After the University of Massachusetts announced the firing of both men’s hockey coach John Micheletto and women’s basketball coach Sharon Dawley on Sunday, athletic director Ryan Bamford said Monday: “The results haven’t met our expectations. This is an opportunity for us in both sports to make a change and start fresh to bring our program to the next level.’’

Micheletto was 39-88-13 in a four-season stint that concluded with a 5-4 overtime defeat to Boston University in the Hockey East playoffs Saturday night. The Minutemen finished 8-24-4 on the season, losing 16 of their final 17 games.

Dawley, who was in charge of the women’s basketball team for six years, had a mark of 46-133 over that span. The Minutewomen finished 12-18 this season — tying Dawley’s high for wins in a season — but were eliminated from the Atlantic 10 tournament Thursday night in an overtime loss to Fordham, 73-62. Dawley did not have one winning season at UMass.

The two will receive buyouts totaling $486,130 — $259,715 for Micheletto and $226,415 for Dawley — but Bamford said none of the money will come from additional university funds or taxpayer dollars but directly via “unbudgeted revenues’’ from NCAA, Atlantic 10, and Mid-American Conference distributions.

Bamford said the search for new coaches will be conducted internally and not by an outside firm. He will oversee the selection of the new hockey coach, while Darrice Griffin, senior associate AD, will help in the search to fill the women’s basketball vacancy.

“Hockey is important for us,’’ Bamford said. “Hockey, in this state, is important. I don’t think we are that far away.’’

Bamford said there already are candidates in mind for each vacancy, but he declined to name any. The current assistants for both sports will be retained for the time being, and they will be allowed to interview for the head coaching spots.

There is no timetable.

“You can’t script searches,’’ Bamford said. “We are not going to move quickly just for the sake of trying to get somebody in place.’’

As for men’s basketball, coach Derek Kellogg’s team is 13-17 and has fallen short of expectations this season, but Bamford said that he has already spoken with Kellogg about moving forward, and that his the coach’s job is not in danger.

Karl Capen can be reached at karl.capen@globe.com.