Steve Alford’s UCLA contract includes mirrored $10.4 million buyout

Steve Alford isn’t leaving UCLA anytime soon.

According to his contract, obtained by the Los Angeles Times, Alford is tied to the school by a $10.4 million buyout — owed should either party leave the other before April 30, 2016.

That mirrored buyout drops to $7.8 million by the same date in 2017, $5.2 million in 2018, and $2.6 million in 2019. His $2.6 million-per-year contract ends in 2020.

The terms almost guarantee that the Bruins will keep Alford at least through April 2018. Such an exorbitant commitment is rare in college basketball, especially for a coach who hasn’t reached a Sweet Sixteen since 1999. Alford has also been criticized for his handling of Iowa star Pierre Pierce’s sexual assault charges in 2002, which he apologized for over a week after his April introduction at Pauley Pavilion.

Before the contract was released, a UCLA spokesperson had said that the school agreed to pay Alford’s full buyout with New Mexico, including the tax burden. The school said in May that the payout amounted to $300,000, with another $325,000 coming from Alford’s previously surrendered bonuses.

However, UCLA paid Alford a $845,615 signing bonus to compensate “for lost income … relating to his departure from his prior position.” Athletic director Dan Guerrero said in March that Alford had a signing bonus of $200,000, but allowed that they would “work out the (buyout) details if necessary.”

The contract also stipulates up to $235,000 in team performance bonuses, including $25,000 for making the NCAA tournament and $75,000 for winning the national championship.

If the team clears an APR of 925 — the minimum required to avoid being subject to NCAA sanctions — he will earn $10,000. The Bruins’ most recent score is 951, which ranks 11th in the Pac-12.

Alford can be paid up to $150,000 each year for performing services connected to any UCLA summer or holiday basketball camps.

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  • Marc

    Wow! It just keeps getting better, doesn’t it?

  • Cliff Sakata

    I really don’t like Dan Guerrero.

  • Sam C

    More great moves by Dan G.

  • Hank

    Any other hirings Dan’s looking to fill? I’m all in! Where can I send my resume? Sounds like a dream opportunity. Proven experience not required, get paid a ton of money, and can’t be fired. Perfect!