Four of us in our OD, started before 2nd patch:
Me (OC):
W. Michigan -> SD St -> Ole Miss -> Michigan -> Ball St (HC)
Guy 1 (OC):
Ball St -> Kansas -> Baylor (HC)
Guy 2 (DC):
Army -> Oregon St -> TCU (HC)
Guy 3 (DC):
Temple -> Texas -> Florida St (HC)
So the contracts seem to work just fine. For us, anyway.
(BTW, I turned down other jobs to turn Ball State into a dynasty.
)