Alford says he won't pay $1M buyout to New Mexico

Published April 30, 2013 9:32 am
This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Albuquerque, N.M. • 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, 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.

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