Tampa, Florida -- USF Athletic Director Doug Woolard, issued a statement Tuesday, explaining why he gave football coach Skip Holtz a contract extension over the summer. Woolard said it would be the last comments he will make on Holtz' situation.
"I know Skip, his staff and the players are working diligently to get that next win and to find sustained success. Certainly, the results, in terms of wins and losses to date, are disappointing to everyone involved with our program - the coaches, players, athletic administration and our passionate fans. Our expectations for this program are very high. I also know this team has a lot of football left to play and great opportunities in front of it. We're only six games into a 12-game regular season.
We are going to provide all the support possible for our football program, including employment contracts that reflect our commitment to success. Many factors come into play when considering contract terms, including conditions in the national coaching marketplace. In Skip's case, multiple BCS schools sought his coaching services at the end of both the 2010 and 2011 seasons. As a result, we felt it was important to maintain the stability and continuity of leadership in our football program and extended Skip's contract.
As has been our practice in the past, we will evaluate the status of each of our 19 programs at the conclusion of their respective seasons. We'll identify where we are as a football program at that time and continue to build from there."
Holtz' contract runs through 2017, at $2 million per year. If Holtz is terminated after this season, USF would owe him a $2.5 million buyout.