Indiana has fired head basketball coach Tom Crean just as the NCAA tournament tipped off, the university announced.
The following statement was issued by the athletic director:
Crean's buyout is $4 million but would have been $1 million on July 1.
Crean has a 301–166 record in his nine seasons at the helm in Indiana. He led the team to four NCAA tournament appearances.
The Hoosiers did not make the NCAA tournament and suffered a 12-point loss to Georgia Tech in the NIT.
The search for the next Indiana head coach has already started but no search committee will be assembled.