Nope, you are wrong with that thinking. That is why we pay big buyouts since Coach Callahan, buddy.
So, if USC and UCLA can join the Big Ten Conference (unimaginable!!) and OU and Texas can join the SEC (unimaginable!!) ...and college football players can get paid quite handsomely (unimaginable!!).... then you can most certainly do w h a t e v e r you want to do as a University AD, including a one year deal. If they say no thank you, then buh-bye and best of luck finding a WR job.
I am being honest, 4-5 wins the rest of the year could be a handshake for a one year deal between both parties (UNL/AD and HC).