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Larry Eustachy resigns as Colorado State head coach

He will receive a $750,000 settlement.

NCAA Basketball: Air Force at Colorado State Ron Chenoy-USA TODAY Sports

Larry Eustachy has resigned as head coach of Colorado State, according to Matt Stephens of the Denver Post. Eustachy will receive a $750,000 settlement from the university as part of his resignation.

Eustachy was placed on administrative leave on February 3 as the university conducted an investigation into the “climate of the program”. Eustachy had been investigated in 2013-14 for creating a culture of fear and intimidation of his players.

Colorado State is in the midst of a disappointing season, and the controversy around the situation has kept the program in flux. The Rams are just 11-19 this year after going 24-12 last season.

In his time at Colorado State, Eustachy went 122-79 over six seasons that included a NCAA Tournament bid in 2013.