Thursday, October 30, 2003 Updated: November 2, 11:47 AM ET
Washington may take legal action
SEATTLE -- Fired Washington Huskies coach Rick Neuheisel has
put his suburban waterfront home up for sale with an asking price
of $6.2 million, $2 million more than he paid for it in 1999.
Meanwhile, Neuheisel is likely to face legal action by Washington to compel repayment of a $1.5 million loan that was part of his contract, university
The 5,360-square-foot house with four bedrooms, five bathrooms
and 130 feet of frontage on Lake Washington went on the market Oct.
21 and has drawn a lot of interest, but not because of the owner,
listing agent Kelly Sublett of Windermere Real Estate said.
"I don't think [the people who have looked at it] really care
whose house it is," Sublett said Wednesday.
The down payment is listed at $1.24 million with a monthly
payment of $28,945. Property taxes on the 15-year-old house are
listed at $34,963.
It's far from the biggest property on the block. Windermere's
Web site alone has listings for nine more expensive waterfront
homes in Medina, a small suburb on the east side of the lake.
Neuheisel refinanced the house with a $3.6 million mortgage in
June 2002, two months before he signed a new contract with
Washington that included a $1.5 million loan.
He was fired July 28 for participating in high-stakes college
basketball pools the past two years and for initially lying when
asked about it by the NCAA. The next month Neuheisel filed a
lawsuit for unspecified damages.
Neuheisel was 34 when he took over at Colorado, and after modest
success with the Buffaloes, he jumped to Washington for a contract
that paid him $1.2 million a year. His teams went 10-2, 10-2, 5-6
and 8-4 at CU. But he also admitted to more than 50 recruiting
violations, many involving illegal contact with recruits, while at
Colorado during 1995-1998.
Washington officials say that because he was fired for cause,
Neuheisel is obligated to pay back the loan and is owed nothing on
his contract, which was to run through Jan. 1, 2008.
The 90-day deadline for repaying the loan has passed, and The
Seattle Times reported Thursday that the university is likely to
file a counterclaim to the lawsuit in King county Superior Court by
the end of the week.
"Coach Neuheisel has not repaid his $1.5 million loan when due,
and the university expects to recover that amount, with interest,"
said Lou Peterson, a lawyer representing the school in the case.