Report: Alford's UCLA deal contains large buyout

The Sports Xchange
The SportsXchange


UCLA basketball fans should get used to the sight of Steve Alford pacing the court for at least three years, thanks to a large mutual buyout should either side sever ties early, according to a Los Angeles Times report.
Alford's contract contains a $10.6 million buyout provision should either side decide to end their relationship before April 30, 2016, more than four times his annual pay. After that, the amount shrinks each year, to $7.8 million, $5.2 million in 2017 and 2018, respectively, then $2.6 million after years five and six of the seven-year, $18.2 million deal, the paper said.
The deal likely binds the two parties into at least a three-year marriage, as Alford replaces Ben Howland. The large amount is likely a result of Alford's previous departure from the University of New Mexico, when the 48-year-old coach left the school two weeks after agreeing to a contract extension. His signing ignited a debate over how much he owed his former boss to purchase his contract.