DeLand, Fla. - Stetson athletics director Jeff Altier and Derek Waugh have mutually agreed that Waugh will step down as head coach of the men's basketball team at the end of the current season. Waugh will fulfill the remainder of his contract, one year of which remains of a two year extension signed in November 2009, by serving as an assistant athletics director.
"We certainly appreciate the hard work and dedication that Derek has brought to the basketball program over the years," said Altier. "We are pleased that Derek will move into athletics administration here at Stetson as he fulfills his contract obligation."
When the season ends Coach Waugh will have been at the helm of Stetson's men's basketball program for just under 11 seasons. He took over the team after the first eight games of the 2000-01 season. Waugh was an assistant coach for three seasons before his promotion in 2000. At the time he was the youngest Division I head coach in the country. He will step down as the most tenured coach in the Atlantic Sun Conference, the 2nd most tenured head coach in the state of Florida behind Florida's Billy Donovan (13 seasons), and 2nd all-time in coaching victories at Stetson.
"I am very appreciative of the opportunity that Stetson University gave me as a 29 year old. I've been fortunate to coach a lot of good players and a lot of great people. I had the amazing privilege of working for Coach Arnold and with Jon Coffman, Sebastian Singletary, Chris Capko, Gabe McMillen, Don Blackmon and especially Wylie Tucker who over the last 14 years has become like a brother to me."
"We have had a lot of good times and some bad times, but overall I had a fantastic experience at Stetson; most importantly, I now have a beautiful wife and three great kids as a result of being in DeLand. I am blessed", he added.
One of Waugh's strengths as a coach has been his ability to recruit. The current Stetson freshman class (Corey Walden, Luis Jacobo and Steve Forbes) was ranked #1 in the Atlantic Sun Conference for the 2010-11 season by ESPN.com. The Hatters are also set to add a pair of outstanding transfers Chris Perez and Adam Pegg, as well as current DeLand High School senior Dennis Diaz to next season's roster. Another of Waugh's strengths has been recruiting excellent student-athletes. Since taking over the program 41 men's basketball players have earned Academic All-Conference honors including 22 in the past four seasons.
"All along my intention has been to fulfill my contract and potentially a couple of years beyond, but I had already made the decision that I was not going to be a career coach", said Waugh. "Our won-loss record this year obviously played into both sides decision"
The university will conduct a national search for a new head coach which will begin immediately.
Waugh's Year-by-Year Record at Stetson
* Three games remain in 2010-11 regular season