Wednesday , Mar , 01 , 2006 C.Y. Ellis

Waters to step down at end of season

Piscataway, NJ (Sports Network) – Rutgers men’s head basketball coach Gary
Waters announced Wednesday that he will resign at the conclusion of this

Under terms of the resignation agreement, Waters is scheduled to receive
$550,000 and additional compensation.

“I have enjoyed coaching the Rutgers basketball team for the past five
seasons, and have had the opportunity to work with some tremendous young men,”
Waters said. “But at this time, I feel that this is the best course of action
for me to take for the Rutgers basketball program and for my family. I feel we
were able to accomplish a lot here, but it is time for me and my family to
move forward.”

The 55-year-old Waters took over the Scarlet Knights in 2001, compiling a
76-73 record and a pair of NIT appearances over that span. In ’03, he guided
Rutgers to a 20-13 mark and a berth into the NIT championship game, where it
eventually fell to Michigan.

The Scarlet Knights are 16-12 currently this season, including a 6-9 record in
Big East play.

“I want to thank Gary for his services to Rutgers University,” said athletic
director Robert E. Mulchahy. “He and his teams provided a number of exciting
moments for our fans in the past five years.”