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

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ALBUQUERQUE, N.M. (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 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.

Copyright 2014 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
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