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Michigan payment on Rodriguez buyout will go to WVU general fund
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bitcruncher Offline
pepperoni roll psycho...
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Posts: 61,859
Joined: Jan 2006
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I Root For: West Virginia
Location: Knoxville, TN
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Michigan payment on Rodriguez buyout will go to WVU general fund
Disbursment always becomes a problem with large sums of money. But it looks like this problem has gone away.

NOTE: I corrected the typo in the headline. I dispair of the quality of English from modern journalists... 03-banghead
The Charleston Daily Mail Wrote:Michigan payment on Rodriguez buyout will go to WVU general fund
By Mickey Furfari
For the Daily Mail
July 17, 2008


MORGANTOWN -- The $2.5 million about to be paid in the Rich Rodriguez buyout litigation originally will go into West Virginia University's general fund, Alex Macia said Wednesday.

Macia, the school's general counsel, also said that WVU -- not the athletic department -- will pay expenses of its own legal team following last week's out-of-court settlement of the $4 million lawsuit.

It was the university that filed suit last December against Rodriguez, its head football coach for seven years, for leaving before his latest contract expired.

That included the buyout, for which the University of Michigan, his new employer, has agreed to pay $2.5 million by July 31.

Under the settlement, for which loose ends are still being tied together, Rodriguez will pay the remaining $1.5 million in three installments. The first is due Jan. 1, 2010.

"I expect to have the legal expenses from the two law firms very shortly," Macia said. "I don't know whether (the money) will come out of the $2.5 million. But when we receive the final bill, it will be paid."

He said there has been no discussion yet of where the funds from Michigan and Rodriguez will go eventually, but said he believes it will be a decision by the newly named interim president, C. Peter McGrath.

"Our two law firms are still working on the settlement agreement and the final release," Macia said. "Then they will sign the joint order dismissing the case."

"There's just a little bit of work left, even though they did all of the heavy lifting last week (when the litigation was settled in mediation)."

The case was to have been tried before Judge Robert Stone in Monongalia County Circuit Court.

Macia doesn't know yet how much it will cost the university in legal service fees, travel expenses, etc. But he said, "From the outcome the two law firms achieved, I am certain it will be well worth (the cost)."

"Legally, I think we were correct on the law and on the facts. (Rodriguez's lawyers) just did not have a strong argument either on the law or the facts."

He indicated that all concerned at WVU are happy with getting the full $4 million without having to go to trial.

"Also, we're getting (part of the buyout) six months ahead of time," he said.

"To be fair, I think you have got to admit that Mike Garrison (outgoing president) and Craig Walker (former chief of staff) did not defy anyone. They did not cheat anyone. I think you've got to give President Garrison credit for hanging in there (for the full $4 million). We did not back down at all."

Rodriguez had said publicly that Garrison had indicated verbally he would reduce or eliminate the buyout.

Macia hopes to receive a final accounting of legal team expenses before the end of July. He said those will be made available to the media after institutional procedure is completed.
(This post was last modified: 07-17-2008 08:02 AM by bitcruncher.)
07-17-2008 08:01 AM
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