Michigan State has sent out a press release confirming the news that Tom Izzo is staying at the school. Izzo's quotes from the release are below, and you can check out the quotes from MSU athletic director Mark Hollis and MSU president Lou Anna K. Simon here.
"It's been an agonizing week as I tried to make a decision about a once-in-a-lifetime opportunity. I apologize for the time the process has taken, but sometimes there are opportunities that come about that must be thoroughly examined. I'm no different than any other successful coach in that I've had multiple inquiries before, but this one was uniquely intriguing. There was a lot of information to gather and consider and some of it wasn't easily obtainable. But when making a life decision, I owed it to myself and my family to do my due diligence. From that I never wavered. And I'm pleased to say I am here for life at Michigan State.
"Throughout the entire process, Dan Gilbert and the entire Cleveland organization has been nothing but class. His professionalism and caring nature for me, my family and Michigan State have been impressive. I wish him nothing but the best in his quest to win a world championship. Just as I decided to stay home, I hope a 6-8, 270-pound forward in Cleveland decides to stay home.
"We have a great team returning next year with incredibly high goals. I've repeatedly said I have greater goals for our program and that remains unchanged. Tops on that list is becoming one of just seven schools with three or more NCAA Championships. I'm also driven to continue to raise the perception of our program to an elite level.
"The entire Michigan State community has been terrific. I'm almost embarrassed by some of the acts of support, but I'm certainly touched. I tried to approach this decision in a rational manner, but my heart was always at MSU.
"My goals are not limited to Spartan basketball. I want to do whatever I can to make our entire athletic department and university better. Most important is helping Mark Dantonio and his football team attain its goal of winning a Big Ten Championship and playing in the Rose Bowl."
Izzo will also speak at a press conference at 8:30. You can watch the presser on the Big Ten Network and continue to check in with SB Nation Detroit for the latest updates on Izzo.