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Message: [QUOTE="huskymedic, post: 3274225, member: 549"] [URL='https://247sports.com/college/louisville/Article/louisville-basketball-rick-pitino-vince-tyra-firing-ncaa-135766050/']Louisville reaches settlement with Rick Pitino[/URL] >>Nearly two years after the Hall of Fame basketball coach was fired leading to his filing a breach of contract lawsuit against the University, the two parties have reached a settlement. Pitino, who was seeking around $40 million in his lawsuit, and the university were in mediation last week, leading to the settlement on Wednesday. The University of Louisville’s Athletic Association’s executive committee approved the settlement at a morning meeting. As part of the agreement, Pitino’s departure from Louisville in his personnel file will be changed from his being fired to “resignation.” Pitino will not receive any money from the school as a result of entering into this agreement.<< >> Here’s a joint statement from U of L and Pitino: “For 17 years, Coach Pitino ran a program that combined excellence on the court with a commitment to the program’s student-athletes, their academic achievement, and their futures in and out of basketball. Nevertheless, there were NCAA infractions during his term which led to serious consequences for the university. Although these infractions may not have occurred at Pitino’s direction or with his knowledge, the problems leading to NCAA infractions happened under his leadership. We thank Coach Pitino for his years of service to the University of Louisville basketball program and wish him well. Pitino and the University of Louisville have mutually agreed to dismiss their legal claims against each other, designate his departure as a resignation and move forward." Pitino released this statement through his lawyer Steve Pence: "Today I move on to a new chapter in my life. Against my lawyer’s advice, I’m dropping my lawsuit with ULAA. 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. I still have so much passion for the game and so many goals I want to achieve. From this day forward I start my climb.”<< [/QUOTE]

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