Larry Eustachy, formerly the head coach of Colorado State, has officially given up and removed himself from the university.

Oddly enough, his resignation comes with a settlement attached to it.

Apparently, he will receiver $750,000.

It was previously reported that he was actually fired. 

Nevertheless, this is a stunning fall from grace, as Eustachy was the AP Coach of the Year in 2000.

Colorado State head coach Larry Eustachy was under investigation for the second time in four years for behavioral issues.

“We can’t give a guy a zero-tolerance policy in 2014, have the conduct continue in 2018 and then just give him another warning,” a source told the Denver Post.

This was the second investigation into the coach in four years, as he was looked into in 2013-14 after allegedly creating a “culture of fear and intimidation.”

According to initial reporting, first surfacing last week thanks to Justin Michael, the majority of players have come out against Eustachy.

Former Rams athletics director Jack Graham was the one who hired the maligned head coach. Following the first investigation, he recommended Eustachy be fired. However, the university decided to instead send him to anger management classes.

Of note, the university inserted a zero-tolerance policy when allowing him to retain his job. This has, obviously, triggered that part of the agreement between the school and coach.

Embattled in scandal, basketball coach calls it quits David Becker/Getty Images
Joseph has been covering college basketball for nearly a decade. He's also the co-host of the Off The Wall podcast. Marty Jannetty is better than HBK.
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