LOUISVILLE (WHAS11) -- The University of Louisville reached a settlement agreement with former Athletic Director Tom Jurich.
After months of turmoil, the Board of Trustees and Jurich, announced through a statement they have reached a "complete, mutual and amicable resolution" following Jurich's firing. He was fired in October 2017. The termination came after the FBI announced they were continuing to investigate fraud and corruption across the country involving multiple college basketball programs, including UofL.
One of the sticking points for Jurich was he claimed to have been fired "without cause" and the university stated "cause." The university now agrees he was fired "without cause" but "as a result of his resignation".
The following is a joint statement by the University of Louisville and former Athletic Director Thomas M. Jurich:
"Today the University of Louisville and its former Director of Athletics, Thoms M. Jurich, announced that a complete, mutual, and amicable resolutions has been reached in the dispute arising from Mr. Jurich's retirement from the University in October 2017.
The resolution was agreed to by all parties. The specifics are set forth in detail in a formal Settlement Agreement and General Mutual Release, which is being made available to the public concurrently with the release of this statement. The Board of Trustees of the University of Louisville and Board of Directors of the University of Louisville Athletics Association, Inc. have confirmed that the parites concluded their relationship by mutual agreement, without cause, and acknowledge Mr. Jurich's 20 years of devoted and loyal service.
"Everyone is pleased that this matter has been successfully resolved," said UofL Board of Trustees Chairman, J. David Grissom. "All parties can move forward to begin the next chapter."
"I have spent the better part of my career working with a dedicated team of athletes, coaches, and staff to elevate the University of Lousiville's Athletic Department and I am proud of what we accomplished which is well documented," Jurich said."
UofL Trustees Chair Grissom said he had no further comment on the settlement after Thursday's meeting between the ULAA and the trustees.
One aspect of the settlement is that parties will not comment on how the deal was reached or make disparaging remarks.
UofL President Neeli Bendapudi responded to questions when WHAS11 talked to her.
"...glad that this is behind us and look forward to moving on," Bendapudi said.
Jurich gets $4.5 million, plus deferred compensation, annuities, medical coverage, season tickets and parking at football and men's basketball for 20 years.