Pitino and Jurich are out after the FBI arrested 10 people Tuesday, including assistant coaches at four big-time college basketball colleges, as part of a large-scale sting operation aimed at fraud and bribery in college basketball. Tom Jurich came to Louisville on October 21, 1997 and oversaw a transformation of athletics and facilities at the University. After the meetings, Postel informed reporters that the school would hold a news conference at 1 PM and stated that Pitino and Jurich would not attend.
Along with Gatto and the coaches, the others charged in the case so far include Adidas employee Merl Code, former NBA agent Christian Dawkins, financial adviser Munish Sood, and two others.
Pitino, the team's head coach since 2001, has been "effectively fired" according to his lawyer, Steve Pence, The Courier-Journal reported Wednesday.
Interim President Greg Postelsaid they hope to have an interim athletic director and head coach within 48 hours. He was inducted into the Naismith Memorial Basketball Hall of Fame in 2013.
On Tuesday, the college basketball world woke up to a bombshell.
Postel stressed that the university will cooperate fully with law enforcement and NCAA officials. Jurich's association with Adidas runs much deeper than the $160 million licensing deal Louisville secured with the three stripes.
Pitino and his program already were not in the good graces of the NCAA. Last year, Louisville banned themselves from participating in the NCAA tournament.
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