They apparently weren't offering a very attractive package. This has all the earmarks of a 'settle' pick:
Georgia Tech has named Brent Key, who went 4-4 as interim coach after taking over for Geoff Collins, as the team's new football coach.
www.espn.com
From the article:
"The school interviewed 10 to 12 candidates, including Tulane coach Willie Fritz, sources told ESPN.
Tech struggled to lure a big outside name because of the school's reluctance to guarantee large portions of the contract, with the amount of guaranteed money a nonstarter for some candidates.
The school owes Collins more than $11 million, and financial concerns are significant."