BREAKING: Indiana Hoosiers Head Coach Mike Davis Resigns or not?

Seth Davis writes that Indiana University Hoosiers Head Coach Mike Davis has resigned. Davis said on Monday that he plans to resign but it looks like he may have flip-flopped on his comments

Mike Davis has resigned as coach at Indiana but will stay on for the remainder of the season, a source in the IU athletic department with knowledge of Davis' situation told SI.com. The source added that the university hopes to have a news conference in Bloomington to discuss details of Davis' termination as early as Thursday.

According to the source, Davis informed Indiana officials of his decision more than a week ago and Davis' attorney and the university subsequently negotiated the terms of his departure, which were finalized this week.

Davis' resignation brings an abrupt end to his turbulent six-year tenure as Indiana's head coach. He spent three years as an assistant before taking over the program after Bob Knight was fired in September 2000. Davis led the Hoosiers to the NCAA championship game in 2002, where they lost to Maryland, but his support among fans and boosters plummeted as IU failed to qualifty for the NCAA the last two years.[...]

But on Tuesday, Davis seemed to reverse himself.

"I'm not quitting. I'm going to coach the remainder of the season," he told Sporting News Radio. "We're right there at making the tournament; we're right there. Now someone has to lose for us to have a chance to win the conference championship, but everything is right there."

Expect Steve Alford, coach of the Iowa Hawkeyes, to take over next season. Orlando Magic assistant Randy Wittman may be another likely choice.

To the Hoosier fans, we feel your pain here in Big Blue Nation.

Current word has it that Eddie Sutton will resign. His career is over as far I am concerned.