(AP) — Binghamton University has bought out the contract of former men’s basketball coach Kevin Broadus, who guided the team to its first NCAA tournament and then watched the program quickly crumble.
In exchange for his resignation, which takes effect Monday, and withdrawal of all claims and potential future lawsuits, Broadus will receive a $1.2 million settlement. According to interim president C. Peter Magrath, Binghamton University will pay $819,115 and the State University of New York will pay $380,884.
Magrath said the settlement was about $400,000 larger than the amount due on Broadus’s contract to include legal fees. (more…)







