Floyd submitted a one paragraph letter of resignation to USC athletic director Mike Garrett, which read:
"As of 1 p.m. today, I am resigning as head basketball coach at the University of Souithern California. I deeply appreciate the opportunity afforded me by the university, as well as the chance to know and work with some of the finest young men in college athletics. Unfortunately, I know longer feel I can offer the level of enthusiasm to my duties that is deserved by the university, my coaching staff, my players, their families, and the supporters of Southern Cal. I always promised my self and my family that if I ever felt I could no longer give my full enthusiasm to a job, that I should leave it to others who could. I intend to contact my coaching staff and my players in coming days and weeks to tell them how much each of them means to me. I wish the best to USC and to my successor."
Well that is that...
I will have more later
UPDATE I:
Here is the official announcement from USC.
The University of Southern California today announced that its men's basketball coach, Tim Floyd, has resigned.
In his letter of resignation, which was published by the Clarion-Ledger newspaper in Mississippi, Mr. Floyd stated, “As of 1:00 p.m. today, I am resigning as head basketball coach at the University of Southern California. I deeply appreciate the opportunity afforded me by the university, as well as the chance to know and work with some of the finest young men in college athletics. Unfortunately, I no longer feel I can offer the level of enthusiasm to my duties that is deserved by the university, my coaching staff, my players, their families, and the supporters of the University of Southern California. I always promised myself and my family that if I ever felt I could no longer give my full enthusiasm to a job, that I should leave it to others who could. I intend to contact my coaching staff and my players in coming days and weeks to tell them how much each of them means to me. I wish the best to USC and to my successor.”
USC Athletic Director Mike Garrett accepted Mr. Floyd’s resignation and said that he will quickly begin the search for a new head basketball coach. Mr. Garrett stated: “I accept Tim’s decision and wish him well.”
Todd Dickey, Senior Vice President - Administration said, “The University is cooperating fully in the continuing investigation with the NCAA and Pac-10 into all allegations of NCAA and Pac-10 rules violations at USC. The University, the NCAA and Pac-10 have jointly conducted interviews of approximately 50 witnesses. No conclusions have yet been reached.
“At this point,” he stated, “it would be both inappropriate and premature to comment further.”
UPDATE II:
And let the speculation begin as to who will replace Floyd as coach...
Pittsburgh Coach Jamie Dixon, who grew up in the San Fernando Valley and was a standout at Sherman Oaks Notre Dame, would be the first choice of some USC basketball fans when the school begins its search to find a replacement for Tim Floyd, who reportedly resigned Tuesday.
Another logical candidate would be Oregon State Coach Craig Robinson. More possibilities: Former Sacramento Kings Coach Reggie Theus, St. Mary's Coach Randy Bennett and Virginia Tech Coach Seth Greenberg.
SC isn't getting Dixon...he isn't that crazy with all that is happening now. Robinson won't bolt for another Pac-10 school...that is not his way. The others won't be interested because of all the uncertainty. And I highly doubt Monty will leave Cal...so put that one away. We are are officially in basketball pergatory so buckle up because SC isn't getting anyone of substance as long as the NCAA is circling overhead.