Maybe He Can Get A Job on Knight School.

From SI.com.

Sports Illustrated's Seth Davis reports that Indiana University basketball coach Mike Davis has resigned but will coach the team through the end of this season.
According to a source in the IU athletic department with knowledge of Davis' situation, Davis informed Indiana officials of his decision more than a week ago and Davis' attorney and the university subsequently negotiated the terms of his departure, which were finalized this week.

Following Wednesday night's 71-68 loss at Penn State, Davis' record at Indiana was 109-76. Indiana (13-9, 5-6 in the Big Ten) had lost six of its last seven games to drop to seventh place in the conference, putting the Hoosiers' NCAA tournament hopes in jeopardy.
During a Big Ten conference call with the media on Monday, Davis said that he thought Indiana fans would be happier "with one of their own," meaning someone who played for the Hoosiers. Iowa coach Steve Alford and Orlando Magic assistant Randy Wittman are two prominent alums who have long been rumored to Indiana's top choices as Davis' replacement.

I would have mentioned this story a lot sooner, but I was busy checking out the pictures of the swimsuit models (also on SI.com.) I mean, hell. This is news? We all knew he was out. Still....

It's hard to replace a legend. It's harder still to keep your job in an era of must-win programs, and the pressure must be enormous. Mike Davis has been bullied, belittled, ridiculed and scorned since the day he arrived...and he still managed to win over 100 games. In some programs, he'd be hailed as a hero. At IU, he's the goat.

Best of luck to Coach Davis, a man that deserved better than he got for exhibiting grace in an unwinnable (no pun intended) situation.