Arizona athletic director Jim Livengood confirmed Lute Olson?s decision to retire hours after news reports had started speculating about the Hall of Famer?s future. Livengood said a successor would be named soon.

?This was not a decision that was made lightly,? Olson said in a statement released by the university on Thursday. ?I?ve had a wonderful run at the University of Arizona. I leave with a great sense of pride in what we have accomplished here.?