Skip to content

New Mexico, former coach Steve Alford settle buyout dispute

May 17, 2013, 6:48 PM EDT

In the immediate aftermath of Steve Alford’s decision to leave New Mexico to take over as head coach at UCLA, many wondered how much would he have to pay UNM in order to get out of his contract.

While Alford and his representation argued that the coach, who led the Lobos to four Mountain West regular season titles and three NCAA tournament appearances, owed the school just $200,000 UNM stated that he owed $1 million.

Friday the two parties came to a resolution, as the school announced that the end result is a “net benefit of approximately $625,000″ according to Geoff Grammer of the Albuquerque Journal.

“On Friday afternoon, the University of New Mexico issued a news release stating that they had reached a buyout agreement with their former Men’s Basketball Coach, Steve Alford, who last month accepted the head coaching job at UCLA,” read an emailed statement UCLA sent the Journal on Friday afternoon. “The UNM news release does require some clarification. While there has not been a signed agreement, New Mexico has agreed to accept $300,000 of their original $1 million demand. A larger figure included in UNM’s release appears to include certain bonuses which Coach Alford previously agreed to forego when he decided to terminate his contract there and accept the offer from UCLA.”

Alford agreed to take the UCLA job on March 30, one day before the $1 million buyout as stipulated in the contract extension Alford signed earlier in the month would go into effect. That was the basis for Alford’s argument that he only had to pay the buyout in his prior contract.

However, according to Grammer’s report, UNM argued that because Alford did not give 30 days notice required in both contracts (the new contract was slated to go into effect on April 1) “he was still employed by the university through April 29 and the new contract was in effect.”

In the end the best thing to do was to solve the dispute without going to court, as it allows both sides to move forward. With an agreement now in place, Alford can continue to build his program at UCLA and New Mexico can proceed with the Craig Neal era.

Raphielle can be followed on Twitter at @raphiellej.

Latest Posts
  1. Air Force loses freshman forward Garrett Thibodeaux to UTSA

    Jul 5, 2015, 10:03 PM EDT

    Dave Pilipovich Dave Pilipovich

    Thibodeaux’s decision came eight days after he began basic training.

  2. Alabama self-reported 13 minor violations last academic year, including one for men’s basketball

    Jul 5, 2015, 8:05 PM EDT

    University of Alabama University of Alabama

    All of the violations were deemed to be Level III or Level IV violations, which isn’t a big deal at all.

  3. How the non-US college players fared in the FIBA U19 World Championships

    Jul 5, 2015, 5:00 PM EDT

    2014 NBA Players Association Top 100 Camp Getty Images

    Plenty of college basketball players were in the FIBA U19 World Championships besides the Americans.

  4. USA U19 team wins in overtime of gold-medal game over Croatia at FIBA World Championships

    Jul 5, 2015, 3:37 PM EDT

    Nike Elite Youth Basketball League Getty Images

    The USA U19 team captured back-to-back FIBA World Championships for the first time since 1983.

  5. Mississippi State lands transfer wing

    Jul 5, 2015, 2:20 PM EDT

    AP AP

    Mississippi State landed a commitment on Sunday from a transfer.

  6. Kansas/USA defeats Brazil at World University Games

    Jul 5, 2015, 10:30 AM EDT

    Getty Images Getty Images

    Kansas (USA) is 2-0 so far at the World University Games.

  7. Mixtape of Class of 2016 five-star guard Markelle Fultz (VIDEO)

    Jul 5, 2015, 9:20 AM EDT

    markelle fultz

    Markelle Fultz is one the best guard prospects in the country.

  8. Louisville’s Mangok Mathiang posts double-double in World University Games opener

    Jul 4, 2015, 7:45 PM EDT

    Mangok Mathiang Mangok Mathiang

    Mathiang’s playing on an Australian team that includes the likes of Peter Hooley and Hugh Greenwood.

  9. Former South Carolina power forward Demetrius Henry transferring to La Salle

    Jul 4, 2015, 5:00 PM EDT

    (AP) AP

    The 6-foot-9 Henry averaged 6.0 points and 3.6 rebounds per game last season.

  10. United States advances to FIBA U19 World Championships gold medal game

    Jul 4, 2015, 3:59 PM EDT

    Jalen Brunson AP

    Jalen Brunson led the way with 30 points for the United States, which plays Croatia Sunday.

  11. Mixtape of five-star wing Miles Bridges (VIDEO)

    Jul 4, 2015, 3:00 PM EDT

    bridges

    Miles Bridges is one of the better scorers in the 2016 class.

  12. POSTERIZED: Jayson Tatum throws one down on Greek defender

    Jul 4, 2015, 2:15 PM EDT

    Nike Elite Youth Basketball League Getty Images

    The US is taking on the hosts in the semifinals, with the winner getting Croatia on Sunday.

  13. Players from Kentucky, Oregon, Gonzaga and Dayton trying out for Canadian national team

    Jul 4, 2015, 1:00 PM EDT

    Kyle Wiltjer (Getty Images) Getty Images

    Four players from 2015 NCAA tournament programs are trying out for the Canadian national team.

  14. Kansas opens World University Games with a win over Turkey

    Jul 4, 2015, 11:00 AM EDT

    Getty Images Getty Images

    Kansas won its debut overseas this summer as Wayne Selden had a big outing.

  15. Four-star Class of 2016 guard commits to UConn

    Jul 4, 2015, 9:05 AM EDT

    (Nike) (Nike)

    UConn landed a quality guard in the Class of 2016.

  16. Report: Oregon point guard Ahmaad Rorie will transfer to Montana

    Jul 4, 2015, 8:00 AM EDT

    Ahmaad Rorie, Brandon Chauca AP

    Given Oregon’s many perimeter options, minutes were likely to be at a premium for Rorie in 2015-16.

  17. Louisiana Tech reduces transfer restrictions for Xavian Stapleton

    Jul 3, 2015, 7:30 PM EDT

    AP AP

    The rising sophomore was originally being blocked from transferring to 55 schools.

  18. Ohio State lands center Kaleb Wesson, first commit in 2017

    Jul 3, 2015, 6:08 PM EDT

    Thad Matta AP

    Ohio State begins its 2017 class with a local product.