Hall of Fame coach Jay Wright is retiring after 21 seasons as men's basketball coach at Villanova, a shocking move that comes just weeks after he led the Wildcats to the Final Four.
Villanova said Wednesday that Wright will take a new role as special assistant to the university's president. Fordham's Kyle Neptune, who spent 10 years under Wright as a video coordinator and an assistant coach, will take over as Villanova coach.
A news conference featuring Wright, Neptune and athletic director Mark Jackson is scheduled for Friday morning.
"Over the past 21 seasons, I have had the opportunity to live out a professional dream as the head coach at Villanova," Wright said in a statement. "Patty and I have been blessed to work with incredible, gifted young men who allowed us to coach them and brought us unmatched joy. We cannot overstate our gratitude to the players, coaches, and administrators who have been with us on this path. It has been an honor and a privilege to work at Villanova, especially under Father Peter and Mark Jackson.
"Now, though, it's time for us to enter a new era of Villanova basketball. After 35 years in coaching, I am proud and excited to hand over the reins to Villanova's next coach. I am excited to remain a part of Villanova and look forward to working with Father Peter, Mark and the rest of the leadership team. Once a Wildcat, always a Wildcat."
Wright, 60, had been the Wildcats' coach since 2001. He won two national championships, in 2016 and 2018, and made four Final Four appearances. He was named Naismith Coach of the Year in 2006 and 2016 and was inducted into the Basketball Hall of Fame in 2021.
He had been solicited for several NBA jobs through the years, but sources told ESPN on Wednesday that Wright's intention is to retire from coaching. Wright enjoyed his experience coaching Team USA under Gregg Popovich in recent years, but becoming an NBA head coach has held increasingly less appeal with him, sources said. He listened to overtures but never seriously considered leaving Villanova for any of them.
Wright started to share with close friends Tuesday night that he was eager to move on to the next phase of his life without coaching, sources said.
"He's fully at peace with the decision," a source close to Wright told ESPN on Wednesday night.
Neptune, 37, had been the head coach at Fordham for one season. He led the Rams to a 16-16 campaign, a 14-win improvement on their 2020-21 season.
Neptune served as a video coordinator for Villanova from 2008 to 2010 and returned as an assistant coach under Wright from 2013 to 2020.
"When looking for a successor, we wanted a candidate who could navigate the changing landscape of collegiate athletics and keep Villanova in a position of strength -- now and in the future," Jackson said. "After meeting with several exceptional candidates, we found all those attributes and more in Kyle Neptune. Kyle quickly stood out for his basketball knowledge, recruiting savvy and natural ability to connect with student-athletes and coaches."
The news of Wright's retirement sent shock waves through the college basketball world, where Wright is among the most respected coaches. With the recent retirement of Mike Krzyzewski, Wright was one of just three active coaches to have won multiple national titles. (Bill Self and Rick Pitino are the others.)
"It's a tremendous loss for college basketball," Syracuse coach Jim Boeheim told ESPN, adding that Wright "absolutely" is one of the best coaches of the modern era.
Boeheim was among the many coaches contacted by ESPN who were stunned by the news. Notre Dame coach Mike Brey also said he was surprised.
"He has really achieved it all and done it all with class," Brey told ESPN. "It's a big loss for the college game."
Wright is the third coach with multiple national titles to retire in essentially the past year, joining Duke's Mike Krzyzewski and North Carolina's Roy Williams. That marks three of the game's most recognizable faces, consistent winners and important voices leaving the sideline.
"Coach Krzyzewski, Coach Williams and Coach Wright are huge losses for college basketball in just over a year," NCAA senior vice president of basketball Dan Gavitt told ESPN. "Yet like the legends they learned from and followed -- Bob Knight, Dean Smith and Rollie Massimino -- the next generation of coaches will rise to the challenge of advancing our great game."
Wright's wins, titles and accomplishments speak for themselves. But the theme going through the sport Wednesday was the way that Wright handled himself.
"I've known Jay his entire coaching career," former Big East commissioner Mike Tranghese told ESPN. "He is a great coach but a better person."
Former Villanova player and assistant coach Baker Dunleavy echoed that notion, saying Wright's legacy and work at Villanova will reverberate through all the players and coaches he worked with.
"Coach Wright's true legacy will not be his championships," said Dunleavy, now the head coach at Quinnipiac. "His legacy is the set of values he has instilled in his coaches and players. Those are obvious watching a Villanova game -- and more importantly meeting a Villanova player. To him that is the most significant mark he could leave. We are all proud to be associated with him."
Wright went 520-197 during his 21 seasons with the Wildcats, winning at least 30 games on six occasions, the sixth-most 30-win seasons in men's Division I history. He won eight Big East regular-season titles and five Big East conference tournament championships.
Before taking over at Villanova, Wright was the head coach at Hofstra for seven seasons, winning two America East championships and making two NCAA tournament appearances.
ESPN's Pete Thamel and Adrian Wojnarowski contributed to this report.