Report: Skip Holtz out at South Florida

The University of South Florida has fired head football coach Skip Holtz after three seasons, according to multiple reports.

The Bulls just completed their worst season in the program's 16-year history with Saturday's 27-3 home loss at Pittsburgh. The defeat was USF's 14th in its last 16 Big East Conference games and ninth in 10 overall outings following a 2-0 start, which left the team with a 3-9 record.

Holtz compiled a 16-21 record during his tenure at South Florida, which hired the 48-year-old in January of 2010 following a successful five-year stint with East Carolina. The Bulls went 8-5 and earned a win in the Meineke Car Care Bowl during his first season in charge, but failed to reach the postseason after slipping to a 5-7 mark in 2011.

The Bulls were just 5-16 in Big East play over his three seasons.

According to the Tampa Tribune, Holtz was under contract through the 2017 season after receiving a three-year extension in July. He will receive a $2.5 million buyout from the university, paid in installments of $500,000 over a five-year period.

Holtz owns an overall record of 88-71 as a head coach, having gone 34-23 in five seasons at Connecticut from 1994-98 and 38-27 over a five-year period at East Carolina from 2005-09 prior to his arrival in Tampa. He also spent six years as an assistant under his father, Lou, at South Carolina between 1999-2004.

While at ECU, Holtz's teams made four consecutive bowl appearances from 2006-09 and captured back-to-back Conference USA championships over those final two seasons.