UNLV coach T.J. Otzelberger is predicted to be named the following coach at Iowa State, sources confirmed to CBS Sports activities on Wednesday. The information was first reported by the Las Vegas Evaluate-Journal.
Sources added that these inside UNLV’s athletic division and males’s basketball program consider the transfer is imminent. Barring any last-minute vital barricade, Iowa State has secured its subsequent coach. The 43-year-old Otzelberger spent the previous two seasons in Las Vegas, going 28-29. Previous to that he coached South Dakota State for 3 seasons and made two NCAA Tournaments with a 70-33 report.
The transfer occurred swiftly — inside 24 hours — of Iowa State formally firing Steve Prohm after his six years on the job. One supply advised CBS Sports activities that Iowa State must pay roughly $5.5 million to Prohm on account of firing him, after which might owe UNLV someplace between $4-4.5 million for Otzelberger’s buyout. On paper the buyout quantity is simply north of $3 million. The hefty million-dollar-plus distinction will depend on whether or not or not Iowa State can deal with the buyout as a enterprise expense (no tax charges would kick in) or if the transaction will get hooked up to taxable earnings (which might increase it to the $4 million neighborhood).
A timeline on the college formally asserting the Otzelberger rent is not identified; one supply speculated Iowa State would possibly delay a bit longer as to not announce a hiring so quickly after firing Prohm, along with some other key particulars that also must be organized. In September, ISU athletic director Jamie Pollard stated his athletic division was dealing with roughly a $30 million deficit on account of results from the COVID-19 pandemic. Staffers throughout the athletic division took pay cuts to stave off layoffs.
Otzelberger labored as an assistant at Iowa State from 2006-2013, then once more for one season in 2015-16 earlier than getting the South Dakota State job. One other supply added that Pollard has lengthy focused Otzelberger to be the alternative.
“It has been carried out for a few month now,” the supply stated.
Iowa State is coming off certainly one of its worst seasons in historical past, going 2-22 general and 0-18 within the Massive 12.