Former Louisville basketball coach Rick Pitino and Adidas have reached a settlement sixteen months after a federal judge dismissed his lawsuit against the sportswear company.
Pitino and Adidas released a joint statement on Monday to announce the settlement. The terms of the settlement were not released.
"Adidas and Coach Pitino have entered into a confidential settlement agreement resolving all matters between them," the joint statement said, per ESPN. "Over sixteen years working with Adidas, Coach Pitino demonstrated his passion for the game of basketball and his commitment to excellence both on and off the court.