"Effective today (Tuesday), I have resigned the position of head basketball coach at the University of North Carolina. Clearly, this has been a most difficult day for my staff, our families and for me.
"Our responsibility has been immense given the outstanding history of the University of North Carolina, both academically and athletically. I have always recognized and taken very seriously the responsibility entrusted to us as a coaching staff. That responsibility extends to our players and our fans. And, ultimately, to the tradition I have personally be a part of since 1980.
"I thank the players, the coaches and their families, and the administrative staff for their dedication and hard work. I would also like to express my appreciation to the students and fans that made the Smith Center such an exciting place to be this season. I continue to wish the best for this program and this university."
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