Georgia Tech fired athletic director Todd Stansbury and head football coach Geoff Collins on Monday.
Collins was in his fourth season as coach. The Yellow Jackets have lost nine straight games to FBS opponents dating to last season and are coming off a 27-10 loss to UCF.
"I am grateful to Coach Collins for his hard work and commitment to our student athletes," school president Angel Cabrera said in a statement. "Unfortunately, the results of our football program have fallen short of what our loyal community, fans and athletes expect and deserve. We are committed to rebuilding the program and a coaching change is a necessary first step in that process."
Brent Key was named the interim coach for the Yellow Jackets, while Frank Neville, who is the school's chief of staff and senior vice president for strategic initiatives, was named the interim AD.
"Todd is and will always be an admired and respected member of our community. His dedication to the success of our student athletes and his love for Georgia Tech are admirable," Cabrera said in the statement. "The challenges the athletic program has faced in recent years have grown to a point where we need to try a new approach, and that requires new leadership."
The buyout for Collins is expected to be $11.37 million, compared to $7.2 million it would have cost the school in January. (It would have been nearly $10.6 million at the end of the regular season.) The buyout for Stansbury isn't considered prohibitive.
Collins was 10-28 as Georgia Tech's coach after arriving from Temple. Stansbury had been Georgia Tech's athletic director since 2016. Stansbury hired Collins and made the decision to bring him back last year after a 3-9 season.
Collins has three years left on his initial contract. He was making approximately $3.3 million this year.
ESPN's Pete Thamel contributed to this report.