Rick Pitino is out at University of Louisville

Rick Pitino is out as head coach of the University of Louisville basketball team amid a federal investigation into a corruption and fraud scheme.

The university's athletic director, Tom Jurich, was also fired a day after the Justice Department announced the indictment of 10 people in a widespread investigation into illegal payments made to coaches. The investigation also implicated the Louisville basketball program. Before he was let go, Pitino held a meeting with his staff and informed them that he expected to be fired. 

Pitino has been Louisville's head coach since 2001 and led them to a national championship in 2013. (ESPN

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