LOUISVILLE, KY (USA TODAY) - The University of Louisville did not put a dollar value on exactly how much Rick Pitino may have cost the school, but the countersuit filed Wednesday could hit the former coach's wallet hard.
The countersuit called for Pitino to pay back money Louisville may lose to NCAA sanctions that are currently under appeal, "bonuses and other compensation" he earned between 2012-15 and to a tarnished reputation that has hurt business relationships and made it difficult for the school to sell tickets and secure donations.
In all, the lawsuit could be worth more than $12 million.
Let's do the math:
► Bonuses of at least $750,000: The countersuit asks for "bonuses and other compensation" paid during periods where Louisville may have to vacate wins, though it is not explicitly clear what the "other compensation" may include. A Louisville spokesman declined to comment on Thursday when asked for clarification.
Pitino was paid $600,050 in NCAA Tournament bonuses from 2012-15. Not surprisingly, his biggest bonus came in 2013, when Louisville won the national championship and earned the coach $325,000.
Pitino's tournament bonuses were cumulative. For example, in 2012 Pitino received $175,000 in bonuses: $50,000 for a Sweet 16 berth; $50,000 for an Elite Eight berth; and $75,000 for a Final Four berth.
He also earned $250,000 in Big East and American Athletic Conference performance bonuses between 2012-14
If Louisville is seeking bonuses paid for off-court performances, it would include money Pitino earned through graduation rates and Academic Progress Rate incentives. The coach's contract from the period in question included as much as $250,000 in possible incentives if players met certain academic benchmarks.
The contract's "compensation" section also included up to 40 tickets to each Louisville men's basketball game and four tickets to each home football game; $3,000 per month car allowance; initiation fees and monthly dues to a country club; and premiums on a $24 million life insurance policy. The value of those perks is not immediately known.
► NCAA Tournament revenue estimated at $5.7 million: The NCAA's Committee on Infractions in June ruled Louisville must return its portion of the shared NCAA Tournament revenue received from 2012-15. The shared revenue is sent from the NCAA to conferences based on how many tournament games the league's teams play. From there, the conferences disperse the NCAA Tournament revenue how they please, though they typically share the money evenly among each league member.
The school has appealed the financial penalty proposed by the Committee on Infractions and is expecting a final decision from the NCAA's Infractions Appeals Committee in January.
While Louisville said it had not yet calculated the actual figure it could have to repay the NCAA if it loses the appeal, an estimate based on the university's gender equity reports shows Louisville's shared tournament revenue could be more than $5.7 million.
The school will have to sift through conference exit agreements to determine just how much it actually received in shared NCAA Tournament revenue, and that is a difficult task. Louisville was in three different conferences from 2012-15.
► Ticket sales and donations worth more than $6 million: Another challenging number to determine is the financial cost of damages to Louisville's reputation because of the scandals in recent years.
The school refunded $419,000 in season tickets after the FBI investigation into college basketball recruiting ensnared Louisville. Some $170,000 of that value was made back as of Nov. 17.
And in another example, a donor withdrew a donation believed to worth more than $6 million to Louisville's athletics department after the University of Louisville board of trustees fired Tom Jurich from his position of athletic director, citing in part Louisville's alleged role in an FBI probe into corruption in college basketball.
SHARED 2012-15 NCAA TOURNAMENT REVENUE
► Estimated to be potentially more than $5.7 million
PITINO'S 2012-15 TOURNAMENT BONUSES
By year: $175,000 (2012 Final Four); $325,000 (2013 national title); $50,000 (2014 Sweet 16); and $100,000 (2015 Elite Eight)
© 2018 USATODAY.COM