Marist College says James Madison University has agreed to pay it $100,000 to settle its part of a breach of contract lawsuit filed after the Virginia school hired men's basketball coach Matt Brady in 2008.
A Marist spokesman says Monday the presidents of the two schools exchanged letters as part of the settlement Thursday, with JMU's Linwood Rose acknowledging he would have required a written release from Marist before the hiring if he'd been aware of details of Brady's contract.
Meanwhile, the trial in Marist's suit against Brady continues and was scheduled to open Monday in upstate New York.
Marist is seeking unspecified damages from Brady for taking the job in Harrisonburg, Va., without written permission soon after signing a new contract. He'd coached in Poughkeepsie starting in 2005.