WILMINGTON, NC (WWAY) -- UNCW has terminated the the contract of men's basketball coach Buzz Peterson, UNCW Athletic Director Jimmy Bass announced this evening in a news release.
Bass has appointed assistant coach Eddie Biedenbach as interim head coach. A national search for Peterson's replacement will begin immediately.
"We appreciate Coach Peterson’s work on behalf of the student-athletes and the university," Bass in a statement. "We thank him for his service and wish him well in the future."
Peterson had two years left on his contract worth about $840,000. He has not returned a call from WWAY for comment.
Peterson's Seahawks ended their season Friday with an opening-round loss in the CAA tournament. The team finished the season 9-23. It was his worst mark in his four seasons in Wilmington. He finishes his time here with an overall record 42-82, including 30-53 in conference play.
Peterson was named the ninth head men's basketball coach in UNCW history on April 16, 2010. He came to Wilmington after spending just one year at Appalachian State. It was his second stint in Boone and the second time in his head coaching career he had left a job after one season.
Peterson said when he was hired at UNCW that he and his family wanted to put down roots and stay in the area for a long time to come.
Peterson was Michael Jordan's roommate when the two played together at UNC in the early 1980s, including 1982, when the Tar Heels won the national championship.
As a coach, Peterson left Appalachian after the 2000 season for Tulsa. In his only season there he led the Golden Hurricane to the NIT championship. He then coached Tennessee from 2001 to 2005, where he went 61-59 in his four seasons and made two trips to the NIT.
Peterson was 35-25 in two season at Coastal Carolina in 2005-2006 and 2006-2007. He was out of college coaching for one year before returning to Appalachian. He spent that year as Director of Player Personnel with the NBA's Charlotte Bobcats, serving under Jordan, who now owns the team.
In 16 years as a head coach, Peterson's record is 267-229.