No, there's a third and very likely possibility.
Manny wins 7 or 8 games, and DOES NOT get fired. Who's gonna fire him.... Blake James? Aside from message board rumors, there is NOTHING to remotely suggest that Manny's seat is even a little bit hot.
The only way he gets fired after next year is if we lose to whatever equivalent to FIU we're playing this year. Or if he completely ***** the bed and misses a bowl.
If we go to ANY bowl game, Manny gets extended, not fired. That's the Miami way.