Steve Alford takes back UCLA extension after awful season
"Because of this, I let (athletic director) Dan Guerrero know that I wanted to return the one-year contract extension I received after the 2013-14 season. This request has since been processed. At the end of the day, year three was clearly not up to UCLA standards. My coaching staff and I fell short not only of our own expectations, but the expectations of Dan, the Chancellor and you, our fans. As a coaching staff, we intend to earn that extension back."
Here's the whole letter:
What does this mean in terms of his contract?
Well, most notably, his $10.4 million buyout will only be good through April 30 of this year, then drop to $7.8M, $5.2M and $2.6M on the same date each of the following years, according to the L.A. Times.
He's now under contract through the 2020 season ... unless of course he makes good and earns that extension back.