From the East Carolina Official Athletic website:

East Carolina Head Football Coach Skip Holtz announced Thursday that he has withdrawn his name from consideration and declined further discussions regarding the head football coaching position at Syracuse University.

Horsepuckey.

"While it is always flattering for others to have an interest in your abilities, I simply am too focused on our preparations for the bowl game and many other of our short and long-term goals to fairly evaluate what I feel is a promising situation at Syracuse." Holtz said. "I appreciate Syracuse's interest but that certainly is a direct reflection on what our players, coaches and the Pirate Nation have been able to accomplish, especially through a season that featured so much adversity."

Bullfeathers!

So the moral of the story is...blame the Liberty Bowl.  It's too daunting a game and requires too much attention to detail for Skip to focus on the SU job.

Oh, and money.  New Sexy-O-Meter to come...

H/T: Alex