Iona head coach Tim Cluess posted on Twitter he was taking his name out of consideration for the St. John's head coaching vacancy.
"There comes a point where the reality of the situation becomes more clear and moving forward is what is needed," Cluess wrote. "I love my players at Iona and being a coach there and I am truly blessed to be able to do what I love at a place I love."
Cluess, who has led Iona to the NCAA tournament six times since taking over in the 2010-11 season, was considered one of the favorites to replace Chris Mullin at St. John's even though the school had offered the job to several other coaches who rejected the offer.
Loyola-Chicago's Porter Moser spurned St. John's on Tuesday, while Arizona State's Bobby Hurley said he was committed to the Sun Devils when his name was brought up shortly after Mullin resigned.
Yale coach James Jones is interviewing with St. John's on Thursday, and former Arkansas coach Mike Anderson and Oklahoma State coach Mike Boynton are also in consideration, according to CBS Sports' Matt Norlander.
St. John's has already lost Shamorie Ponds and Justin Simon to the NBA draft. Two other players, L.J. Figueroa and Bryan Trimble, are expected to transfer, while two recruits have decommitted.
Iona, which is 199-108 with six Metro Atlantic Athletic Conference titles in nine seasons under Cluess, released a statement last week acknowledging the speculation surrounding Cluess and St. John's, but saying it had not been contacted by St. John's or its representatives.
Cluess, 60, said Thursday he was contacted by St. John's last week and "it opened up a flood of emotions," but he ultimately turned it down.
"I look forward to continuing to grow the Iona program to higher levels," he said.