Updated: 04/30/2013 5:34 PM |
Created: 04/30/2013 2:52 PM
By: Steve Mieczkowski, KOB.com
Photo: Steve Alford
KOB Eyewitness News 4 has obtained the email that former Lobos men's basketball coach Steve Alford sent to Kimberly Bell, Associate University Counsel for UNM.
In the email, Alford notified the school that he will not pay the $1,000,000 buyout that his new contract stated, but rather the $200,000 from his previous contract.
Below is the text of the email:
Dear Ms. Bell:
I understand that UNM is taking the position that my resignation was not effective on March 30 and that I will continue as a University employee until April 29 or 30.
I also understand that UNM intends to deposit money into my account representing salary from March 30 through April 29 or 30. My resignation as Head Coach was effective March 30. I performed no services after that date and am not entitled to any salary for services rendered after March 30. I will not accept any such payment.
The Term Sheet of March 18 never became effective because UNM and I never reached agreement on a final written employment contract including those terms. My obligations and those of UNM are governed by the agreement in place before the Term Sheet.
I am not entitled to any additional deferred compensation payments from UNM. Although I performed the conditions that would have entitled me to receive additional incentive salary, my contract with UNM provides that I am not entitled to receive such incentive salary because of my contract termination. I will not accept any unpaid deferred compensation or incentive salary.
My contract with UNM provides that if I terminated the contract before March 31, 2013, I would agree to pay the sum of $200,000. I hereby offer that amount to UNM.