As you all know by now, IU and Kelvin Sampson reached an agreement earlier tonight. IU pays $750,000, Sampson agrees not to sue. Keep in mind that Sampson's buyout, had IU simply elected to fire Sampson without cause, would have been over $2.5 million, so this settlement figure, while not small, is closer to $0 than to what Sampson ultimately would have received after a successful suit. Given the PR nightmare and the legal fees, this seems like a good resolution for IU. I went to dinner, so I'm still trying to catch up, but bear with me.
By John M. IU