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Bill Carmody to remain head coach at Northwestern

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AD Jim Phillips and Bill Carmody will have a joint teleconference at 10 a.m. CT to announce that Carmody will remain as head coach of the men's basketball team.

Here are the statements from Phillips and Carmody that were just released-

Northwestern Director of Athletics and Recreation Jim Phillips

"This week our department conducted a thorough, objective and comprehensive review of our basketball program, a process we follow at the conclusion of every season for all of our 19 sports. That has been, and will continue to be, my process.
"Bill Carmody is under contract to be our men’s basketball coach, and has the full support of the athletic department and University. We had another solid season competitively, but let me be perfectly clear: we are not satisfied. We are, however, optimistic that our program will continue to get better on the court while always maintaining a standard of excellence in academic success, NCAA compliance, social behavior and the development of young men."

Northwestern Head Men’s Basketball Coach Bill Carmody

"We’re proud of what we’ve accomplished these past four years, but we’re disappointed in how this season finished. Expectations were high and they should continue to be.
"I want to be clear about our expectations: While we’re in a better place today than we’ve ever been, it’s not enough. We intend to compete for Big Ten championships and achieve NCAA tournament success.
"We receive tremendous support from the University, President Schapiro, Jim and the athletic department. There is no ceiling on our program and there are no significant barriers holding us back. Next season already has begun and we can’t wait to continue our work."

We'll update after the news conference.