Indiana coach Mike Davis — already the subject of speculation surrounding the Missouri vacancy — is about to end his contentious tenure in Bloomington.

From the Indy Star’s Terry Hutchens.

Mike Davis has resigned as Indiana University basketball coach, effective at the end of the season, a source close to the basketball program told The Star on Wednesday night.

Davis will meet with athletic director Rick Greenspan on Thursday morning. A news conference is expected to follow that afternoon.

Davis is in the fourth year of a six-year contract he signed following IU’s trip to the national championship game in 2002. Davis has a base salary of $225,000 and outside income that brings his total package to $800,000 per season.

Another source confirmed that IU officials had been working on a settlement prior to Wednesday’s game at Penn State.

The Hoosiers lost to Penn State earlier this evening, 71-68.

On a conference call earlier this evening, Oklahome State coach Eddie Sutton said he’d be seeking treatment for a drinking problem (though the driving problem seems to have played a part in this, too). Earlier tonight, and ESPN Radio both reported that Sutton would announce his resignation, but that doesn’t appear to be the case.