Louisville and former head coach Rick Pitino have reached a settlement in lawsuits the stemmed from Pitino’s departure from the school back in October of 2017, according to ESPN’s Jeff Borzello.
Pitino, 67, will receive no money from the school as part of the settlement.
“Pitino’s personnel file shall reflect that his employment with ULAA ended as a result of a resignation,” the settlement agreement stated.
“Today, I move on to a new chapter in my life,” Pitino said in a statement released by his lawyer. “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,” Pitino said in his individual statement Wednesday. “From this day forward, I start my climb.”
Pitino and Louisville issued a joint statement.
“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,” the joint statement said. “Nevertheless, there were NCAA infractions during his term which led to serious consequences for the University. Although these infractions may not have occurred at Coach Pitino’s direction or with his knowledge, the problems leading to the 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. Coach 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.”