Former Virginia basketball coach and athletic director Terry Holland will step down at the end of August as special assistant to university president John T. Casteen III, a position in which Holland spent the past three years raising funds for the Cavaliers' new basketball arena.

Holland, a nationally respected figure in basketball circles, was out of town and could not be reached to comment but issued a statement indicating this is not a retirement.

"The University of Virginia athletic program is in great hands under the leadership of Craig Littlepage and the arena project is already a reality to those who drive by it daily, as I do," Holland said. "This makes it a good time for me to look for challenging opportunities either inside or outside intercollegiate athletics before I hang up the sneakers for good."

Holland took over as basketball coach in 1974 and compiled a 326-173 record in 16 seasons, guiding the team to Final Four appearances in 1981 and 1984. He spent five years as athletic director at Davidson, his alma mater, and became Virginia's athletic director in 1995. His six-year tenure included improvements to several sports facilities and an eighth-place finish in the 1998-99 Sears' Cup, the Cavaliers' best showing. Littlepage succeeded him in 2001.

-- Jim Reedy