Jai Lucas and Miami have finalized the contract that makes him the school’s new men’s basketball coach, nearly two weeks after they struck preliminary agreement on a deal.

University of Miami basketball coach Jim Larrañaga announced his resignation Tuesday, less than two years after leading the Hurricanes to their historic first Final Four appearance.

Jim Larrañaga has stepped down as Miami’s men’s basketball coach effective immediately.

Jordan Miller entered the transfer portal two years ago and wasn't immediately on Miami's radar.

School-switching has never been more prevalent in college basketball thanks to the NCAA relaxing transfer rules and granting an extra year of eligibility from the pandemic season.