Career
On Saturday 3/6/10 athletic director Terry Holland announced that McCarthy will complete the season as head coach and then move to a fundraising role with East Carolina University. His overall record at UTC was 243–122. McCarthy was also the head coach of the VCU Rams from 1998 to 2002, with a 4-year record of 66–55.
Prior to becoming a head coach, he spent two years as an assistant at his alma mater, Virginia Technical, and nine seasons assisting head coach Sonny Smith (two at East Tennessee State and seven at Auburn).
In 19 seasons as a college basketball head coach, McCarthy has a 59.4% winning percentage with a record of 343–234.