Indiana has fired coach Archie Miller after four seasons, the school announced Monday.
The Hoosiers missed the NCAA tournament again this season, ending with six straight losses to finish 12-15.
Athletic director Scott Dolson released a statement confirming Miller's firing, saying that "private philanthropic funding" paid for Miller's buyout, which was more than $10 million.
"As the Director of Athletics, I wanted to wait until the conclusion of the season before evaluating the leadership of our men's basketball program," Dolson said. "In the days following the completion of our season in the Big Ten Men's Basketball Tournament, I have spent a great deal of time evaluating our recruiting, student-athlete development, leadership development, and playing philosophy and strategy.