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Thursday, July 28, 2016

Eustachy gets new contract to stay at ISU

Thursday, March 8, 2001

AMES - Iowa State has reworked the contract for men's basketball coach Larry Eustachy, a move athletic director Bruce Van De Velde said would ensure that Eustachy remains at the school "for the foreseeable future."

Van De Velde said other schools had contacted Eustachy about coaching jobs and he wanted to make sure Eustachy was satisfied at Iowa State.

Eustachy said he was.

"I was flattered by it," he said. "I've just stayed with what I originally said. This is my last job. It did catch me off guard, but it's a nice way to be caught off guard."

Eustachy last March signed a 10-year contract that pays him an average of $900,000 a year. That contract was negotiated by Van De Velde's predecessor at Iowa State, Gene Smith.

Van De Velde said salary was part of the new contract but declined to give specifics on that or reveal other details of the agreement.

"I can't tell you how much or what right now," he said. "But we have reached terms."

Van Velde would not say what other schools had approached Eustachy, who was The Associated Press national coach of the year last season and has guided Iowa State to the last two Big 12 regular-season championships.

Read the rest of this story in the 3/8 Pilot Tribune.

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