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"Former New Mexico Lobos head coach Steve Alford will have to buy out of his current contract, but there\u2019s some confusion about how much that amount will be.Alford\u2019s current contract carries a $150,000 buyout clause. Ten days ago, he announced that he had a memorandum of agreement with the University of New Mexico to sign a new deal that would contain a $1 million buyout. That deal was set to go into effect on Monday.Because of that, some experts said Alford only has to pay $150,000 to leave the program.UNM Vice President for Athletics Paul Krebs said the school hasn\u2019t discussed the buyout amount with their lawyers or Alford yet.\u00A0\u201CCoach Alford and I haven\u2019t talked about that. There was a letter of agreement signed. Is that a contract?\u201D Krebs said. \u201CCoach\u2019s old contract had a buyout in it, and the new contract that was being written based off a letter of agreement had a buyout in it. One way or the other there\u2019s a buyout\u2026I can\u2019t tell you what that number is.\u201DAlford announced Saturday that he was leaving UNM after six seasons to become the head coach of the UCLA Bruins. \u00A0"^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.koat.com/article/unm-alford-mum-on-contract-buyout/5046861>