Before embarking on a highly-successful coaching career, Waters, a 1975 Ferris St. graduate, was a standout player for the Bulldogs. As a senior, he averaged 12.4 points and 5.7 rebounds per game for the 1973-74 Great Lakes Conference champions while earning all-conference and NAIA All-District honors. In his final two years, he led his team to a 47-10 record (.825), including a 26-4 record in 1972-73 that still ranks as the highest single-season win total in program history.
Waters is the first member of his team to be inducted, but joins his former head coach, Jim Wink, who was inducted two years ago as a member of the inaugural class. Waters is now one of 33 people to earn this distinction since the hall of fame was commissioned in 2000.
Following his graduation, he served as an assistant coach at Ferris State for 14 seasons. His transition into the coaching professional enabled the Bulldogs to maintain the success it achieved with Waters on the roster. In 15 seasons as an assistant, Ferris State appeared in eight post-season national tournaments, including five Division II National Tournaments in eight seasons following the program's move to the NCAA.
In 1989, Waters joined Eastern Michigan as the assistant head coach and, after four seasons, became associate head coach. In 1996, he was hired as head coach at Kent State University, where he led the Golden Flashes to unprecedented heights, enjoying a five-year stint that featured a 92-60 (.605) record, including a 70-25 record (.737) in his final three seasons. He guided Kent State to three post-season berths and was twice named Mid-American Conference (MAC) Coach of the Year. The Golden Flashes made their first-ever NCAA Tournament in 1999, advanced to the NIT Quarterfinals in 2000 and upset Indiana in the first round of the 2001 "Big Dance."
Waters' 2001-2002 Rutgers team defeated a school-record four Top-25 foes, earning a spot in the NIT and posted a 15-1 home record during the regular season. Waters was named Coach of the Year by the Metropolitan Basketball Writers Association and District II Coach of the Year by the U.S. Basketball Writers Association.
A Detroit, MI native, Waters was an all-city selection in football, basketball and track and field at MacKenzie High School.
Now entering his second season as head coach at Rutgers, Water and the Scarlet Knights will host an exhibition game on Thursday, November 14 and open the regular season on Monday, November 18, when the team hosts Columbia in the first round of the Preseason NIT.