May 17, 2013, 6:48 PM EST
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.
Mar 1, 2015, 1:18 AM EST
Will the Zags even stay out west?
Mar 1, 2015, 12:43 AM EST
In a game that saw both teams struggle to find their rhythm, “Zeus” and Gabe York came up big for Arizona.
Bubble Banter: Boise State, St. John’s, Dayton win the day; Texas, N.C. State lose; and Kansas State?
Mar 1, 2015, 12:27 AM EST
All the bubble winners and losers from Saturday’s college hoops action.
Feb 28, 2015, 10:58 PM EST
This came close to being really, really bad.
Feb 28, 2015, 10:25 PM EST
Dwayne Polee II had to sit out Saturday’s loss to Boise State as a result of an abnormal reading generated by his cardiac monitor.
Feb 28, 2015, 7:42 PM EST
With the loss Texas drops to 1-11 in games against teams in the RPI Top 50.
Late Night Snacks: No. 7 Arizona, No. 11 Wichita State and No. 19 Baylor among Saturday’s big winners
Feb 28, 2015, 7:35 PM EST
No. 1 Kentucky moved to 29-0, and No. 6 Villanova came back to win at Xavier.
Feb 28, 2015, 7:03 PM EST
The Cyclones lost at home against Baylor and then lost at Kansas State.
Feb 28, 2015, 7:01 PM EST
Kentucky has now won 46 SEC titles, and this group looks poised to add more hardware to the trophy case before the season concludes.
Feb 28, 2015, 5:13 PM EST
Having just seven scholarship players hasn’t kept the Flyers from playing a major role in the Atlantic 10 race.
Feb 28, 2015, 4:48 PM EST
The Shockers are once again champions of the Valley.
Feb 28, 2015, 3:45 PM EST
Kansas will be without Cliff Alexander against Texas on Saturday.
Feb 28, 2015, 1:55 PM EST
Jake Layman didn’t want to get dunked on.
Feb 28, 2015, 12:21 PM EST
Robbie Berwick is not going to like seeing this highlight.
Feb 28, 2015, 11:15 AM EST
Auburn will be without second-leading scorer Antoine Mason as he deals with the death of his father.
Feb 28, 2015, 10:00 AM EST
Marist’s Khallid Hart made the game-winning layup with 1.5 seconds left for the win.
Feb 28, 2015, 9:00 AM EST
A huge Saturday with 150 games and a lot of bubble action.
Feb 28, 2015, 12:17 AM EST
Here’s the rundown from Friday night.
Feb 27, 2015, 10:20 PM EST
An off-campus altercation back in 2010 led to a year-long suspension for the Villanova forward.
Feb 27, 2015, 9:15 PM EST
Jim Boeheim goes back almost nine years to describe Rakeem Christmas’ importance to this year’s team.
- Did Gonzaga cost themselves a No. 1 seed with loss to BYU? 0
- Kaleb Tarczewski produces another quality outing as No. 7 Arizona beats No. 13 Utah 0
- Bubble Banter: Boise State, St. John’s, Dayton win the day; Texas, N.C. State lose; and Kansas State? 1
- Late Night Snacks: No. 7 Arizona, No. 11 Wichita State and No. 19 Baylor among Saturday’s big winners 1
- No. 1 Kentucky moves to 29-0 with blowout win over No. 18 Arkansas 0
- No. 11 Wichita State wins the Missouri Valley by knocking off No. 10 Northern Iowa 0
- NCAA tournament berth the final step for St. John’s senior class 0
- Report: Former Louisville guard Chris Jones charged with rape, sodomy (12)
- Roy Williams calls out North Carolina fans following win over Georgia Tech (11)
- Bill Self crushed, Jamari Traylor targeted during Kansas State court storm (VIDEO) (11)
- Dez Wells, Melo Trimble lead No. 14 Maryland to upset of No. 5 Wisconsin (9)
- Vanderbilt head coach Kevin Stallings apologizes for postgame outburst directed at freshman guard Wade Baldwin IV (9)