The school fired Stoudamire on Sunday, one day after the Yellow Jackets concluded their season with a 79-76 loss at Clemson for their 12th straight defeat.
Georgia Tech posted an 11-20 overall record and was 2-16 in the Atlantic Coast Conference. The Yellow Jackets finished last in the ACC and didn’t qualify for the conference tournament.
ESPN said Stoudamire has $2.6 million and two years remaining on his contract.
“On behalf of Georgia Tech, I want to thank Damon for his commitment to the Institute, our men’s basketball program and, most importantly, our student-athletes,” athletic director Ryan Alpert said. “He is highly respected and admired throughout the Georgia Tech community and has been a strong representative of the Institute. We wish him the very best.”
Stoudamire, 52, had a 42-55 (19-39 ACC) record in three seasons.
He was a Boston Celtics assistant coach when Georgia Tech hired him before the 2023-24 season. Before that, he compiled a 71-77 record in five seasons (2016-21) at Pacific.
An undersized guard in college at Arizona, Stoudamire was the No. 7 overall pick of the 1995 NBA Draft and spent 13 seasons in the NBA with the Toronto Raptors, Portland Trail Blazers, Memphis Grizzlies and San Antonio Spurs.
He won NBA Rookie of the Year in 1996.
Per Georgia Tech, Greg Gary will serve as the interim head coach.
“Georgia Tech men’s basketball has a proud history and is an important part of our athletics department and community,” Alpert said. “We are committed to identifying an excellent basketball coach that will build a championship-level program, and fulfill our missions of academic excellence and preparing our student-athletes for life beyond basketball. Georgia Tech’s commitment to men’s basketball is unwavering, and we will invest the resources necessary to compete for championships at the highest levels.”
