In a statement released by the school, O’Leary said he wanted to retire two seasons ago but he had a plan to retire after this season was over.
“After the 2013 championship season and Fiesta Bowl win I expressed my intention to retire at that time,” O’Leary said. “After significant discussion with the UCF administration, I reconsidered and agreed to coach two additional seasons, 2014 and 2015. The administration has always been aware of my plan to retire after this season.”
However, after a disappointing 2015 season O’Leary said it is best for him to retire right away.
“In an effort to allow UCF to accelerate its search for my successor and clarify the facts regarding my future plans, I am retiring effective immediately,” O’Leary said.