Colorado State basketball coach Larry Eustachy has resigned, the school announced Monday in a press release.
He'll formally step down at the end of his current contract year and will remain on paid leave until June 30. He'll receive $750,000 divided into three payments over the next two years.
"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," Eustachy said in the release. "Likewise, this also gives me a chance to hit the reset button and then put all my energy into future opportunities.