Pitino was sacked Monday by Louisville in the wake of an FBI investigation of bribery and fraud related to the steering of recruits to Adidas, sports agents and financial advisers.
Pitino filed a lawsuit against Adidas a day after the sportswear company terminated his personal services agreement, r claiming that they made it look like he knew about and participated in the practice of funneling money to the family of a U of L men's basketball team recruit.
In fact, under [the University of Louisville's] current deal with Adidas, which expires July 1, 98 percent of the cash provided by Adidas goes to one person: Rick Pitino, the now-suspended head coach.
The coach plans to challenge the school's right to fire him "for cause". Louisville named David Padgett its interim coach on September 29. Louisville interim president Greg Postel said the Louisville athletic board did not discuss a buyout for Pitino. "I have given no 'cause" for termination of my contract".
Already on probation for a scandal involving strippers and escorts entertaining recruits and other players in dorm rooms - Pitino also said a year ago he was unaware of those actions - the Louisville basketball program could face severe NCAA penalties depending on the outcome of the current investigation.
The FBI announced last month that 10 men - including four assistant coaches and top Adidas executive James Gatto - were charged with crimes relating to the investigation.
Pitino has $44 million remaining in salary and bonuses in a contract extension through the 2025-26 season.
Allegations steered toward Louisville include filtering $100,000 to the family of an unnamed player to sign with Louisville for his collegiate destination.