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Report: Steve Alford has huge buyout at UCLA

[ 0 ] July 9, 2013 |

BY USA TODAY

Don’t expect a coaching vacancy at UCLA for a while.

New coach Steve Alford’s freshly signed UCLA contract features a peculiar buyout clause, according to the Los Angeles Times.

If Alford or UCLA wanted to part ways before April 20, 2016, both would be obligated to a $10.4 million buyout. That’s four times Alford’s annual salary. The former New Mexico coach signed a seven-year, $18.2 million contract in April.

In essence, Alford will almost certainly be staying in Westwood for at least half a decade.

If Alford decided to leave town before four years are complete, his buyout would be $7.8 million. After five years, it would be $5.2 million and if he left before finishing six years on the job, that number would drop all the way to $2.6 million.

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Category: Iowa Hawkeyes men's basketball

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