UPDATE: Murray State Athletic Director Allen Ward has issued a statement on Head Basketball Coach Steve Prohm taking the head coaching position at Iowa State.
“I want to thank Coach Prohm for a tremendous four years and wish him the best at Iowa State,” Ward said. “I have no doubt he’ll be successful with the Cyclones. He’s a class individual and represented Murray State proudly. I will always be grateful for his service.
Because of the unusual timing of this move, it’s in our best interest to move very quickly to find a replacement. I’ll be visiting with Murray State President Dr. Davies this afternoon to determine our course of action. Murray State has been fortunate to have success for many years under the leadership of some of the most talented coaches in all of college basketball, this time around will be no different. It is our goal to find an individual that embodies what Murray State is all about and will embrace the expectations we have for this program. The future is bright for Racer Basketball.”
Original story: According to CBS Sports Murray State men's basketball coach Steve Prohm is leaving to take the top job at Iowa State University.
Murray State’s Steve Prohm has reached an agreement to become Iowa State’s next head coach, a source told @CBSSports. Story coming.
— Gary Parrish (@GaryParrishCBS) June 8, 2015
This spring, Prohm signed a four year contract with MSU for an annual salary of $500,000 plus bonuses, the highest paid basketball coach in MSU history.
Murray State President Bob Davies said on Friday that Prohm's buyout would be $490,000 in the first three years of his contract. Davies comments came at the university's Board of Regent's meeting on Friday.
Prohm will replace Fred Hoiberg who left Iowa State to coach the NBA's Chicago Bulls. According to the Des Moines Register Hoiberg was making more than $1.8m per year. Murray State nor Iowa State officials have issued any formal comment.
Prohm has been the Racer's head coach since May of 2011. He'll be leaving the Ohio Valley Conference for the Big 12.
This story will be updated.
