(WVLA) LSU has suspended head basketball coach Will Wade in the wake of accusations of paying players posted in an article Thursday by Yahoo! Sports.

LSU President and Chancellor F. King Alexander and Athletic Director Joe Alleva released a statement Friday announcing that Wade had been suspended indefinitely.

The statement reads in part:

“Recent media reports regarding Coach Will Wade are without question concerning to all of us. As such, we and university officials have taken deliberate and purposeful steps to fairly assess and adequately address this situation.”

The statement goes on to say that the university is fully cooperating with the NCAA and are reporting all facts and information on the matter.

That Yahoo report contained transcripts of an allegedly phone call between Wade and a college basketball middleman who is currently on trial in relation to bribery charges and corruption within college basketball recruiting.

LSU has announced assistant coach Tony Benford will take over the duties of interim head coach for the time being.