Martin has coached the Golden Flashes for seven years and is the longest-tenured coach in the Mid-American Conference.
He has compiled a 28-53 career record and is 4-7 this year. Kent State wraps up its 2010 season Friday against Ohio.
"I'd like to thank Doug for his eight years of service to the university," Kent State Athletics Director Joel Nielsen said in a statement. "Under his direction, our team made strides on the field, performed very well in the classroom and was active in the community."
"I want Kent State fans to know what a great group of assistant coaches we have here," Martin said. "The character of these men is unquestioned and the job they've done is outstanding."