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Louisville board member says they are in no position financially to buy out Petrino

According to a story released by the Courier-Journal:

Much as frustrated fans and overwrought talk-show types might want the University of Louisville to fire its football coach, a University of Louisville Athletic Association board member thinks Petrino’s $14 million buyout could be prohibitive.

“The university is not in a position to buy him out,” Tom Meeker said Monday.

Money is tight. Donations are down. The Hickman Camp Fund, whose $16.8 million balance represented more than two-thirds of ULAA’s available funds at the end of 2017, lost more than half of its value through basketball coach Chris Mack’s buyout from Xavier University and U of L’s settlement with former athletic director Tom Jurich.

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