|WVU, Beilein agree on contract buyout|
|Written by Admin|
|Thursday, 26 April 2007 13:50|
``After very productive discussions with Bob Fitzsimmons, coach Beilein's attorney, we are pleased to have finalized the details related to coach Beilein's departure from the university,'' WVU general counsel Tom Dorer said Thursday. ``Obviously from the fact we reached agreement, both parties wanted to move on and amicably resolve any remaining issues.''
The amount is $1 million less than the penalty called for in Beilein's contract, which ran through the 2012 season.
Under the agreement, Beilein will pay $1.5 million over the next five years to the West Virginia University Foundation. The first installment is due in April 2008 and the final one in April 2012, WVU said.