According to the TEAM and WNYT's Rodger Wyland, Siena head men's basketball coach Jimmy Patsos has resigned today from his position. Patsos spent 5 seasons with the Saints with a record of 77-92. The buyout is around $350,000 of the $1.1M left on his remaining contract.

Siena released a statement to the press as well:

LOUDONVILLE, N.Y. -- Siena College has accepted the resignation of men’s head basketball coach Jimmy Patsos.

 

Br. F. Edward Coughlin, O.F.M., Ph.D., president of Siena, and John D’Argenio, vice president and director of athletics, met with team members today to inform them of the resignation.
“Our men’s basketball program is among the many treasured traditions at Siena and a source of great pride among students, alumni, fans, and supporters. Over the years, the team has celebrated wins on some of the sport's biggest stages, and, experienced difficult losses and disappointments. Most importantly, the program has consistently represented the College with class, honor, and integrity.

 

“Siena’s founding Franciscan tradition calls upon us to honor the fundamental dignity of every person. Our core values demand compassion and help shape a community where all should feel welcomed, respected, and cherished. As we look forward to a new chapter in Siena men’s basketball, our shared commitment to upholding these ideals will continue to guide us,” said Br. Coughlin.

 

The College will immediately begin a national search for a new head coach.
Rodger joined Levack & Goz immediately after breaking the story to tell us more:
Patsos released a statement through his lawyer following the news of his resignation:

Siena will now be on the hunt for a new head coach with Pat Beilein of LeMoyne as a possible target according to Jeff Goodman who talked about the rumor on Big Board Sports over a week ago.

More information will be provided in the coming days.