"As of 1 p.m. today, I am resigning as head basketball coach at the University of Southern California," wrote Coach Floyd in the letter. "I 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 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."
Things took a turn for the worse back on May 12th due to an investigation by Yahoo! Sports, with Louis Johnson, once a friend of OJ Mayo, alleging that Floyd gave runner Rodney Guillory $1,000 to funnel to Mayo. Guillory, who worked for the Bill Duffy Sports Agency, eventually delivered the prospect to Duffy's agency when he declared for the NBA Draft. The NCAA combined the investigation of Mayo with that of former football star Reggie Bush, who is alleged to have received illegal benefits in the six-figure range while playing for the school.
Floyd leaves USC with a record of 85-50 over four seasons at the school, and an overall mark of 328-180 in sixteen seasons at the collegiate level. Coach Floyd also had head coaching stints in the NBA with Chicago and New Orleans, but it remains to be seen what his next move could be. Last year Kelvin Sampson left Indiana amidst an NCAA investigation and became an assistant for the Milwaukee Bucks. According to Garrett the Trojans will begin their search for a new head coach immediately, and it remains to be seen what happens in regards to roster turnover.
Yesterday, Derrick Williams (La Mirada, CA) was the third player released from his commitment to the program. Lamont Jones (Harlem, NY) and Noel Johnson (Fayetteville, GA), both Top 75 prospects according to Rivals.com, had also been released in recent weeks. This leaves the less heralded Evan Smith (Calabassas, CA) as the lone remaining freshman on USC's roster. (Besides those official losses, there was also the decision back in April of potential super-signee Renardo Sidney to look elsewhere.)
Adding to the bad news for USC fans, big man Taj Gibson decided to remain in the NBA Draft despite having little shot of getting drafted in the First Round.
And with it being unknown what the end result of the investigation will be, expect a long, tough search for a new head coach.