Oklahoma State and head basketball coach Travis Ford have mutually agreed to parted ways, the athletic department announced Friday evening.
OSU will owe Ford $2.4 million per year, to be paid out monthly during the next three years. If Ford were to find another job, the athletic department would only have to pay the difference.
"I like Travis Ford and his family," athletic director Mike Holder said in a news release. "He worked very hard at his job. Unfortunately, we have to move on."
Ford, 46, has served as the Cowboys coach since April 2008 with five NCAA Tournament appearances. He led OSU to a 155-111 overall record in his eight seasons at the helm. In six seasons since his extension, Ford's teams have made the tournament four times and lost in its opening game each time, including in each of the past three tournaments.
OSU fans have started a #BringDougHome movement on social media for current basketball analyst Doug Gottlieb.