The chances of Steve Alford becoming one of the horses in the Indiana coaching derby became less likely today with news that Alford has agreed to a 3-year contract extension at New Mexico.
Amid Internet rumors of a mysterious IU plane in Albuquerque, N.M. over the weekend, a press conference will be held there at 3 p.m. (5 p.m.) Indiana time to announce the contract extension, according to the Albuquerque Journal.
The contract extension should help extinguish “hot and heavy” rumors in New Mexico that Alford will return to his alma mater at IU, according to a fan Web site focusing on the Lobos.
Last summer, Alford signed a six-year contract with New Mexico worth about $1 million per year. The new deal will extend the contract through 2016 but may not include a raise, the Albuquerque Journal reported.
Alford led New Mexico to a 24-9 record (11-5 for third place in the MWC) in his first season, a dramatic turnaround from the school’s 15-17 record in 2006-07.