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YES
I see it as negotiable.
What has happened in the past? Some schools have tried to stiff the coach on some grounds. Can you imagine - for instance Baylor for Dave Bliss or Art Briles or Iowa State with Larry Eustachy on the morals front then Lane Kiffin at Tennessee or something. Employment law - as I watch a friend who is in 3 lawsuits from his 8 year period of being CEO in various companies - is tricky. You still have to bang away through years sometimes.
I think Kansas was paying three different head coaches recently. It's not like Benedict has to write a $5 million check or even a $3.5 millon. If the school doesn't do this, then it's because they simply don't want to.