Fired Michigan State coach Bobby Williams will receive $550,000 under a contract settlement announced Wednesday by the university.
Williams called the settlement fair.
The settlement includes compensation Williams would have received through June 2003 and a termination payment included in his contract.
All payments come from the university's Department of Intercollegiate Athletics budget.
Athletic director Ron Mason said the settlement is appropriate. He also wished Williams well in the future.
Williams' firing on Nov. 4 came after the Spartans' 49-3 loss to Michigan and the suspensions of quarterback Jeff Smoker and tailback Dawan Moss.
Smoker later admitted he was battling substance abuse.
Moss was dismissed from the team, but later listed as suspended, after being arrested and accused of dragging a police officer with his car after a traffic stop.
Morris Watts replaced Williams as interim coach.
The Spartans ended the season 4-8 overall and 2-6 in the Big Ten.