Issues from the cyst, that Meyer had surgery to drain in 2014, have become more severe in recent months.
Michael Thomas, a receiver who plays for the New Orleans Saints, tweeted that he sheds a tear when thinking about the impact Meyer had on his life and others.
In the seven seasons in Columbus, Ohio State has won more than 90 percent of its games (82-9) including three Big Ten championships and a national championship in 2014.
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New North Carolina coach Mack Brown, who spoke with Meyer this morning, told CBS Sports' Dennis Dodd that Meyer's health was a primary concern.
The 54-year-old owns a 186-32 overall record in 17 seasons.
Offensive coordinator Ryan Day is expected to take over as Ohio State head coach. A shocking blowout loss at unranked Purdue on October 20 pushed Ohio State to the fringe of the national championship chase and prompted all sorts of questions about Meyer's future.
First, if Meyer does come back, it's going to have to be a ideal fit with the potential for him to turn it into a national title contender.
There will be people who think Ohio State is above hiring an assistant coach. Gene Smith alluded to his continued involvement in the team, while Day said his door would always be open to the former coach.
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Now after seven years with the Buckeyes Meyer is leaving and I just don't buy he'll stay retired. It isn't healthy but I came to work every day with fear of letting people like Archie Griffith and the our great state of OH down because this is home. Meyer recorded his second flawless 12-0 season.
Urban Meyer's longest head coaching stint is at Ohio State. He said he planned on coming back to coach in 2019.
"And the third thing is what we saw today, was Urban Meyer resigning as the coach at Ohio State".
Should Ohio State have done a national search? "I love this program and its student-athletes and I want Buckeye Nation to know how hard we are going to work to ensure this program remains the very best in the country".
"I'm fully aware I'm ultimately responsible for this situation", Meyer said in August.
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Trump said Thursday that he had decided not to pursue that project but that "there would have been nothing wrong if I did". A representative for the Agalarovs, Ike Kaveladze, also attended that conference on June 9 in New York City.