August 9, 2013
Crean’s Buyout Suggests He’s at IU for the Long-Term
Indiana’s buyout cost to early terminate their head men’s basketball coach dropped last month from $16 million to $14 million
Oftentimes the end date of a coaching contract has little meaning. This is due to termination provisions and the frequency of amendments and restatements. However, if Tom Crean tells a recruit, “I’m staying with Indiana for the long haul and vice versa”, his employment agreement with the school would appear to support his words.
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