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UNM, Alford cut a deal

Former Lobos basketball coach Steve Alford originally had offered to pay UNM $200,000. (Marla Brose/Albuquerque Journal)
Former Lobos basketball coach Steve Alford originally had offered to pay UNM $200,000. (Marla Brose/Albuquerque Journal)
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The University of New Mexico and former men’s basketball coach Steve Alford have reached an agreement in principle on the buyout he owes his former employer. UNM issued a news release Friday stating the buyout amount plus savings of deferred compensation payments, incentive bonuses would net the university a “favorable” outcome of $625,000. UNM had demanded $1 million and Alford had offered $200,000. After sorting through who owes who what, the additional “hard” dollars Alford and his new employer, UCLA, will owe UNM come to $300,000. Click here for the rest of the story

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