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UCLA Coach Steve Alford tells New Mexico 'no' on $1-million buyout

April 30, 2013|By Chris Foster
  • Steve Alford and New Mexico disagree on the amount of money Alford owes the school.
Steve Alford and New Mexico disagree on the amount of money Alford owes the… (Marla Brose / MCT )

New Mexico officials think UCLA Coach Steve Alford is one in a million. Alford, on the other hand, feels he is worth only $200,000.

Alford has told New Mexico officials he will not pay the $1-million buyout they were demanding, the Albuquerque Journal reported Tuesday. He said he owes the school only $200,000.

Alford agreed this year to a 10-year contract extension with New Mexico, then bolted to be UCLA's coach two days before the contract extension kicked in. The new contract included a $1-million buyout provision, which New Mexico officials believe is in effect even though the contract hadn't kicked in.

New Mexico officials contend that both contracts required a 30-day notice for termination, which would take Alford into the new contract.

At the time of hiring, Alford said,  “I know it’s not April 1. The agreement I signed starts April 1. I’m not a lawyer. I’m an Indiana graduate who likes basketball. The lawyers will get together and figure that out.”

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