According to Chad Leistikow of the Des Moines Register, Iowa basketball is on the hook for the entirety of the $4.26 million contract buyout to former head coach Fran McCaffery. Leistikow reports that the contract extension McCaffery signed with Iowa in 2021 does not include a reduction clause with McCaffery taking another job.

Penn has hired Fran McCaffery as its men's basketball coach, two weeks after he was fired at Iowa in a season where the Hawkeyes won their fewest games and had their lowest Big Ten regular-season fini

Penn is hiring former Iowa coach Fran McCaffery as its next basketball coach, the school announced Thursday. McCaffery, 65, graduated from Penn in 1982 and began his coaching career there as an assistant.

Ben McCollum and his family pulled up to Carver-Hawkeye Arena as passengers in a black Chevy Suburban 15 minutes before his scheduled introductory news conference as Iowa’s new men’s basketball coach on Tuesday.

New head coach Ben McCollum's Iowa roots are "a special part of the story," but athletic director Beth Goetz said he was hired to lead the men's basketball team because he is "a proven winner."