Graham was 46-31 overall and 31-23 in the Pac-12. The Sun Devils (7-5, 6-2 Pac-12) beat rival Arizona on Saturday to finish second in the Pac-12 South behind Southern California, but the program is not on the trajectory athletic director Ray Anderson wanted.
Anderson announced that Graham and his staff would stay on through the Sun Devils' bowl game. Arizona State scheduled a 1 p.m. MT news conference with Anderson.
"From the moment he arrived in Tempe, Todd helped change the culture and emphasized the student in student-athlete here at Arizona State, elevating the program to unprecedented heights in the classroom and strong citizenship across the board," Anderson said in a statement.