The University of Utah reportedly owes former men's basketball head coach Craig Smith approximately $5 million after firing him, as his contract was fully guaranteed. Smith signed a six-year, $12.6 million deal in 2021,

The University of Utah's decision to part ways with head basketball coach Craig Smith has resulted in an ironic turn of events. Josh Eilert, who was hired as an assistant under Smith last June, will now step in as interim head coach.

WATCH: Tommy Lloyd gets emotional when talking about Brady and Landon Smith, sons of former Utah Head Coach Craig Smith. Smith was fired Monday. Landon (Director of Operations) and Brady (Walk-on) were with the team in McKale tonight. pic.twitter.com/SEoiUIiwKH

Utah men's basketball coach Craig Smith was fired Monday with four games remaining in his fourth season at the school

The University of Utah fired men's basketball coach Craig Smith on Monday, a day after a 76-72 loss at Central Florida that dropped the Utes to 15-12 this season. Smith was in his fourth season in charge of the program.

The University of Utah has fired head basketball coach Craig Smith despite only four games remaining on the team's regular season schedule.