FORT COLLINS, Colo. (AP) — Larry Eustachy has agreed to step down as men’s basketball coach at Colorado State, ending a “climate assessment” of the program led by athletic director Joe Parker. Eustachy agreed to resign and amend his contract, which will now pay him $750,000 in three installments over the next two years. He’ll remain on paid leave until June 30, at which time he’ll formally resign, the university announced Monday. The assistant coaching staff will be retained through the end of June.

Eustachy’s decision to resign and amend his contract means there will be no conclusions or recommendations associated with Parker’s investigation into Eustachy’s behavior and interactions with players and staff, the school said.
Parker has not divulged what prompted the investigation.

Eustachy was in his sixth season at Colorado State, which first looked into his behavior in 2013-14 when Jack Graham was athletic director. That investigation determined Eustachy emotionally and verbally abused his players and created an atmosphere of fear and intimidation, but he retained his job.

In a statement Monday, Eustachy said he was honored and thankful to serve as the Rams’ coach but added, “At the end of the day, it is time for me to step aside and allow Colorado State to open a new chapter of Rams basketball. Likewise, this also gives me a chance to hit the reset button and then put all my energy into future opportunities.”

Eustachy was 122-79 at CSU and is 524-337 in 27 seasons at Colorado State, Southern Mississippi, Iowa State, Utah State and Idaho. His best season was 1999-2000, when Eustachy had Jamaal Tinsley and Marcus Fizer running the show and helping Iowa State to a 32-5 record, along with a spot in the Elite Eight. For that, Eustachy was named AP coach of the year. Shortly after his resignation at Iowa State in 2003, Eustachy went into rehabilitation to treat alcoholism.