- Associated Press - Thursday, October 28, 2010

Binghamton University has bought out the contract of former men’s basketball coach Kevin Broadus, who guided the team to its first NCAA tournament berth and presided over its rapid demise.

In exchange for his resignation and withdrawal of all claims and potential future lawsuits, Broadus will receive a $1.2 million settlement. According to a release from the school, Binghamton University will pay $819,115 and the State University of New York will pay $380,884.

Broadus filed a racial discrimination lawsuit in March and one of his attorneys had asked for his reinstatement after the NCAA announced last week that an investigation found no major violations during Broadus’s tenure.

Broadus was hired in 2007 and last year signed a contract extension through the 2013-2014 season on the heels of a season that featured the team’s first-ever conference championship and NCAA Tournament berth.

The program was hit hard after star guard Emanuel Mayben was arrested just over a year ago on charges of selling crack cocaine. Five other players were dismissed and Broadus was suspended with pay for making illegal contact with recruits.