Jerry Stackhouse’s time at Vanderbilt is reportedly over.

According to ESPN, the school fired Stackhouse on Thursday after his team was eliminated from the SEC tournament Wednesday night. Vanderbilt lost a 14-point halftime lead in a 90-85 overtime loss to Arkansas. The defeat dropped Vanderbilt to 9-23 overall.

Stackhouse will reportedly have a buyout of approximately $15 million thanks to a contract extension he signed after the 2022-23 season.

The former North Carolina star’s time at Vanderbilt didn’t meet expectations. The Commodores finished above .500 in just two of his five seasons. The team’s best season came a season ago — and how Stackhouse secured that contract extension — when Vanderbilt went 22-15. The Commodores beat Kentucky twice in March but didn’t get into the NCAA tournament.

There was no step forward this season. Instead, Vanderbilt got off to a rough start and was 4-8 before Christmas thanks to losses to teams like Presbyterian, San Francisco and Western Carolina. The Commodores went just 4-14 in SEC play and finished 13th in the 14-team conference.

Vanderbilt was Stackhouse’s first college coaching job. He came to Nashville after a stint as an assistant coach with the Memphis Grizzlies. Before his year with the Grizzlies, Stackhouse was an assistant with the Toronto Raptors and coached the franchise’s G League team for two seasons.

Stackhouse, 49, got into coaching not long after his playing career finished in 2013. The No. 3 pick in the 1995 NBA Draft played for eight teams during an 18-season career and finished with over 16,000 points.

Whoever takes over for Stackhouse will be tasked with returning the program to the success it had under Kevin Stallings over a decade ago. From 2007-2012, Vanderbilt made the tournament five times and was no lower than a No. 6 seed in any of those appearances. Since the 2012 tournament, Vanderbilt has played in the NCAA tournament just twice and hasn’t been better than a No. 9 seed.