Jim Calhoun's retirement from coaching the University of Connecticut's men's basketball team leaves the college basketball world with the loss of one of the greatest coaches in history, but not all is lost.
With his retirement comes some obvious winners and losers, and some not-so-obvious ones.
In the aftermath of this incredible development comes the analysis of each winner and loser.
Let's start this with the most obvious loser in the situation: UConn basketball.
The Huskies have just lost a legendary coach in Calhoun. He had 26 years of experience with UConn and won 873 games in his career.
It's going to be very difficult to replace Calhoun, who was an iconic coach and a successful leader. Facing a current postseason ban without Calhoun is an unfortunate situation for the Huskies to be in and it could lead to a slow start for Calhoun's replacement.
That slow start could be for Kevin Ollie, the UConn assistant coach who will be replacing Calhoun as head coach of the men's basketball program.
Ollie is a former Huskies' player who played 13 seasons in the NBA before coming back to UConn as a coach.
After retiring from the NBA in 2010, it's taken him a very short time to ascend to a head coaching position. UConn is showing a lot of faith by hiring him over another, more-experienced candidate.
Ollie is getting a chance to prove himself at a prestigious school and this could be a great opportunity for him.
Coming on the heels of news that Notre Dame would leave the conference for the ACC, the Big East is now dealt another blow with the news that Calhoun is retiring.
After losing Syracuse University, the University of Pittsburgh, West Virginia University and the University of Notre Dame to conference realignment, the conference was banking on the University of Louisville and UConn to keep the conference afloat. Now that Calhoun is out, the team will suffer and the Big East will continue to crumble.
It's been a rough day for Big East basketball, and the conference can only hope that the storm is over.
One of the winners in this situation who you might not think of is the group of teams whose Big East schedule will be much easier without Calhoun in the way and are already ranked highly.
While those teams in the conference who are not expected to do well will need to do more to make noise on the national stage, teams such as Louisville and Syracuse could conceivably breeze through the Big East while losing only once or twice, which will help both earn top seeds in the NCAA tournament.
It's not a huge victory for them, but it's still good news to see a tough coach like Calhoun come off their schedule and be replaced by an inexperienced coach.
College basketball lost one of its best coaches in history today. Calhoun was a legend and he will be sorely missed.
Calhoun was a decorated coach and highly successful during his career. He was a true icon, and seeing UConn basketball coached by Ollie this season just won't feel right (at least to me).
Calhoun's retirement comes at a good time for the 70-year-old coach.
After breaking his hip and facing a postseason ban this year, there wasn't much left for Calhoun this year. His decision essentially had to come down to whether he wanted to coach for several more years or retire now.
I'd say he made the right call and now he can enjoy his retirement.