Larry Eustachy resigns as Colorado State basketball head coach

Eustachy will still get paid until July 1 and then receive an additional $750,000 from the university

Colorado State on Monday announced that head men's basketball coach Larry Eustachy will resign. (Michael Brian / Loveland Reporter-Herald)

FORT COLLINS — Larry Eustachy has resigned as Colorado State's head men's basketball coach, effective immediately.

The 62-year-old coach had been on paid administrative leave since Feb. 3, after the university started a climate assessment of the program Jan. 29. Eustachy and the university signed an amended contract on Monday that officially ends the coach's employment with the university on July 1. Until then, he will serve as a special assistant to…