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FIRED: Rick Pitino is out at University of Louisville in wake of corruption case

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NEW YORK (AP) - University of Louisville men's basketball coach Rick Pitino has been fired.

The announcement came after Pitino said he was shocked by corruption allegations made by prosecutors in New York against some college basketball assistant coaches.

A top Adidas executive and four assistant coaches are among 10 men charged with using hundreds of thousands of dollars in bribes to influence star athletes' choice of schools, shoe sponsors and agents.

Before his firing was announced, Pitino said he agreed with prosecutors that third-party schemes initiated by a few bad actors "operated to commit a fraud" on universities and their basketball programs. He said fans and supporters deserve better.

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