The official decision to fire Pitino was made during a board meeting for the Louisville Athletic Association on Monday afternoon but the process began on October 2 after the association authorized Postel to begin the process of dismissing the head coach for cause.
The board voted two weeks ago to begin the firing process for Pitino.
2 authorized university interim President Greg Postel to begin the process of firing Pitino for cause after Postel placed him on unpaid administrative leave September 27.
It appeared the UofL Athletic Association wouldn't have too hard of a decision in firing Rick Pitino, but his attorney Steve Pence came well-prepared with much for them to consider. "And we simply felt that this was in the best interest of the university and make the decision at this point in time".
During the course of the hourslong meeting, Pitino's lawyers argued that the coach was unaware of an alleged scheme to secretly funnel cash - in the words of acting U.S. Attorney Joon H. Kim - from "employees of one of the world's largest sportswear companies.to the families of high school recruits".
The ULAA resolution stated that Pitino's "actions (and inactions) violate sections 6.1.1, 6.1.2 and 6.1.3 of his employment contract and warrant termination for just cause". "'But I vehemently reject its right to do so 'for cause.' I have given no 'cause" for termination of my contract.
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He said Pitino should be retained and noted, "The coach did not engage in any of this activity, he didn't know about the activity".
"I never have had any part - active, passive, or through willful ignorance - in any effort, successful or unsuccessful, completed or abandoned, to pay any recruit, or any family member of a recruit, or anyone else on a recruit's behalf, as an inducement to attend UL".
The document also included the results of a polygraph allegedly indicating that Pitino was not deceptive in answering questions regarding the recruitment of Bowen.
Pitino reportedly stands to lose the $44 million remaining in salary and bonuses on his contract through the 2025-26 season since he was sacked with cause.
Louisville is accused of paying a prospective player $100,000 to sign with the basketball team, ESPN reported.