MENU

      Steve Alford says he won't pay a million dollar buyout to New Mexico

      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 after 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.

      component-story-more_media_horiz-v1-01
      FOLLOW US ON TWITTER