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Money Battle Between Alford And New Mexico
LOS ANGELES, CA (CBS 2/FOX 28) -- Steve Alford says he doesn't owe his former employers $1 million after leaving for UCLA. The former Hawkeye Men's Basketball Coach agreed to a 10-year contract at New Mexico. Then, just days later, resigned to take the UCLA job.
According to the Albuquerque Journal, Alford says he only has to pay New Mexico $200,000 under the terms of his old contract.
But officials with New Mexico disagree. They say Alford agreed to the new terms and the $1 million dollar figure stands event though the new deal hadn't taken effect.
About the legal battle that's likely to follow, Alford said "The agreement I signed starts April 1st. I'm not a lawyer. I'm an Indiana graduate who likes basketball. The lawyers will get together and figure that out."