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USF passes on Masiello as men's basketball coach after learning he doesn't have his degree

South Florida's deal to hire Steve Masiello as its new basketball coach has fallen apart because the rising young star doesn't have a college degree.

The Bulls confirmed Wednesday that they had an agreement in principle to lure Masiello away from Manhattan, but that the contract was contingent on "a verification of credentials."

USF requires its basketball coach to have at least a bachelor's degree. The 39-year-old Masiello did not receive a degree after attending Kentucky, where he played for Rick Pitino and Tubby Smith from 1996 to 2000.

Masiello, a former assistant under Pitino at Louisville, was going to replace Stan Heath, who was fired this month.

Masiello has a 61-39 record in three years at Manhattan and 28-5 this season, before losing to Louisville in the NCAA tournament.