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ALBUQUERQUE (AP) — 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 Alford said he won’t pony up 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.
The contract was to take effect April 1, two days after Alford announced his resignation to take over the program at UCLA.
New Mexico contends it’s owed the $1 million buyout because the previous contract required a 30-day notice of termination.