JeeberD
05-05-2003, 06:41 PM
I thought resigning wasn't his style???
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Settlement ends Eustachy's tenure as coach (http://espn.go.com/ncb/news/2003/0505/1549675.html)
Associated Press
AMES, Iowa -- Iowa State basketball coach Larry Eustachy resigned Monday, just days after the publication of embarrassing photos of him drinking and partying with students.
Eustachy acknowledged that he was an alcoholic seeking treatment last Wednesday, the same day the school suspended him with pay and athletic director Bruce Van De Velde recommended he be fired.
The deal between Eustachy and Iowa State gives the coach $110,000 for the remainder of 2003 and a lump sum of $850,000 on Jan. 1, 2004. He had eight years remaining on a 10-year, $10 million contract.
"By resolving this situation today, we will continue to move forward in our important mission of providing students with the best education possible," said Dr. Greg Geoffroy, university president.
The monetary settlement "resolves all matters," said Steve Zumbach, the university's attorney.
"This matter needed to be brought to a close. If allowed to continue, that damage would have been irreparable," Zumbach said.
Zumbach said it has been one of the most divisive issues that has confronted the university during his 35-year tenure.
As part of the settlement, Eustachy will receive the university's health benefits over the next year. Those benefits include coverage for treatment of alcoholism, Zumbach said.
"This decision now allows our basketball program to move forward and supports Mr. Eustachy and his family in his struggle with alcohol," Geoffroy said.
---------------------------------------------------------
Settlement ends Eustachy's tenure as coach (http://espn.go.com/ncb/news/2003/0505/1549675.html)
Associated Press
AMES, Iowa -- Iowa State basketball coach Larry Eustachy resigned Monday, just days after the publication of embarrassing photos of him drinking and partying with students.
Eustachy acknowledged that he was an alcoholic seeking treatment last Wednesday, the same day the school suspended him with pay and athletic director Bruce Van De Velde recommended he be fired.
The deal between Eustachy and Iowa State gives the coach $110,000 for the remainder of 2003 and a lump sum of $850,000 on Jan. 1, 2004. He had eight years remaining on a 10-year, $10 million contract.
"By resolving this situation today, we will continue to move forward in our important mission of providing students with the best education possible," said Dr. Greg Geoffroy, university president.
The monetary settlement "resolves all matters," said Steve Zumbach, the university's attorney.
"This matter needed to be brought to a close. If allowed to continue, that damage would have been irreparable," Zumbach said.
Zumbach said it has been one of the most divisive issues that has confronted the university during his 35-year tenure.
As part of the settlement, Eustachy will receive the university's health benefits over the next year. Those benefits include coverage for treatment of alcoholism, Zumbach said.
"This decision now allows our basketball program to move forward and supports Mr. Eustachy and his family in his struggle with alcohol," Geoffroy said.