If the new contract is anything like the old contract, then I need to revise my previous statements. I don't think there is any way Hawkins is gone, regardless of his W/L record this year.
According to the original contract, Paragraph 9(b) if HAWKINS decides to terminate the contract (i.e. Hawkins can BUY HIMSELF OUT) he has to pay CU $500,000 if he terminates the contract during either 2009 or 2010.
According to the Paragraph 12, part (a) of the original contract, if CU terminated Hawkins prior to the expiration of the contract, for any reason other than cause - CU is on the hook for $850k per contract year for each contract year remaining on the contract.
If those terms remain in the new contract then CU would presumably be on the hook for $2.5mil.