No one's coughing up $12 million.
You have to keep in mind message boards are the extreme. Look at this board for crying out loud. I don't think this board represents Purdue's fan base very well.
Do I think people are thrilled with him right now? Not exactly. But there's a big difference between hot seat and firing.
March 6 - just over a week ago, IU's AD came out in full support of him and said he's a great coach. He said the team overachieved early and hit a rough patch - a season he would have "taken" if you told him at the beginning of the season. And quite frankly, IU hasn't done anything really "bad" or job-shattering since that interview.
So if his job was truly on the line, I don't think an AD would be making those kind of strong statements. Those weren't your vague "he's currently our coach" type of comments.