UofL ATHLETICS | UofL Athletics Association Board of Directors Meets

10/24/2017 02:41 PM

Following their special-called meeting to discuss the “for-cause” termination of former Louisville men’s basketball head coach Rick Pitino on October 16, the UofL Athletics Association Board of Directors held their regularly-scheduled annual meeting on Tuesday.

The Finance and Budget Committee met beforehand, approving their audited financial statements ending in June 2017, approving their financial transactions policy, voting to authorize the construction of the $8 million television production center required by the ACC, and voting on a lease agreement with Alro Steel. They also discussed their budget analysis.

Following the committee meeting, the full board of directors met. During the meeting, which included an hour-long executive session to discuss litigation and personnel matters, they discussed the committee meeting, elected officers and committee chairs and Interim Athletic Director Vince Tyra had the opportunity to give his first AD report to the board.

Tyra mentioned the Adidas deal in his report, but answered further questions following the meeting.

Interim President Dr. Greg Postel also gave a president’s report. Throughout the course of the meeting when discussing the budget, board members were discussing the potential loss from revenue shares from the ACC if Louisville loses the NCAA appeal regarding the sex scandal. During the discussion, it was mentioned that Chuck Smrt had helped them determine the amount. Board member Bill Stone and President Postel had a back and forth about retaining Smrt’s services.

Smrt is a former NCAA infractions investigator and now owns his own consulting company. He also led Louisville’s internal investigation into the sex scandal beginning in September of 2015. It was Smrt that recommended Louisville self-impose a post-season ban in the 2015-2016 season. Postel confirmed following the special called meeting on Oct. 16 that they had Smrt speak with some staff members about the FBI investigation.

According to records obtained by the Louisville Courier-Journal, UofL paid Smrt’s firm $334,886.12 from May 1, 2016, through Aug. 7.

Postel addresssed Stone’s comments following the meeting.

Following the meeting, Postel did clarify that they are still appealing the NCAA sanctions handed down over the summer “in unchanged fashion”. Postel also confirmed that neither former AD Tom Jurich or Rick Pitino have filed suits against the university. He added they have not begun to search for a permanent athletic director or head men’s basketball coach.

Postel added the school’s internal investigation into the federal bribery case is ongoing.


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