Floyd Resigns From USC

Los Angeles, CA - Tim Floyd has resigned as basketball coach at Southern California following allegations that he give $1,000 in cash to a man who helped steer former star player O.J. Mayo to the Trojans.

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Floyd on Tuesday submitted a one-paragraph letter to USC athletic director Mike Garrett saying he was quitting because he no longer had full enthusiasm for his job.
``I accept Tim's decision and wish him well,'' Garrett said in a statement.
The announcement follows allegations that thousands of dollars in cash and gifts were funneled to former USC basketball player O.J. Mayo by a representative of a sports agency.

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Posted: 6/10/09 12:28AM ET

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