I am surprised myself. Take a look at this below from ESPN:
Ole Miss coach Houston Nutt will resign at the end of this season, the university announced Monday afternoon.

Nutt
Nutt will coach the Rebels’ last three games this year, said athletic director Pete Boone, who also announced Monday he will step down within the next year.
Ole Miss (2-7, 0-6 SEC) has lost 12 straight Southeastern Conference games dating back to last season. The Rebels are assured of a second straight losing season under Nutt, who is 24-23 in his four years in Oxford.
Coming over to Mississippi from Arkansas in 2008, Nutt led the Rebels to nine victories in each of his first two seasons, including back-to-back Cotton Bowl wins.
Nutt, who is earning approximately $2.7 million this season, has a $6 million buyout clause in his contract, Boone said.
Chris Low and Edward Aschoff cover SEC football for ESPN.com. Information from The Associated Press was used in this report.