Louisville has fired coach Bobby Petrino as the Cardinals have stumbled to a 2-8 record this season, a source confirmed to ESPN.
Petrino is owed a $14.1 million buyout by the university that will be paid out over the next few years, the source said.
Louisville's season has bottomed out during a seven-game losing streak, with the past two weeks featuring blowout losses to Clemson and Syracuse.
Yahoo Sports first reported that Petrino had been dismissed.
The Cardinals finish the season with home games against ranked teams in NC State and Kentucky.