University of Colorado reaches settlement with former head football coach to save $3 million

TUCSON, AZ - NOVEMBER 02: Head coach Mike MacIntyre of the Colorado Buffaloes watches from the sidelines during the college football game against the Arizona Wildcats at Arizona Stadium on November 2, 2018 in Tucson, Arizona. (Photo by Christian Petersen/Getty Images)

BOULDER, Colo. –The University of Colorado has reached a contract settlement with its former head football coach.

The Daily Camera reports that the university’s $7.23 million agreement with Mike MacIntyre will save about $3 million.

The newspaper reports MacIntyre had three years and $10.3 million remaining on his contract when he was fired without cause in November; he was entitled to the full amount in monthly payments through 2021.

Officials say the buyout agreement reached Tuesday will be paid through the athletic department, not from tuition, taxpayer dollars or the campus general fund.

Officials say the agreement includes a lump sum payment of about $3.54 million no later than Monday and a second payment of approximately $3.69 million in January 2020.

McIntyre is now the defensive coordinator at the University of Mississippi.

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