CSU on Monday put an end to the drawn-out process of replacing its men’s basketball coach by reaching a resignation settlement with Larry Eustachy, one of the winningest coaches in school history.
The university confirmed Eustachy's resignation on its official athletic department Twitter account. The coach will remain on paid administrative leave through June 30 and receive three payments of $250,000 over the next two years under terms of the settlement.
Eustachy, 62, was under investigation for alleged abusive behavior to players and staff, the second time he was investigated for such actions by CSU in his six years as coach. Under investigation since late January, Eustachy was placed on paid administrative leave Feb. 3 based on information that had been gathered by Parker and others during what the university called a “climate assessment.”
Parker acknowledged Jan. 31 that he and others on his staff, later identified as deputy athletic director Steve Cottingham and NCAA compliance director Shalini Shanker, were conducting individual interviews with players and staff members of the men’s basketball program.
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