Steve Alford

New Mexico, former coach Steve Alford settle buyout dispute

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In the immediate aftermath of Steve Alford’s decision to leave New Mexico to take over as head coach at UCLA, many wondered how much would he have to pay UNM in order to get out of his contract.

While Alford and his representation argued that the coach, who led the Lobos to four Mountain West regular season titles and three NCAA tournament appearances, owed the school just $200,000 UNM stated that he owed $1 million.

Friday the two parties came to a resolution, as the school announced that the end result is a “net benefit of approximately $625,000” according to Geoff Grammer of the Albuquerque Journal.

“On Friday afternoon, the University of New Mexico issued a news release stating that they had reached a buyout agreement with their former Men’s Basketball Coach, Steve Alford, who last month accepted the head coaching job at UCLA,” read an emailed statement UCLA sent the Journal on Friday afternoon. “The UNM news release does require some clarification. While there has not been a signed agreement, New Mexico has agreed to accept $300,000 of their original $1 million demand. A larger figure included in UNM’s release appears to include certain bonuses which Coach Alford previously agreed to forego when he decided to terminate his contract there and accept the offer from UCLA.”

Alford agreed to take the UCLA job on March 30, one day before the $1 million buyout as stipulated in the contract extension Alford signed earlier in the month would go into effect. That was the basis for Alford’s argument that he only had to pay the buyout in his prior contract.

However, according to Grammer’s report, UNM argued that because Alford did not give 30 days notice required in both contracts (the new contract was slated to go into effect on April 1) “he was still employed by the university through April 29 and the new contract was in effect.”

In the end the best thing to do was to solve the dispute without going to court, as it allows both sides to move forward. With an agreement now in place, Alford can continue to build his program at UCLA and New Mexico can proceed with the Craig Neal era.

Raphielle can be followed on Twitter at @raphiellej.

WATCH LIVE: Davidson battles Duquesne on NBCSN

Davidson's Jack Gibbs (12) tries to drive past Iowa's Mike Gesell during the first half of an NCAA tournament college basketball game in the Round of 64 in Seattle, Friday, March 20, 2015. (AP Photo/Elaine Thompson)
(AP Photo/Elaine Thompson)
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Two teams try to make a move up the standings in the Atlantic 10 as Davidson travels to Duquesne. This game can be seen live on NBCSN at 12:30 p.m. EST.

The Wildcats (12-8, 4-5) have dropped consecutive games to VCU and George Washington as they try to rebuild some momentum. Junior guard Jack Gibbs leads the way for Davidson as he’s one of the country’s most prolific scorers at 25.3 points per game.

Duquesne (15-7, 5-4) is riding a three-game winning streak as they’ve played much better since a four-game losing streak at the start of conference play. The perimeter duo of Derrick Colter and Micah Mason is one of the best in the Atlantic 10 and facing Gibbs and Davidson should be a fun matchup in the backcourt.

CLICK HERE to watch this game on NBC Sports Live Extra Saturday afternoon.

BUBBLE BANTER: Today’s key bubble games

(AP Photo/Alex Brandon)
(AP Photo/Alex Brandon)
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HERE IS THE FULL SCHEDULE OF BUBBLE GAMES TODAY. THIS POST WILL BE UPDATED THROUGHOUT THE AFTERNOON AND NIGHT.

Florida State (KenPom: 40, RPI: 38) at Wake Forest, 12:00 p.m.
George Washington (KenPom: 82, RPI: 49) at VCU, 12:00 p.m.
Cincinnati (KenPom: 33, RPI: 65) at Memphis, 12:00 p.m.
Temple (KenPom: 92, RPI: 74) at UCF, 12:00 p.m.
Saint Joseph’s (KenPom: 57, RPI: 37) at Fordham, 2:00 p.m.
New Mexico at San Diego State (KenPom: 68, RPI: 57), 4:00 p.m.
Pacific at BYU (KenPom: 58, RPI: 54), 4:00 p.m.
No. 25 South Carolina (KenPom: 53, RPI: 30) at No. 8 Texas A&M 4:00 p.m.
Clemson (KenPom: 49, RPI: 73) at Virginia Tech, 4:00 p.m.
Cal (KenPom: 43, RPI: 39) at Stanford (KenPom: 102, RPI: 63), 4:00 p.m.
Valparaiso (KenPom: 23, RPI: 36) at UIC, 4:00 p.m.
Butler (KenPom: 42, RPI: 61) at St. John’s, 4:30 p.m.
No. 23 Arizona at Washington (KenPom: 74, RPI: 51), 4:30 p.m.
Auburn at Georgia (KenPom: 71, RPI: 62), 5:30 p.m.
Mississippi State at LSU (KenPom: 55, RPI: 72), 6:00 p.m.
Vanderbilt (KenPom: 52, RPI: 31) at Ole Miss, 8:00 p.m.
Colorado (KenPom: 56, RPI: 23) at Oregon State (KenPom:84 , RPI: 41), 8:30 p.m.
Georgetown (KenPom: 60, RPI: 70) at Seton Hall (KenPom: 32, RPI: 44), 9:00 p.m.
Saint Mary’s (KenPom: 30, RPI: 54) at San Diego, 9:00 p.m.
Gonzaga (KenPom: 35, RPI: 71) at Pepperdine, 12:00 a.m.