Wednesday morning the University of South Florida confirmed that Steve Masiello will not be its head coach despite the fact a deal had been agreed to.

The reason: Masiello did not actually graduate from the University of Kentucky. The school required a bachelor's degree, not to mention it could not have been happy with Masiello falsifying his information to the school.

"He did not meet the requirements for the position," announced USF in a statement.

Times USF reporter Joey Knight had the full statement and more details in THIS story.