The following news is just in…
As you can see from the statement, the lawsuits between the University of Louisville and former men’s basketball coach Rick Pitino were mutually dismissed by both parties. Pitino will have the benefit of having his firing changed to a resignation instead.
Vince Tyra says Rick Pitino will get “zero” more money from the University of Louisville. He says a “terrific day” for the university.
— Jody Demling (@jdemling) September 18, 2019
There will be no money going to Pitino as part of the settlement per Jody Demling. In other words, the possible burden of a $40 million financial yoke upon the University of Louisville is no more.
Rick Pitino has also released a statement in regards to the settlement.
Statement from Pitino (via lawyer): "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 (UofL). I’m so thankful and honored to coach such dedicated athletes."
— Jody Demling (@jdemling) September 18, 2019
More Pitino: "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.”
— Jody Demling (@jdemling) September 18, 2019
There are two noteworthy points in his statement. The first is that he agreed to the settlement despite his lawyer’s objections. The second is that he acknowledges that even though he wasn’t an active participant in the illegal recruiting, the responsibility still falls upon him as the head coach.
In the end, this is is a great victory and great day for UofL AD Vince Tyra and for the university.
You can watch Vince Tyra answering questions from the media about the settlement below.
