MiniMoeHawk
Well-Known Member
If Steve Alford decides to leave the UCLA Bruins or is fired in coming years, a rare yet significant buyout penalty will accompany the move.
According to the Los Angeles Times, the new Bruins coach would owe the university $10.4 million if he departed the school before April 30, 2016, the same amount the school would owe Alford if he was terminated without cause before that time.
Each successive year, the buyout would be reduced for the respective parties by $2.6 million -- his annual salary -- through 2019.
Looks like UCLA is stuck with him for a few years.....
Steve Alford's deal with UCLA Bruins has $10M dual buyout, report says - ESPN Los Angeles
According to the Los Angeles Times, the new Bruins coach would owe the university $10.4 million if he departed the school before April 30, 2016, the same amount the school would owe Alford if he was terminated without cause before that time.
Each successive year, the buyout would be reduced for the respective parties by $2.6 million -- his annual salary -- through 2019.
Looks like UCLA is stuck with him for a few years.....
Steve Alford's deal with UCLA Bruins has $10M dual buyout, report says - ESPN Los Angeles
