Herrion to get $787K buyout from Cougars

Updated: June 20, 2006, 3:24 PM ET
Associated Press

CHARLESTON, S.C. -- The College of Charleston and former basketball coach Tom Herrion have all but finished a buyout that will pay him $787,000 for the remaining four years of his contract.

The sides began negotiating the settlement last week to end Herrion's four-year stint with the Cougars.

Wilbur Johnson, an attorney for the university, said Herrion will be paid $550,000 on June 30. The remainder of the buyout is due Jan. 1.

Johnson said Tuesday there were some minor issues remaining, including revenue from Herrion's basketball camps and insurance.

"I'm fairly confident that this is the framework of the agreement," he said.

Herrion's record at Charleston was 80-38. His first team in 2002-03 went 25-8 and made the NIT. However, the Cougars' victory totals dropped the past three seasons.


Copyright 2006 by The Associated Press

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