USC releases statement on Tim Floyd’s resignation as men’s basketball coach

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Full news release 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.”