Bunting was fired by UNC athletics director Dick Baddour on October 22, 2006. He was allowed to finish out the 2006 season. Bunting's last home victory on November 18, 2006, against NC State, broke a seven-game losing streak, and he was able to close out his career one week later with a 45-44 win over Duke. Bunting, who led UNC to their only two victories over a top 10 ranked opponent in school history, compiled an overall record of 27-45 over six seasons.