2,000,000).
C. If Coach leaves the University on or between May l, 2009 and either March 21, 2010, or the final game played by the Team that season, whichever occurs later, Coach will pay the University One Million and No/00 Dollars ($1,000,000).
d. If Coach leaves the University on or after May 1, 2010, Coach owes the University no termination fee.