BAMAPHIN 22
FinHeaven Elite
Fired football coach Rick Neuheisel will receive $4.7 million in a settlement Monday of his lawsuit against the NCAA and the University of Washington.
The deal was announced by Judge Michael Spearman just before closing arguments were to begin in the 5-week trial.
Neuheisel will receive a cash payment of $2.5 million from NCAA, and the university will forgive a $1.5 million loan from the school that Neuheisel earlier had been asked to pay back. The university also will pay him $500,000 in cash and $200,000 in interest.
After his announcement, the judge called attorneys in the case into his chambers. Neuheisel and other principals in the case were not immediately available for comment.
Neuheisel had accused the university of wrongfully terminating his contract and the NCAA of encouraging Washington administrators to fire him.
The university had argued that he had signed a contract that allowed for his firing for acts of dishonesty. School officials have said Neuheisel was fired for gambling on an NCAA basketball pool and failing to be forthright about it with NCAA investigators.
http://sportsillustrated.cnn.com/2005/football/ncaa/03/07/bc.fbc.neuheiseltrial.ap/index.html
The deal was announced by Judge Michael Spearman just before closing arguments were to begin in the 5-week trial.
Neuheisel will receive a cash payment of $2.5 million from NCAA, and the university will forgive a $1.5 million loan from the school that Neuheisel earlier had been asked to pay back. The university also will pay him $500,000 in cash and $200,000 in interest.
After his announcement, the judge called attorneys in the case into his chambers. Neuheisel and other principals in the case were not immediately available for comment.
Neuheisel had accused the university of wrongfully terminating his contract and the NCAA of encouraging Washington administrators to fire him.
The university had argued that he had signed a contract that allowed for his firing for acts of dishonesty. School officials have said Neuheisel was fired for gambling on an NCAA basketball pool and failing to be forthright about it with NCAA investigators.
http://sportsillustrated.cnn.com/2005/football/ncaa/03/07/bc.fbc.neuheiseltrial.ap/index.html