Rodriguez offers to pay portion of buyout
Categories: Wolverines
Written By: Admin
Former West Virginia football coach Rich Rodriguez has offered to pay the school $1.5 million to buy out the final six years of his contract, according to a letter of credit filed Tuesday in U.S. District Court in Clarksburg, W.Va.
Michigan’s new coach was sued by WVU to collect on a $4 million buyout clause. The sides are trying to settle out of court, sources said.
Rodriguez, who was hired as Michigan’s coach on Dec. 16, filed the letter of credit “in the spirit of compromise and as an act of good faith to assure West Virginia University that if this Honorable Court makes an award against Defendant, said monies will be paid,” according to the court filing.
“The amount owed by Mr. Rodriguez, under the terms of the contract in effect at the time of his resignation, is $4 million,” WVU attorney Jeff Wakefield said Tuesday.
