USC basketball coach Tim Floyd resigns

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Head coach of the USC Trojans, Tim Floyd, watches game action against the UCLA Bruins in the Pacific Life Pac-10 Men's Basketball Tournament at the Staples Center on March 13, 2009 in Los Angeles, California.

Veteran college basketball coach Tim Floyd has resigned from his position at the University of Southern California. KPCC’s Molly Peterson says a Mississippi paper broke news of the Hattiesburg native’s decision today.

Floyd reportedly resigned by writing to USC’s athletic director that he could no longer give his full enthusiasm to the job. During the four seasons of his tenure, Floyd revived USC’s basketball program. The team made the sweet 16 at the NCAA tournament last year.

Floyd did that with some high-profile recruiting. Rapper Lil’ Romeo got a full ride. But college authorities have been investigating Floyd and USC after allegations of improper financial dealings related to former star O.J. Mayo surfaced. Mayo’s a point guard who showed up on Floyd’s doorstep despite being heavily recruited by better programs; he’s since left USC.

Last month, reported that Floyd made a cash payment to a sports agent’s associate who had been close to Mayo. If true, that payment could violate college rules.

USC and Floyd have not commented about the alleged recruiting violations. Floyd had considered coaching in Arizona and in Memphis. But this spring he said he planned to finish out his contract at USC.

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