Steve Alford says he won't pay $1 million buyout to New Mexico after leaving to take UCLA job

Published April 30, 2013

| Associated Press

A University of New Mexico official says former Lobos basketball coach Steve Alford is willing to pay a $200,000 buyout for leaving the Albuquerque school to take a job at UCLA but he won't pay the $1 million payment that New Mexico wants.

According to the Albuquerque Journal (http://bit.ly/14L4Aaj ), an email written by a university lawyer says Alford is offering to comply with terms of his previous contract with New Mexico.

Alford on March 18 signed a term sheet agreeing to a new 10-year contract with New Mexico that included a $1 million buyout. It was to take effect April 1, two days Alford announced his resignation.

New Mexico contends it's owed the $1 million buyout because the previous contract required a 30-day notice of termination.

URL

http://www.foxnews.com/sports/2013/04/30/steve-alford-says-wont-pay-1-million-buyout-to-new-mexico-after-leaving-to-take/