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UNC Chancellor Holden Thorp to resign

Holden Thorp Holden Thorp will step down as chancellor of UNC-Chapel Hill at the end of this school year (Gerry Broome, AP)

The University of North Carolina announced today that Chancellor Holden Thorp will step down from his position at the end of the 2012-2013 school year. WRAL broke the story of Thorp's resignation amid ongoing scandals within the school's athletic department, specifically the Tar Heels' football program.

Thorp met with the UNC Board of Governors on Friday, where he wasn't reprimanded for the transgressions in UNC athletics, according to the WRAL report.

"I think every chancellor is to be evaluated as we go along," Board of Governors Chairman Peter Hans told WRAL. "He clearly has some issues on campus he needs to successfully deal with."

The UNC football program has been under investigation in some form since 2010 - first for allegations of improper gifts to recruits, and most recently for an academic cheating scandal. Former football head coach Butch Davis and former athletic director Dick Baddour both lost their jobs in the wake of the scandal, while the team forfeited victories, team records and scholarships while serving a one-year bowl ban starting this season.

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