Rick Pitino settles with Louisville, ready for a ‘new chapter’
LOUISVILLE, Ky. — A fiercely competitive coach on the court, Rick Pitino didn’t want to fight in one anymore.
So the University of Louisville Athletic Association and 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. He received no money in the settlement.
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. The agreement comes a week after representatives for the association and Pitino held settlement talks at the federal courthouse that included the coach.
In a statement issued Wednesday through lawyer Steve Pence, 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.”
The settlement agreement unanimously approved by the ULAA said Pitino has been paid compensation and wages he was due. The school agreed not to pursue further legal action. The agreement changes his departure to a resignation effective Oct. 3, 2017 — 13 days before the ULAA fired him after 16 seasons as coach of the Cardinals.
Athletic director Vince Tyra called the settlement “a terrific outcome for the university. … We were solid in our stance from the very beginning that this was a zero liability for us.”
The settlement marks the end of a bitter final chapter between the school and Pitino, who has repeatedly said he knew nothing about payments made to the family of a recruit to sign with Louisville. Pitino was not named in the federal complaint.