According to the Tribune-Review Rich Rodriguez agreed to settle late last night. Rodriguez has agreed to pay a reduced sum of $4 million. Wait. Rodriguez is paying the whole sum. After months of blaming everyone under the sun and dragging himself, his agent, and WVU through the mud. Either someone just agreed to pay for him (unlikely as he probably has had at least partial backing all along), Michigan finally told him to pay (more likely since the upcoming depositions of Michigan President and A.D. were finally going to drag them into this), or Rodriguez wanted to settle for personnel reasons such as the upcoming season/wanting it to end/wanting to make West Viginians happy (no). However, it is strange that months later Rodriguez would "settle" for the full amount (minus lawyer fees) when it is highly unlikely he was going to lose more on verdict such as adding in lawyer fees or WVU showing it actually lost $10 million.
From the Charleston Gazette, which I didn't read before I wrote the above:
The agreement spells out how much Rodriguez will pay and how much will be paid on his behalf. The former WVU coach apparently had a deal with Michigan right from the start of his employment there to pay all or part of the tab.
MetroNews reported on its Web site today that one of the keys to the settlement was pressure brought to bear on Michigan athletic director Bill Martin and school president Mary Sue Coleman to give depositions in the case. There was a hearing scheduled on the matter in Michigan today.