Michigan's Rich Rodriguez received a new perk: A $1.5 million line of credit (reportedly at no interest) from the bank founded by his boss, athletic director Bill Martin. Rich Rod then turned and offered the check to his former employer, West Virginia, with a catch: Sign and cash the check and the monthlong contract dispute is over.
West Virginia's response: No deal. Mountaineer officials say Rich Rod's offer is $2.5 million short — and growing. The university says it wants to add $4,000 in daily interest on the $4 million the coach owes for breaking his contract, although there is an argument that figure should be a more reasonable $904.11 a day. Still ...
"The amount owed by Mr. Rodriguez under the terms of the contract in effect at the time of his resignation is $4 million," West Virginia attorney Jeff Wakefield said. He added that the sides are not engaged in settlement talks. Rich Rod has until Feb. 4 to respond to West Virginia's lawsuit.
A lot of posturing going on, including West Virginia shipping off a check last week for $287,000 that covered owed bonuses and incentives to Rich Rod. This could get even uglier.