Damon Stoudamire Reportedly Fired as Georgia Tech HC, How Much Money Is He Owed from Contract?

After a dismal finish to the 2025-26 season, Georgia Tech reportedly decided to move on from men's basketball head coach Damon Stoudamire.

ESPN's Pete Thamel and Jeff Borzello reported Sunday that Georgia Tech dismissed the former NBA guard following an 11-20 campaign that featured a 2-16 ACC record and losses in each of the final 12 games.

Thamel reported the school still owes Stoudamire $12.6 million over the course of the next two years, although that total is "subject to offset."

As one of the bottom three teams in the ACC standings, Georgia Tech did not qualify for the ACC tournament in Stoudamire's final season. That means its campaign came to an end with Saturday's 79-76 loss to Clemson, and it wasted no time moving in a different direction.

Still, Stoudamire wanted more time to turn things around than just the three seasons.

"There is nothing in me that doesn't want to be the head coach of this team next year and this program," he said Saturday, per Kelly Quinlan of Rivals. "We've had two years where we have had a trajectory in the program, but I do understand the business we are in.

"There is a left-hand column and a right-hand column that we are all accountable for. That didn't meet the standard this year. I'm looking forward to hopefully having a chance to remake this and see what happens then."

Georgia Tech represented Stoudamire's first head-coaching opportunity at a power-conference school after he led Pacific for five seasons from 2016-17 through 2020-21. While Pacific didn't make the NCAA tournament during his tenure, it went from 11-22 in his first season to 23-10 in his fourth.

He then left the college ranks to be an assistant with the Boston Celtics before taking the Georgia Tech job ahead of the 2023-24 campaign.

Yet the Yellow Jackets went just 42-55 during his three seasons with a high point of 17-17 in his second year. They went from 10-10 in the conference during that second season to 2-16 in 2025-26 and didn't show those signs of improvement that some of Stoudamire's Pacific teams did.

It was more of the same for a program that hasn't won an NCAA tournament game since the 2009-10 season. In fact, it has been to the Big Dance just once since that season and didn't come particularly close during Stoudamire's tenure.

Despite his coaching career that has now hit something of a crossroads, Stoudamire is likely still better known as a former NBA player. He took home the Rookie of the Year in 1995-96 with the Toronto Raptors and also suited up for the Portland Trail Blazers, Memphis Grizzlies and San Antonio Spurs.

He played for 13 seasons and averaged 13.4 points, 6.1 assists and 3.5 rebounds per game during his career.