Wichita State basketball coach Gregg Marshall has officially resigned following an investigation into claims he physically and verbally abused players.
But he's not leaving empty-handed -- the school says it reached a settlement to pay out $7.75 million to the coach over the next 6 years.
The move is effective immediately. Assistant coach Isaac Brown will take over as interim head coach.
Marshall -- who has previously denied the allegations of abuse -- issued a farewell statement on Tuesday regarding his decision to step down.
"This was a difficult decision, but one I feel was necessary for my family, the university and, most importantly, the student-athletes.