Late Friday night, the New Mexico Lobos parted ways with head coach Craig Neal and now it is time to take a look at what coaches could be a fit to replace Neal. First off, we need to start with the amount of money that the Lobos could offer.
Neal was earning $300,000 annually in base pay but overall he was earning $950,000 per year. As part of his contract, New Mexico will owe Neal $1 million for firing him and the reason the move happened prior to April 1 is because the Lobos would owe what was left on his base salary. April 1 was the start of the new contract year so the move saved them around $300,000 by not waiting a week or so to make this decision.
This Lobos job is still seen as a good college basketball position with its history and great fan base, but how much New Mexico could pay for the next head coach could be a deciding factor in what type of coach the could get.