After more than a year without a Southeastern Conference win, Mississippi head coach Houston Nutt will resign.

According to athletic director Pete Boone, the fourth-year Rebels head coach will lead the team for the remainder of the season. Boone also announced that he will step down as athletic director by the end of 2012.

Ole Miss has lost 12 consecutive Southeastern Conference games, including Saturday’s 30-13 loss to Kentucky. The Rebels are just 2-7 this year, including 0-6 in the SEC. Nutt is 24-23 in his four years in Oxford.

Nutt is making approximately $2.7 million this season, and Boone said the coach has a $6 million buyout clause in his contract. If no one of Nutt’s staff is retained by the next coach, the total buyout will be about $8 million.

Boone said he didn’t make an emotional decision regarding Nutt’s future, but instead weighed the total decline of the program over the last two seasons, which produced a combined 5 record.

Ole Miss will play Louisiana Tech on Saturday at Vaught-Hemingway Stadium before ending the season with two conference games against LSU and Mississippi State.