After months of disappointing losses and shattered NCAA Tournament hopes Hoosiers fans will get to see Mike Woodson’s time as head coach come to an end. The Indiana legend, at 66, will reportedly retire after this season and conclude a four-year episode of long struggle stretches. Yet this is not the clean break it seems thanks to the $8 million buyout that has people buzzing.
Woodson’s contract, which was renegotiated just last year, has a significant buyout clause. If Indiana were to fire him, they’d need to pay the full remaining balance—around $8 million. Thankfully (or perhaps not), the university can pay this off in $1 million annual installments. But this setup has raised questions. Why hasn’t Indiana moved on from Woodson sooner? The money, of course, plays a big part in that decision.
As Jacob Goins, host of Locked On Hoosiers, pointed out, the situation is a bit of…
