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Sampson Resigns, Receives $750,000 Buyout

Last updated on Saturday, February 23, 2008

(BLOOMINGTON) - Kelvin Sampson is no longer Indiana University’s head basketball coach.

Sampson resigned Friday in the wake of NCAA recruiting violations. He won't walk away empty handed though. Sampson accepted a $750,000 dollar buyout - which prevents him from suing the school.

$550,000 dollars of that buyout comes from an anonymous donor.

Assistant Coach Dan Dakich will take over on an interim basis while IU searches for a new head coach.

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