Crean Officially Signs 10-year Deal With Indiana

Bloomington, IN -- (Sports Network) - Indiana University made it official with new men's basketball coach Tom Crean on Tuesday, signing the former Marquette mentor to a 10-year contract.

Crean left Marquette in April to join Indiana, and on Tuesday inked a deal that will pay him $600,000 per year in base salary with an additional $15.72 million in outside marketing and promotional income during the life of the deal. The agreement is retroactive to April 2, 2008 and expires on June 30, 2018.

"I left a very special situation at Marquette when Indiana offered me this opportunity," said Crean. "I wanted to make sure that if I left, I would be going to a place that would be a destination for my family and allow me to build a program for the long haul with the same security."

Crean compiled a record of 190-96 at Marquette, including a 25-10 record last season. The Golden Eagles reached the second round of the NCAA Tournament, falling to Stanford in overtime.

Marquette earned five NCAA Tournament bids during Crean's tenure, highlighted by a Final Four appearance in 2003. It was the first Final Four run for the Golden Eagles since the 1977 team captured the national championship.

The move also marks a return to the Big Ten for Crean, who was an assistant under Tom Izzo at Michigan State for four seasons before taking the Marquette job.

Crean had initially agreed to an eight-year deal with the Hoosiers.

"I appreciate the confidence that President McRobbie and the university have shown in me by offering the two additional years to the agreement," Crean added. "It is a great responsibility to lead this program and I look forward to the challenge of bringing the program the respect it deserves. The process of restoring this great program is going to take a lot of time, more than probably any of us anticipated."

Crean will take over a program that faces NCAA sanctions in the wake of violations under Kelvin Sampson's watch last season. Sampson was forced to resign in February and Dan Dakich took over on an interim basis as the Hoosiers finished a 25-8 campaign with a loss to Arkansas in the first round of the NCAA Tournament.

Should Crean decide to leave Indiana, he would owe the university $3 million after years one through three of the agreement, $2 million after years four through five, and $1 million for years six through 10.