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05-05-2003, 06:41 PM
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General Manager
Join Date: Nov 2002
Location: The Town of Flower Mound
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Eustachy resigns
I thought resigning wasn't his style???
--------------------------------------------------------- Settlement ends Eustachy's tenure as coach 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.
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UTEP Miners!!! I solemnly swear to never cheer for TO |
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05-05-2003, 07:30 PM
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This guy has posted so much, his fingers are about to fall off.
Join Date: Nov 2000
Location: In Absentia
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Can I get drunk and embarrass myself and collect $800K please?
Gotta love contracts. No wonder very few of us actually get one.
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M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete." |
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05-05-2003, 08:18 PM
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Strategy Moderator
Join Date: Nov 2001
Location: North Carolina
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Quote:
let me get this straight: 1. Get drunk 2. Try to pick up much younger chicks 3. Get $960,000 4. get next 10 years off. not bad!
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Quote:
Last edited by cthomer5000 : 05-05-2003 at 08:19 PM. |
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05-05-2003, 08:20 PM
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General Manager
Join Date: Nov 2002
Location: The Town of Flower Mound
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Well, that is less than a years salary for him...
Shit, I wouldn't do just to get 1/10th of that money...
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UTEP Miners!!! I solemnly swear to never cheer for TO |
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