Marshall has bought out the final two years of coach Tom Herrion's contract, it was announced on Friday.
The university will owe Herrion $600,000 for his final two years.
Herrion coached at Marshall for four seasons. His teams went to one NIT and one CIT.
Marshall lost to Old Dominion in the second round of the Conference USA tournament Wednesday and finished the season 11-22.
Marshall lost its top seven scorers from a year ago. Herrion parted ways last May with DeAndre Kane, who graduated, transferred to Iowa State and was an all-Big 12 first round selection this season. Elijah Pittman led Marshall in scoring through the first nine games before he was suspended indefinitely in December and never returned.
Information from ESPN.com's Jeff Goodman and The Associated Press was used in this report.