Rodriguez, Michigan will pay
Former West Virginia University football coach Rich Rodriguez and the University of Michigan have agreed to pay a $4 million buyout and settle a lawsuit that WVU filed after he broke his contract in December.
Rodriguez will pay $1.5 million in three annual payments beginning January 2010. The Wolverines athletic department, his new employer, will pay $2.5 million by the end of July and cover Rodriguez’s legal fees, the University of Michigan said in a statement Wednesday.
“To help Rich focus on the challenges ahead, we have worked with him to resolve the dispute between him and West Virginia University over the terms of his buyout,” Michigan Athletic Director Bill Martin said.
The WVU Board of Governors held a special meeting Wednesday and approved the agreement, settling a case attorneys Tom Flaherty and Jeff Wakefield were set to try this fall.
