Pittsburgh's Jamie Dixon leaving to become TCU's new coach

Pittsburgh coach Jamie Dixon is headed to his alma mater to become the new head coach at TCU, according to multiple reports Monday.

Multiple sources told CBSSports.com and ESPN that Dixon will leave the Panthers for the Horned Frogs.

Dixon, 50, played for TCU from 1984-87. Dixon replaces Trent Johnson, who was fired last week after four seasons including a 12-21 record in 2015-16.

Dixon is under contract at Pitt until 2023 and his buyout is reportedly $10 million. According to the Pittsburgh Post-Gazette, Dixon's salary is $3.2 million.

Dixon took over as Pitt's head coach in 2003 after Ben Howland left for UCLA. In 13 seasons, Dixon has taken the Panthers to the NCAA Tournament 11 times. His teams have posted a record of 328-123 (.727) during his tenure.

The Panthers (21-12) were eliminated from this year's tournament after a first-round loss to Wisconsin.