It will be Archie Miller or Chris Mack, both are underpaid and would take it. The pro guys are blog fodder and Alford already has a better gig. By the way, Alford thanks IU in advance for the raise.
If UCLA doesn't make it to the Final 4 this year Alford will be on the hot seat, and will return next season with a worse team, a lower buy-out and a bunch of angry alums who are ready for him to leave. UCLA is a better job in a vacuum – I agree with you there – but it's probably not a better job for Alford in 2017 or 2018.
Archie Miller is a really good coach who gets the most out of his talent but a big part of the job at Indiana is recruiting, and even by Dayton's standards Miller's not particularly impressive there. The highest-ranked class he's ever gotten is 78th and most of his good pulls are from the DMV and Carolinas. He doesn't do much in the midwest.
I think they'll try to get Stevens or Donovan first, and when that doesn't work they'll kick the tires on Hoiberg. They'll make a run at Marshall, who is probably the best still-coaching-college candidate. If he says no I think Tony Bennett would be next in line. If he says no, then we get to this group:
- Chris Holtman (Butler)
- Chris Mack (Xavier)
- Archie Miller (Dayton)
- Chris Collins (Northwestern)
- Will Wade (VCU)
- Kevin Keatts (UNCW)
Mack is the best recruiter, and most proven of that group, but he's never gotten over the hump. Holtman is, I think, an excellent coach and he recruits Indiana VERY well, which matters a lot to the Hoosiers faithful (as it should). Collins has done the impossible in leading Northwestern to the tournament, winning in the Big 10, etc – it's stunning, really. He also recruits the hell out of Chicago and northern Illinois, which is just as important as Indiana from a practical standpoint, if not an emotional one.
Miller I mentioned above. Wade is, I think, an excellent up-and-comer but is less of a sure thing than the other guys on the list. Keatts, like Wade, has done really good work but his track record as a head coach is only a few years long.
I'd probably aim for Holtman, to be honest. He's legit.
EDIT: And fwiw if I was Georgetown I'd go hard for Keatts. And personally as a child of the '80s, when Georgetown, Indiana and UNC were the three biggest names in college hoops, I'd love to see both the Hoosiers and Hoyas get back to being top 15 teams every year. I hope they both make good hires because they're fun to hate.