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Archive for Wednesday, August 20, 2008

IU’s Crean signs 10-year contract

Hoosiers coach’s deal worth at least $23.6 million

August 20, 2008

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— New Indiana basketball coach Tom Crean received the job security he wanted, signing a 10-year contract worth at least $23.6 million.

The deal includes an annual base salary of $600,000 and additional payments for promotional work, school officials said Tuesday. He will receive $1.4 million this season from outside income, a total that will increase slightly each year of the contract.

"I left a very special situation at Marquette when Indiana offered me this opportunity," Crean said in a statement. "I wanted to make sure that if I left, I would be going to a place that would be a destination for my family and allow me to build a program for the long haul with the same security."

Crean could earn up to $685,000 in bonuses if he wins a national championship. He'd get $125,000 for a Big Ten regular-season title and $125,000 if the Hoosiers reach the Final Four.

His contract includes a provision that allows Indiana to fire him if he or his staff commit NCAA infractions.

The school also will pay for season tickets to men's basketball and football games, travel costs for his wife and children to road games and the use of two cars.

When hired in April to replace the ousted Kelvin Sampson, Crean agreed to an eight-year contract, but the university added two more years last month.

Sampson and his assistants are accused of making more than 100 impermissible calls while Sampson was still under NCAA sanctions for a previous phone-call scandal at Oklahoma. Sampson was hired by Indiana in 2006. The NCAA has not ruled on the case.

Comments

KEITHMILES05 6 years, 4 months ago

Good for Crean.He has a big mess on his hands at a very, very tradition rich school.

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