x
Breaking News
More () »

Settlement reached in Pitino, Adidas lawsuit; terms not disclosed

Details of the settlement were not released to the public.

LOUISVILLE, Ky. — Former University of Louisville Coach Rick Pitino has settled a federal lawsuit with Adidas.

Details of the settlement were not released to the public.

Both Pitino and Adidas released a statement saying their issues have been resolved.

 “Adidas and Coach Pitino have entered into a confidential settlement agreement resolving all matters between them. Over sixteen years working with adidas, Coach Pitino demonstrated his passion for the game of basketball and his commitment to excellence both on and off the court. We wish Coach Pitino the best in his new role as head coach of Panathinaikos, the Greek national team and any future endeavors.”

The shoe giant ended their relationship with Pitino hours after the University of Louisville’s Athletic Association fired him.

That firing, followed the school’s acknowledgement of its involvement in a federal bribery investigation.

Pitino was not named in the federal complaint.

RELATED: Rick Pitino's Panathinakos squad captures Greek Cup

RELATED: ESPN: Rick Pitino agrees to deal to coach EuroLeague team

RELATED: The Proffitt Report: The end of unchecked power at UofL

RELATED: UofL wants judge to drop Pitino lawsuit

RELATED: Pitino opens up in Dan Patrick Show interview

RELATED: Pitino’s attorney: Pitino was not aware nor involved in paying recruits or recruits’ family

RELATED: Pitino attorney refutes claims indictment directly implicates his client

RELATED: Rick Pitino files federal lawsuit against Adidas

►Make it easy to keep up-to-date with more stories like this. Download the WHAS11 News app now. For Apple or Android users. 

Have a news tip? Email assign@whas11.com, visit our Facebook page or Twitter feed. 

Before You Leave, Check This Out