CHARLESTON, W.Va. (AP) -Former West Virginia basketball coach John Beilein will pay the university $1.5 million for leaving for Michigan with five years remaining on his contract.
``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.

NCAAB Headlines

NCAAB Top Stories

Thumbnail Oklahoma vs. Texas Pick Two big rivals meet up in Big 12 action when Texas hosts Oklahoma tonight at 9PM ET. Who has the edge?
Thumbnail Gonzaga vs. Portland Pick Will No. 4 Gonzaga stay undefeated and pick up a sizable win when it goes on the road to face Portland tonight at...
Thumbnail N.C. State vs. Duke Pick No. 18 Duke looks to get back on a winning streak tonight when it hosts N.C. State at 7PM ET in ACC action.
Thumbnail Arizona State vs. USC Pick Which Pac-12 team will get back on track when USC hosts Arizona State at 8:30PM ET?
Thumbnail Georgetown vs. Xavier Pick Will No. 22 Xavier have any problems at home when it hosts Georgetown today at 2PM ET?

NCAAB Team Pages