Former Kentucky basketball coach Billy Gillispie has filed a federal lawsuit in Texas asking for Kentucky to pay him the money he is owed.
But, because Gillispie never signed a contract with the university, he is claiming that Kentucky interferred with his re-negotiations with Texas A & M, which would have paid him around $7 million.
According to the lawsuit when Kentucky first contacted Gillispie about its basketball job he was in the process of negotiating a new seven-year contract with Texas A and M where he was employed at the time.
Here is part of the story from Fox TV 26 in Houston.
The lawsuit states that new deal would have paid Gillispie an annual salary of $1.75 million. The proposed deal was to run through 2015 and if Gillispie had stayed with the Aggies through 2012 he would have received an additional $1 million. If he had stayed through 2015 he would have received yet an additional $750,000. The contract with Texas A and M was never formalized.
In his lawsuit against UKAA Gillispie alleges "defendant intentionally interfered with Coach Gillispie's contract negotiations with Texas A and M through its fraud as well as fraudulent misrepresentation and inducement."
The lawsuit states had defendant not interfered during Gillispie's negotiations with Texas A and M, Gillispie would have gladly remained the head basketball coach with the Aggies.
If this goes to trial, there may be some skeletons in Gillispie's closet that surface that he may not want to become public.
Stay tuned.
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