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.
May 24, 2015, 7:29 PM EDT
Arizona State’s “Curtain of Distraction” made an appearance as well.
May 24, 2015, 4:09 PM EDT
The last two decades were a special time for the Donovan family, who thanked the supporters who helped make it all possible.
Minneapolis EYBL Day 1: Harry Giles continues impressive spring, Dennis Smith and De’Aaron Fox battle
May 24, 2015, 12:45 PM EDT
The final session of the Nike EYBL tipped in Minneapolis on Saturday.
May 24, 2015, 11:30 AM EDT
Pitt added a big man who can play right away next season.
May 24, 2015, 10:15 AM EDT
Two of the best in the 2016 class battle in the Under Armour Association.
May 24, 2015, 9:00 AM EDT
Already thin at the point, the situation becomes even tougher for first-year head coach Chris Mullin if this turns out to be the case.
May 23, 2015, 9:51 PM EDT
A Big 12 and a Big Ten program are among those due who have reached out to the 7-foot-2 Fairfield Prep (Connecticut) product.
May 23, 2015, 7:32 PM EDT
Colorado’s Tad Boyle doesn’t like the proposed shot clock change, and he made a good point about the physical nature of college basketball today.
May 23, 2015, 5:28 PM EDT
Les led the Aggies to a school-record (Division I era) 25 wins and their first Big West regular season title last season.
May 23, 2015, 3:45 PM EDT
Noah Dickerson had previously committed to Georgetown and Florida.
May 23, 2015, 2:00 PM EDT
The former Wolverine could remain in the Big Ten.
May 23, 2015, 12:00 PM EDT
The Wisconsin big man averaged 16.4 points and 7.3 rebounds per game in his last two seasons.
May 23, 2015, 10:30 AM EDT
The sophomore guard missed the final 12 games of the season.
May 23, 2015, 9:18 AM EDT
He is the younger brother of former UCLA Bruin Shabazz Muhammad.
May 22, 2015, 10:30 PM EDT
Nevada landed an impact transfer that could help at guard after next season.
May 22, 2015, 9:15 PM EDT
Arizona will have some intriguing home-and-home games to go along with an in-season tournament.
May 22, 2015, 8:00 PM EDT
Cliff Alexander might have returned for his sophomore season if the NCAA had not been involved.
May 22, 2015, 7:00 PM EDT
Kentucky promoted a familiar face for the open assistant spot.
May 22, 2015, 5:45 PM EDT
Nebraska loses a commitment who could be headed elsewhere soon.
May 22, 2015, 4:27 PM EDT
Fox has led the Bulldogs to two NCAA tournament appearances in his six years as head coach, including last season’s 21-win team.
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- Five-star center Caleb Swanigan has committed to Purdue 8
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- Looking Forward: Catching up on the SEC’s offseason 1
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- Five-star center Caleb Swanigan has committed to Purdue (8)
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- Frank Kaminsky writes a farewell letter to Wisconsin fans (5)
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