Crean agrees to eight-year, $18.24 million deal


IU has just distributed a news release announcing Crean’s hiring as Indiana’s 28th men’s basketball coach. It announces that Crean and IU have agreed to an eight-year $18.24 million deal that will pay him an average of $2.3 million per season.

Here are some of the quotes from the release:

“I am very pleased to have a coach of Tom Crean’s quality come to Indiana University to lead our men’s basketball program,” IU president Michael McRobbie said. “Coach Crean has had great success on the court but he is also known for his community involvement and his commitment to the academic success of players. I am very pleased to welcome him to Indiana.”

“I am so appreciative of the commitment to excellence that Tom has demonstrated in the past and the many outstanding qualities, experiences and attributes that he possess that will help us achieve our goals of academic and athletic excellence in our basketball program,” IU athletic director Rick Greenspan said.

“The committee considered a wide range of excellent candidates and we are confident that in Tom Crean, we found a coach who will be a great fit for Indiana,” search committee chair Harry Gonso said.

“I cannot begin to tell you how excited we are to join the Indiana University family,” Crean said. “This is one of the elite institutions and basketball programs in America and we take the responsibility of upholding that tradition very seriously. We want to build a program that the people of Indiana can be proud of, both on and off the basketball court.”

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12 comments:

  • IUHOOPS #1


    Wednesday, April 2, 2008 - 10:56 AM EDT

    Damn. I would happy to be in Hoosier country too for that salary!

    Wow.

  • IUHOOPS #2


    Wednesday, April 2, 2008 - 11:04 AM EDT

    Can you guys report who is responsible for paying this contract? It is from private donations.

  • Jon #3


    Wednesday, April 2, 2008 - 11:09 AM EDT

    I would say this is guaranteed with 3rd parties picking up atleast a portion. He’ll atleast get $250k from Learfield.

  • Greg #4


    Wednesday, April 2, 2008 - 11:31 AM EDT

    I’ll donate some.

  • Outraged on campus #5


    Wednesday, April 2, 2008 - 12:37 PM EDT

    To spend this amount of money in this fashion is nothing short of obscene. Can respectability be purchased — apparently.

  • Jeff #6


    Wednesday, April 2, 2008 - 1:37 PM EDT

    Who’s getting outsourced to pay for this one?

  • Pam #7


    Wednesday, April 2, 2008 - 1:51 PM EDT

    This is absolutely ludicrous. They can’t give faculty or staff a decent cost of living wage increase that would at least cover the increase in parking/insurance, but they can pay a basketball coach, COACH, 2.3 million a year!!! I thought we were working for an ACADEMIC institution, not a professional basketball organization!

  • Jethro #8


    Wednesday, April 2, 2008 - 2:06 PM EDT

    The funny thing about the last post is that a lot of people are complaining about his salary but are probably the same group of people that complain about not having a good coach and how fast IU is goin down the drain because of Kelvin Sampson!

  • Dick #9


    Wednesday, April 2, 2008 - 2:35 PM EDT

    Damn, aren’t any of you dopes ever satisfied. You have just been given a faulous new coach. For that, it costs money. No one is asking you pull out your wallet.
    He is defintely the Crean of the Crop!

  • Mark K #10


    Wednesday, April 2, 2008 - 5:55 PM EDT

    $2.3 per year for 8 years is fine with me. It is time to put IU Basketball back in the very upper escelon and Crean is the guy to do it. I do wonder where all the money will come from but that is up to IU to figure out.

    GO IU!

  • joe hoss #11


    Wednesday, April 2, 2008 - 9:28 PM EDT

    Good luck IU, are you sure you know who you hired? the guy only won in the ncaa 2 out of 9 years at MU. He had many transfers. I thought IU fans knew their basketball? you all made an expensive mistake.

  • Bradley #12


    Monday, April 7, 2008 - 10:36 PM EDT

    Mr. Hoss, were you not accepted at Indiana or what? You seem very bitter. You should find something constructive to do before you go postal!

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