Majewski’s Tweet came in response to ESPN’s Jeff Borzello giving details about Woodson’s buyout. There are two problems with Bruce Pearl coming to Bloomington: He’s employed by Auburn and Indiana has a head coach.
A Silver Lining in Buyouts
If the Hoosiers want to make this happen, there is a silver lining regarding the buyouts from former coaches. First, former football head coach Tom Allen agreed to reduce his buyout to 15.5 million dollars from 20.8 million. Second, donors handle former basketball coach Archie Miller’s 10.3 million dollar buyout.
After Allen receives his second lump-sum buyout payment this year, Indiana is done paying him. Mike Woodson’s 12.6 million dollar buyout can be paid in annual payouts of one million dollars, which would ease the burden of his settlement. Potentially, that could open the door to hire a new head coach.