UNM gives Steve Alford until April 29
ALBUQUERQUE, N.M. -- The University of New Mexico is giving former coach Steve Alford until the end of April to pay a $1 million buyout.
Alford announced last Saturday that he would be leaving the Lobos to take the head coaching job at UCLA.
Alford had just agreed to a new 10-year contract with New Mexico that would have been worth some $2 million a year. Under the new agreement, if Alford took another job prior to April 1, 2015, he or his new employer would owe UNM $1 million.
"I don't know those things. I know it's not April 1. My agreement that I signed starts on April 1. I'm not a lawyer, I'm just an Indiana grad that likes basketball. The lawyers will have to get together to figure that out," Alford said Saturday during a conference call.
UCLA officials said earlier this week that Alford is responsible for the buyout, but that UCLA would work out the details.
New Mexico spelled out the terms of the buyout in a letter sent to Alford on Wednesday. The letter was obtained by the Albuquerque Journal.
Information from The Associated Press and ESPNLosAngeles.com's Peter Yoon was used in this report.