The head coach of the University of Miami men's basketball team is expected to resign immediately, according to multiple reports.

Larranaga, who turned 75 in October, has been coaching for five decades and was under contract through the 2026-27 season. He lamented how the sport has changed with NIL and the transfer portal, saying he was “exhausted” and felt he was no longer fit to continue in the profession he loved so much.

Jim Larrañaga stepped down as Miami men’s basketball coach Thursday, resigning less than two years after he led the school to its first Final Four appearance. He announced the decision during a news conference at Watsco Center in Coral Gables, Florida, where the team plays.

On Thursday, a true legend of coaching in college basketball decided to step down effective immediately after a coaching career that spanned nearly four decades. Miami Hurricanes head coach Jim Larranaga has been a mainstay of college basketball for quite some time now,

Jim Larrañaga knew this version of the game with name, image and likeness deals, endless transfers and agents wasn’t for him.

After leading Miami to the 2023 Final Four, head coach Jim Larranaga said eight players sought bigger paydays in the transfer portal.

The ACC lost yet another longtime men's basketball coach on Thursday amid reports that Miami's Jim Larrañaga would step down effective immediately. Michelle Kaufman of the Miami Herald first reported the stunning news,

A college basketball coach who is just two seasons removed from the Final Four is reportedly stepping down. Michelle Kaufman of the Miami Herald reported on Thursday morning that Jim Larranaga is moving on from his position as the head coach of the Miami Hurricanes.