The story was there were a couple schools considering him before the extension was signed. I don't believe they were in a power 5 conference though. Outside of the buyout, at that time, it was the right move. It's easy for some to look back now and say that was a poor choice, or even not the best choice, but it really was a good move based on the results of that time. It had even been discussed here that the constant turnover of coaches, including the head coach was a factor in IU's problems.