After guiding UCLA to its first Sweet 16 appearance since 2008, Steve Alford has signed a one-year extension to his already very lucrative contract.
The Bruins announced today that Alford signed a new agreement keeping as the head coach of the men’s basketball team through the 2020-21 season, adding an extra bit of security to his original seven-year, $18.2 million contract. That contract included an unusually large $10.4 million buyout if he quit the job before April 30, 2016; if UCLA fired him before that date, it would in turn pay him that amount.
The original contract also stipulated that he and athletic director Dan Guerrero would meet each April to discuss the “option to extend the employment agreement, in writing, an additional year.”
In 2013, Alford was the highest-paid state employee in California. He made $2.6 million in base pay, as well as another $65,000 in performance bonuses.
He enters his second season at UCLA without the core of that Sweet 16 squad, having lost Kyle Anderson, Jordan Adams and Zach LaVine to the NBA draft. The trio combined to average 41.2 points per game last season.
The Bruins add a talented five-star freshman in forward Kevon Looney, as well as former five-star guard Isaac Hamilton — ineligible last season because he broke a letter of intent he signed with UTEP. Four-star center Thomas Welsh and three-star forward Gyorgy Goloman also join the team.
However, UCLA lost two other players expected to contribute immediately. NCAA ruled four-star forward Jonah Bolden a partial qualifier last month, making him ineligible for the 2014-15 season. Would-be graduate transfer guard Jon Octeus, who averaged 13.4 points at Colorado State, was denied admission.