Indiana has engaged a search firm to assist in its process of hiring the next IU men’s basketball coach, industry sources tell Peegs.com.
IU will utilize Parker Executive Search, which has been hired by a number of colleges over the years to assist in hiring high-profile coaches in jobs where contracts are in the millions-of-dollars-per-year range, according to multiple industry sources.
Search firms can provide a vast array of services, all of which are done in a confidential manner.
Industry sources say IU doesn’t need a firm to identify candidates but more to help facilitate communication, do background checks and things of that nature.
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Parker claims it can complete most coaching searches in “10 to 14 days.”
Indiana fired Tom Crean on Thursday, March 16.
Fees for a search firm have a wide range, depending on services provided. A recent example would be Missouri, which paid a search firm $80,000.
Parker has been involved in searches at N.C. State, Oregon, Buffalo, Dartmouth, Notre Dame, Washington, Vanderbilt, Northwestern and other schools according to its website.