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Updated: March 25th, 2013 11:52am
Time's up: Tubby Smith fired as Gophers head coach

Time's up: Tubby Smith fired as Gophers head coach

The Tubby Smith era has come to an end.

The University of Minnesota announced Monday that Smith has been relieved of his duties, just hours after the Gophers were eliminated by Florida in the NCAA tournament on Sunday.

In six years as coach, Smith finished with a 124-81 overall record, but he was just 46-62 in conference. Smith's teams never finished above .500 in conference, nor did they ever place higher than sixth.

"Tubby has had a long and distinguished career and we feel it's time for a fresh set of eyes for our student-athletes and our program in general," athletic director Norwood Teague said in a statement. "We are grateful to Tubby and his entire staff for their hard work and dedication to this University, our students and the entire Minnesota community. We wish Tubby, Donna and the entire staff well."

The Gophers entered the 2012-13 season with lofty expecations, which only increased when they rose to No. 8 in the nation after a 15-1 start. But Smith squad stumbled to a losing record in the Big Ten for the third straight season, finishing in a tie for seventh place with a 8-10 record.

Friday's first-round win over UCLA marked Smith's only NCAA tournament win in three trips to the dance, although the victory did put the Gophers into the Round of 32 for the first time since 1997.

Including both NCAA tournament games, the Gophers finished the season with losses in 12 of their last 18 games.

"I want to thank the University of Minnesota and the people of Minnesota for giving me the opportunity to lead the Golden Gopher basketball program for six years," said Smith in a statement. "Our staff did things the right way and will leave knowing that the program is in far better shape than when we arrived. The people of the State of Minnesota embraced Donna and me from the beginning and we will always be grateful."

Smith's buyout is reportedly $2.5 million.

The 'U' has called a 3 p.m. press conference at TCF Bank Stadium.