"In this case, however, it is now clear to me that what is best for our current students and for the overall good of the program, is to make this change now".
UCLA says it will honor the rest of Alford's contract and will use only "department-generated funds" to complete the buyout.
"While Steve led us to three Sweet 16 appearances, we simply have not been performing at a consistent level and our struggles up to this point in the season do not bode well for the future", Guerrero said in a statement.
The Bruins (7-6) started the season 4-0 but lost their last four leading up to Pac-12 play, which begins Thursday against Stanford.
UCLA also advanced to the Sweet 16 in each of Alford's first two seasons. We wish this program nothing but the best.
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Following the departure of Ball and forwards TJ Leaf and Ike Anigbogu - who were both drafted in the 2017 NBA Draft by the Indiana Pacers - and the graduation of guard Bryce Alford, the Bruins finished with a 21-12 record in the 2017-2018 season. With the removal of someone that has clearly been a problem for the most storied program in college basketball, it is very possible that the Bruins can come together and work as a team to take down the other 11 teams in the conference.
Alford, 54, was in his sixth year coaching the Bruins.
It will take a few weeks to see if this title run is a possibility, but for now, the Bruin players can show that they are more than what Alford made them out to be.
Before heading to UCLA Alford spent time coaching for the New Mexico Lobos.
A graduate assistant on the Bobby Knight-coached 1987 IN national championship team, Bartow has an overall record of 328-268 as a head coach.