“Yes, I have resigned today,” Perasol confirmed to ESPN.

“I thank UP for believing in me from the my very first year as coach of the Fighting Maroons. I feel this is the right time for me to step aside and help whoever will come after me continue what we have created here.”

Perasol led the Diliman- based squad in breaking the final four droughts in 21 years in the UAAP and the continued rebuilding of the roster has been always the priority for the decorated mentor until the pandemic comes.

“I promised UP after Season 82 that I will stay for another season just to sustain the rebuilding process which started many, many years back, coming off from zero wins back then. Unfortunately, the pandemic has impacted on all of us, including the dynamics of the playing field. It has sadly changed my views, plans and priorities too,” Perasol said in a written statement.

“We have gotten this far in just four seasons under my helm. That is unprecedented in fact. But the team still needs better plans as always, and a reboot. I have now decided not to coach for my last season and I have already submitted to UP officials a short list of possible replacements for my position.”

While the UP Administration and Team Management are said to issue an official statement today.