Colorado State and head coach Larry Eustachy officially part ways

(Photo by Ethan Miller/Getty Images)

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.