Colorado State and head coach Larry Eustachy have officially parted ways, according to a report from Matt L. Stephens of the Denver Post.
Eustachy has been on leave the past few weeks as the school investigates his treatment of players — the second such investigation in his six-year tenure. The school and Eustachy agreed to a payment of $750,000, in which the coach will get three payments of $250,000 through early 2019.
As Stevens noted in his report, Eustachy originally had a buyout of about $3 million if Colorado State terminated his contract without cause, so this number is a renegotiation of Eustachy’s exit clause.
Eustachy made the NCAA tournament in his first season as head coach with the program in 2012-13 but the Rams haven’t been back to the dance since. Colorado State has two NIT appearances the past five seasons, including last season’s 24-win campaign.
But with Eustachy dealing with so many off-the-court controversies, it was an easy decision for Colorado State to move on from this. The program is also dealing with players boycotting practice because they weren’t getting information from the athletic department so there are tons of issues at play here.
Colorado State is likely going to have to start fresh with a new search here since the culture of this program seems so toxic right now.