A search firm will help Indiana University land its next men’s basketball coach.
IU will use the services of Parker Executive Search to find a replacement for former coach Tom Crean, the Herald-Times has learned. Parker has long been an industry leader, helping schools such as Indiana coordinate interviews, conduct background checks and provide cover for schools and coaches so that all communication can be conducted with a cloak of confidentiality.
According to the firm’s website, Parker completes most coaching searches within 10 to 14 days. IU’s use of Parker was first reported Sunday by Rick Bozich of WDRB Louisville.
This won’t be Indiana’s first time working with Parker. The school also retained its services during the hiring process for former coach Kelvin Sampson. On its website, Parker lists Vanderbilt, Chicago, Washington, Pennsylvania, Oregon, Notre Dame, Buffalo, Northwestern, North Carolina State and Dartmouth among the schools and organizations it has partnered with in the past.
This month, Missouri paid Parker $80,000 to assist with its men’s basketball coaching search. Missouri hired former California coach Cuonzo Martin last week.
According to a 2013 feature story on the firm written by ESPN’s Dana O’Neill, Parker typically charges schools between $60,000 and $90,000 for its services. In exchange, the firm handles all calls regarding the vacancy, provides schools with a comprehensive database of information on coaching candidates and negotiates contract terms on behalf of the school, among other duties.
Parker helps the school identify “A” candidates, which are ones the school wants but isn’t sure it can get, and “AA” candidates, which are ones the school is interested in, according to O’Neill’s story.
Confidentiality is one of the perks a firm like Parker can help provide. For instance, as O’Neill’s story notes, Parker usually flies candidates to Atlanta, where the company is based, because it is a common layover city. That gives the parties involved a quick alibi.
“I don’t think we can overstate what a big deal this hire is,” IU athletic director Fred Glass said at a press conference Thursday. “I’m not going to really spare any resource to get the advice and input from the people we need. Some of that costs money, like a search firm. Some of that doesn’t cost money but it requires time.
“I want to talk to former players. I want to talk to Indiana high basketball coaches. I want to talk to AAU coaches. I think a great part of this job, from where we sit in this recruiting area in the Midwest, generally Indiana, in particular, so the thoughts of those people are important. We are going to comprehensively get all the information we can get and, I hope, make a great choice here.”