Apr 30, 2013, 10:53 AM EST
When Steve Alford initially left New Mexico to take the UCLA head coaching job, it looked like he had exemplary timing.
Alford had signed an offer sheet for a new, 10-year contract that was to go into effect on April 1st. He resigned on March 30th. His old contract’s buyout was $200,000, according to the Albuquerque Journal. His new contract’s buyout is $1 million.
Smart, right? Get the UCLA job and save yourself $800,000 in the process.
The problem is that New Mexico doesn’t see it that way. The old contract, which Alford has said that he will honor, included a 30-day notice of termination requirement. So according to UNM, Alford’s last day was actually on Monday, which means that the new contract had gone into effect and that he owes to school the full $1 million buyout.
Alford has not made any payments towards the buyout yet.
This isn’t going to be solved until the lawyers get involved.
You can find Rob on twitter @RobDauster.
- New Year’s Resolutions: Kansas Jayhawks 0
- Wichita State’s offensive struggles highlighted by come-from-behind win vs. Alabama 2
- Michigan State’s efficient three-point shooting is key for 2014-15 success 2
- No. 11 Wichita State rallies from 11 down to beat Alabama thanks to Van Vleet (VIDEO) 0
- The Ten Most Important Midseason Additions 0
- Player of the Year Power Rankings: New faces are popping up in our top ten 0
- Tracking The Unbeatens: There are now just nine teams without a loss 3
- Dana Altman says Oregon’s hands up, don’t shoot protest not ‘appropriate time’ (20)
- Georgetown discusses becoming first college basketball team to wear ‘I Can’t Breathe’ T-shirts (PHOTO) (9)
- Gregg Marshall writes to Wichita State students after seeing empty seats in student section (PHOTO) (7)
- Report: David Robinson’s son will be preferred walk-on at Duke in 2015-16 (VIDEO) (5)
- Self says No. 10 Kansas is ‘not good right now’, and that should scare you (4)