University of Louisville Magazine

SUMMER 2017

The University of Louisville Alumni Magazine: for alumni, faculty, staff, students and anyone that is a UofL Cardinal fan.

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2 4 | L O U I S V I L L E . E D U NEWS & IMPACT UofL to challenge NCAA ruling UofL plans to appeal the ruling of the NCAA Committee on Infractions in the case involving the men's basketball program and improper activities that took place in Billy Minardi Hall on the Belknap Campus several years ago. The NCAA announced new penalties against the university on June 15. Those include a suspension for head basketball coach Rick Pitino for the first five ACC games of the 2017-18 season, a four-year probation, loss of additional scholarships and a vacation of basketball records in games where ineligible players participated. The vacation of records could include 108 regular- season games and 15 NCAA tournament wins. The 2012 Final Four appearance and 2013 National Championship are among the games at risk. In his announcement that UofL will appeal the NCAA decision, interim President Greg Postel said the penalties go beyond what we consider to be "fair and reasonable." "We believe the penalties imposed today are unfair to the UofL community and our current and former student- athletes, many of whom have already paid a heavy price for actions that did not involve them," Postel said. "This ruling is also unfair to Coach Pitino, who we believe could not have known about the illicit activities." The appeals process is expected to last a few months. The University of Louisville Board of Trustees on June 8 received the forensic investigation of the University of Louis- ville Foundation. The report, conducted by the Chicago- based firm Alvarez and Marsal, found mismanagement, overspending and a lack of oversight by previous university and previous foundation board leadership. The trustees and current foundation board are considering their options in responding to the investigation. "We asked for the forensic investigation in order to help uncover any activities that may not have been in the best interest of the foundation, the university or the many supporters of the university," said board Chairman J. David Grissom. "The report paints a disturbing picture." The foundation board already has made several changes to address problems discussed in the audit. It has ended a controversial deferred compensation program, introduced its first line-item budget and changed its bylaws to prevent the university president from serving as president of the foundation. "As I have said since I took this position in January, I am committed to being transparent and to operating aboveboard," said interim President Greg Postel. "I also am committed — and I think our recent actions confirm this — to returning this university to solid financial footing. The steps we are currently taking will position us well for the future." Grissom NEWS & IMPACT UNIVERSITY RECEIVES FOUNDATION AUDIT, CONSIDERING ACTIONS

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