Just to clarify: I went to the NPR website and she has been working without a contract since August. She is currently an "employee at will." The board has had a sit down with her to outline the expectations that she needs to fulfill.
Now, from here is my opinion: Several incidents have occurred under her watch that have caused negative publicity and some consternation on the part of the Regents. Point taken. However, the Regents have gotten pretty goofy on several occasions lately, themselves. Any time Boards get too hands on and into details of the organization, personal board agendas get to be the tail that wags the dog. And, don't underestimate the possibility that some power struggles at the board level have added to the problem. They can be a pretty petty, jealous crowd. And, dream on: This almost certainly has nothing to do with football, KF or Gary Barta. I worked for citizen boads for 25 years and the major requirement is that they are still breathing.