Bloomington, Ind. – Rob Senderoff is scheduled to receive approximately $66,000 as part of his severance package from Indiana University after voluntarily resigning his position as IU men's basketball coach Monday.
HoosierNation.com received a copy of the severance agreement Wednesday through a Public Records Act request.
The severance package includes a $46,000 payout, while Senderoff is also due $19,915.13 in paid time off and holiday hours that he's accrued during his time with the men's basketball staff.
While both parties are precluded from talking publicly about the agreement, there are no provisions that suggests Senderoff would forfeit any part of the payout if he were to talk publicly about his departure from the University or the IU basketball program.
Indiana University, meanwhile, has stated in the agreement that they've conducted a "thorough investigation into possible violations of NCAA Bylaws" and at this time has not determined that Senderoff violated the NCAA's provisions for either ethical or honest conduct (Bylaws 10.01.1 and 10.1).
In addition, the University agrees that if it is contacted by potential future employers, it will state that Senderoff voluntarily resigned and that his resignation was not a result of any NCAA violations.
Coach To Get Nearly $66,000 In Severance Deal
Peegs.com Top Stories
Nelson couldn't pass on opportunity at IUMiami RB Craig Nelson spoke to Peegs.com about his decision to commit to Indiana.
Miami RB commits to the HoosiersIndiana has picked up a commitment from Miami running back Craig Nelson.
2017 Defensive Hot BoardPeegs.com takes a look at who some of the top remaining defensive targets are for Indiana with our updated 2017 Defensive Hot Board.
Coach Crean Verbatim: Michigan StatePeegs.com has the transcript of what IU head coach Tom Crean said after Indiana's 82-75 win over Michigan State yesterday.