IU pulls out of 2017 2K Sports Classic, owes $250000 – Indianapolis Star
COLUMBUS, Ohio â Indiana has pulled out of next seasonâs 2K Sports Classic, and it will cost the school $250,000 to do so.
The Hoosiers were committed to participating in the New York-based nonconference tournament, which hosted IU in 2013-14 as well. Indiana would have appeared in two games at Madison Square Garden against a fieldÂ including Providence, Virginia Tech and Washington, with two more games hosted at Assembly Hall.
âWe had scheduling conflicts, and are making adjustments, as the schedule is still a work in progress,â a program spokesman said, confirming the move.
Jon Rothstein of FanRag Sports, who initially reported IUâs withdrawal from the event, reported Saint Louis will replace the Hoosiers in the four-team field for the Classicâs semifinal and final rounds.
According to a contract signed between Indiana and The Gazelle Group, the eventâs organizer, IU must signal its intention to withdraw 270 days before the start of the event. And the contract states that âthe terminating party shall pay the nonterminating party $250,000 upon notice of such termination.â
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IU will owe the $250,000, but expects to recover most or all of that penalty with revenue gained from the addition of another home game to the nonconference schedule.
Itâs not immediately clear whether Indiana intends to replace its New York trip with another potential marquee nonconference opportunity, something athletic director Fred Glass has committed to ensuring annually.
The Hoosiers are already scheduled to participate in the ACC/Big Ten Challenge and the Crossroads Classic (against Notre Dame next season), and also have a road date with Louisville scheduled for 2017-18.
Big Ten play is expected to begin sometime in early December, with the 2018 Big Ten tournament moved up a week so that it canÂ be held at Madison Square Garden.
Follow IndyStar reporter Zach Osterman on Twitter: @ZachOsterman.