Crean would have to pay Indiana $3M for early opt out

Updated: April 4, 2008, 4:35 PM ET
Associated Press

INDIANAPOLIS -- Indiana is serious about keeping new basketball coach Tom Crean.

Under a preliminary deal between Crean and the university, Crean would owe $3 million if he resigns in the first three years of an eight-year contract. The amount lowers to $2 million in years four and five. It would be $1 million the last three years of the deal.

The contract is worth more than $18 million.

Indiana agreed to pay $650,000 to help buy out Crean's contract at Marquette, where he was signed through 2017.

The Indiana deal calls for Crean to receive an annual base salary of $600,000 and more than $1 million a year for promotional appearances and other off-court work.

A final contract is expected to be signed by May 15.


Copyright 2008 by The Associated Press

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