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September 18, 2019
The University of Louisville Athletic Association and Rick Pitino settled lawsuits stemming from his departure from the school, with the former men’s basketball coach’s personnel file changing his termination to a resignation.
Pitino sued the ULAA for more than $38.7 million in November 2017, accusing it of breaching its contract by firing him for cause the previous month in the wake of a federal bribery investigation of college basketball.
Louisville countersued, seeking monetary damages for vacated games and bonuses.
Pitino said he was moving on “to a new chapter in my life.” “Against my lawyer’s advice I’m dropping my lawsuit with ULAA,” Pitino said. “I am very proud of the many accomplishments my teams achieved at Louisville. I’m so thankful and honored to coach such dedicated athletes. I’m also disappointed in how it ended. But as head coach I am held responsible for the actions of all team members.”
Pitino coached Panathinaikos to the championship in the Greek League in June.