USF Statement On Retracting Job Offer to Masiello

USF released a statement about just after noon about retracting the coaching offer to Steve Masiello. As has been reported by over 100 news outlets (thanks Google News!), Masiello didn't graduate from the University of Kentucky, as he had stated on his resume and as had been published on the athletic websites of his previous two jobs, Louisville and Manhattan. Tampa Bay Times' Joey Knight tweeted USF's statement earlier.

Statement from #USF: During the search for a new men's basketball coach, an agreement in principle was reached by USF and...Steve Masiello..

— Joey Knight (@TBTimes_Bulls) March 26, 2014

The agreement was pending a verification of credentials. Through the verification process it was determined the candidate's credentials...

— Joey Knight (@TBTimes_Bulls) March 26, 2014

could not be substantiated and therefore he did not meet the requirements for the position. The national search continues and USF...

— Joey Knight (@TBTimes_Bulls) March 26, 2014

looks forward to introducing a new coach at the appropriate time.

— Joey Knight (@TBTimes_Bulls) March 26, 2014

USF back to square one, unless squares can be negative numbers. Knight also posted a list of potential coaching candidates.