Alford buyout to net New Mexico $625K
May 17, 2013
By The Associated Press
ALBUQUERQUE, N.M. (AP) - The University of New Mexico says it has reached an agreement in principal with former basketball coach Steve Alford over his buyout.
Alford said in April he was willing to pay a $200,000 buyout for leaving the Albuquerque school to take the job at UCLA, but he wouldn't pay the $1 million payment that New Mexico wanted.
The dispute stemmed from the timing of his announcement and a term sheet he had signed just weeks before agreeing to a new 10-year contract with New Mexico that included a $1 million buyout.
Under the agreement announced Friday, the net benefit of the buyout will be $625,000.
The school says there are still some final details that have to be resolved, but it sees the agreement as favorable.
Copyright 2018 by STATS LLC and Associated Press.
Any commercial use or distribution without the express written
consent of STATS LLC and Associated Press is strictly prohibited.
7-0 Saturday, 13-3 Run, +2,147 TY
10-3 Run, 44-19 G-Plays, +4,144 TY
3-0 Y'day, 6-1 G-Plays, +1,708 TY
5-0 L5 College Guarantees
7 Straight G-Play Winners
4-0 Yesterday, 4-1 L5 Guarantees
4-0 Sat, 8-2 Run, 16-7 G-Plays
2-0 Y'day, 3-0 G-Plays, 4-0 Totals
4-1 L2 Days, +2,965 This Year
15-5 L20, 21-6 L27 Win Streak
9-5 Sat, 15-8 Picks, 22-9 Totals
4-1 L5, 7-2 Record L5 Days
3-1 Sat., 9-4 L13, 21-10 Streak
5-2 L7 Guarantees, +1,587 Overall
3-0 L3, 6-1 L7 Selections
7-3 L10, 23-12 L35 Guarantees
With a VI Gold Membership, you can SAVE 20%
off Daily Pick packages, SAVE 10%
off a Live Odds subscription, and receive access to up to 1,000
Member Plays each month!