Liam Cahill says he will remain on as manager of the Waterford hurlers.
The Tipperary man, who has been in the role for two seasons, has been heavily linked with the vacant hotseat in his native county.
Liam Sheedy departed the position ten days ago after a second stint in charge.
It had been reported that Cahill was approached by Tipperary regarding the job.
In a lengthy statement, he outlined his reasons for the decision.
"To be ever associated with the position of Tipperary senior hurling manager is a huge honour and I am extremely grateful to the County Board for their recent approaches in this regard.
"We discussed various matters and I can honestly say that making this decision has been the most difficult one I have had to make in recent years.
"Tipperary hurling has always been a huge part of my life and will always remain a core part of my being. I have spent several years working with underage players in Tipperary and we had some incredible moments together, which have left us memories that will last a lifetime. The quality of those players is exceptional, and I have no doubt many of them will eventually leave a mark at senior level.
"However, all major decisions involve a balancing and weighing of many factors before coming to a final conclusion. The position of the Tipperary Senior Hurling manager is extremely attractive and one I did not take lightly. Mikey Bevans and I felt duty bound to give careful consideration to Waterford after their response to us in the past two years.
"Since accepting the Waterford invitation to manage their senior hurling team two years ago the support we have received has been remarkable. The Waterford County Board has been unstinting in its backing for everything we did. The reaction of the players, even when difficult decisions had to be made, was exemplary. Their dedication and loyalty left a deep impression on both of us for whom loyalty is paramount.
"In the circumstances we feel that to step aside now from the Waterford journey would be the wrong decision and for that reason we will be staying with the Waterford Senior hurling team for the coming year. "
Cahill added that he understood the decision would please some and disappoint others.
He also reiterated his desire to manage his home county at some stage in the future.