It's all about what you value. Indiana basketball, while disappointing, was still better this past year than the Buckeyes. But Crean was the coach who was fired. They won't put up with "just OK" from their basketball program in Bloomington.
My question about Thad now is what happens if the Buckeyes, who will have a very experienced roster even without Thompson, finally end the six-year string of worse records next year, but with something like a 10-8 Big Ten record and a #9 seed in the NCAA tournament? I don't think that's going to excite fans or serve as much evidence that the tide has turned, but PR wise it won't be easy to fire a coach on the heels of improvement.
This has never been a school that's been quick to pull the trigger on a basketball coach. Leaving aside the special case of Jim O'Brien, the last three coaches we've had who have been fired (Ayers, Miller, and Taylor) were all let go several years after the peaks of their tenures.