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Adidas parts ways with Rick Pitino

<p>Rick Pitino</p>

LOUISVILLE, Ky. (WHAS11) – Just hours after the unanimous decision to fire Rick Pitino as head of the University of Louisville men’s basketball team, shoe giant Adidas has announced they are also parting ways with the embattled coach.

Adidas released a statement Monday afternoon via their senior manager of corporate communications Maria Culp.

"In light of the decision by the University of Louisville, Adidas has terminated its personal services agreement with Rick Pitino, effective immediately."

The University of Louisville Athletic Association Board voted to fire Pitino in a Monday session.

MORE UofL NEWS:

► UofL Athletic Asso. committee approves employment of acting AD, basketball coach

► UofL's Padgett appoints Trent Johnson to assistant coach role

► Trinity star de-commits from UofL during FBI investigation

► Vince Tyra named as UofL's acting AD

► ESPN Radio Host Bob Valvano chimes in on FBI Investigation

► UofL a part of FBI investigation; four college basketball assistants arrested across U.S.

► VIDEO: Terry Meiners talks about Rick Pitino

For more information on the UofL Investigation, go to whas11.com/uoflinvestigation

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