MANILA, Philippines—Olsen Racela has stepped down as head coach of Far Eastern University after five seasons.
The school announced Racela’s resignation on Thursday just one month after Team Tamaraws failed to reach the Finals in the recently concluded UAAP Season 85 men’s basketball tournament.
The FEU missed the Finals for the first time since 2012.
Tamaraws finished seventh with a 5-9 record in Racela’s final season.
Under Racela, the FEU set a win-loss record of 37-39 including the knockouts.
The PBA legend took over the coaching rights of Tamaraws from his younger brother Nash in 2016. He has led the FEU to four consecutive Finals.
The FEU has yet to announce a Racela replacement as of time of posting.
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