The Cloughjordan native has stepped down from the manager's post following the Premier's exit from this year's All Ireland championship.
Selector Michael Ryan is set to take up the mantle.
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Speaking on Extra Time here on Tipp FM last night, O'Shea had a special word of thanks for the Tipperary GAA fans.
He also paid tribute to the players and their families and said he was in no doubt that the future of Tipp hurling is bright with the current crop of players.