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The open-ended deal with Indiana calls for a salary of $410,000 a year, IU spokesman Larry MacIntyre said. Greenspan was paid $275,000.
"In our discussions, I was greatly impressed that Fred not only understood the challenges before our intercollegiate athletics program but also the importance of IU athletics being an integral part of the life of the entire university," McRobbie said.
Glass' first task will be wiping away the stain of scandal.
The Hoosiers' reputation took a major hit when former coach Kelvin Sampson and his staff were accused of making more than 100 impermissible phone calls while Sampson was still under NCAA sanctions for a similar scandal at Oklahoma.
In February, the NCAA accused the school of five major violations before later reducing one to a secondary charge.
On the day Greenspan announced his resignation, the school was hit with another major allegation: failure to monitor.
"I think it's almost immeasurable, not only for basketball, but it's almost worse for the university," Glass said. "Basketball may be the easiest fix because we've got a dynamic coach. But people around the country don't like wearing IU stuff and having people coming up and making comments because of what's happened."
Greenspan orchestrated a major housecleaning. He imposed penalties that included the loss of a scholarship for this season and a one-year extension of the NCAA's recruiting sanctions, got rid of Sampson and all of his assistants and restructured the compliance department. Only two players are back from last season's team.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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