Found June 15, 2013 on The Sports Post:
Sheldon Jeter's attempt to transfer has been anything but smooth. (Photo credit) It's pretty easy to move around as a coach in the world of college basketball, even after declaring that you're staying put. On March 20, 2013, just before the New Mexico Lobos played in the 2013 NCAA Tournament, the school announced head coach Steve Alford agreed to a 10-year extension. Their tournament run, or sprint, really, ended the next day with a loss to Harvard in the round of 64. The details of Alford's extension contained a buyout plan in case he left before fulfilling his contract. Beginning April 1st, if Alford left any time before April 2015, he would owe the school $1,000,000. If he left between April 2015 and April 2017, he'd owe $500,000. And if he left any time after April 2017 but before the end of the contract (April 2023), he'd owe the school $300,000. Alford didn't even make it to the April 1, 2013 start date. Ten days after agreeing in principle to ...
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