Rick Pitino Net Worth: Why Did Pitino Leave Louisville ?

Rick Pitino Net Worth: US-born basketball mentor Rick Pitino hails from the United States. In 2018, he released “Pitino: My Story,” in which he explained his side of the Adidas and Louisville scandals. Pitino has spoken to groups to inspire them on multiple occasions. We’ll be discussing that and other topics down below.


Rick Pitino Net Worth

American basketball coach Rick Pitino has a net worth of $45 million and earns a salary of $7.7 million annually. The University of Kentucky, the University of Louisville, the New York Knicks, and the Boston Celtics are just a few of the teams that Rick Pitino has coached as the head coach.

How Did Rick Pitino Become a Good Coach?

In 1974, Rick Pitino began his coaching career as a graduate assistant at the University of Hawaii. The following year, he was promoted to a full-time assistant position. He also got to finish the 1975–1976 season as Hawaii’s interim head coach. In Syracuse, he became Jim Boeheim’s first assistant coach. Pitino’s first job as a head coach was at Boston University back in 1978. He was successful in his role as coach, taking the team to the NCAA tournament for the first time in 24 years.

After leaving the college ranks, Pitino joined the New York Knicks as an assistant coach for Hubie Brown. In 1985, his team at Providence College improved to 11-20 under his guidance after his return to college coaching. It was under his direction that they advanced to the championship round. In 1987, Rick Pitino took over as head coach of the New York Knicks. The Knicks won their first division title in nearly 20 years thanks to his guidance. In 1989, he left his position as head coach of the New York Knicks to take over at the University of Kentucky.

At the University of Kentucky, he implemented his famous full-court pressure defence, with which he had tremendous success. He guided his team to the NCAA tournament in 1993 and to a championship in 1996. Once more, he joined the ranks of the pros, this time as head coach for the Boston Celtics (1997–2001). Having had little success in Boston, he transferred to the University of Louisville in 2001. Must Read About Fernando Torres Net Worth.

Rick Pitino Scandals

Rick Pitino Net Worth
Source: theringer.com

Rick Pitino was linked to eight of Hawaii’s 64 violations that landed the program on probation during his time as head coach. The violations included handouts and “pay to play” bribes to student-athletes—including one allegation that an Adidas executive conspired to pay $100,000 to a top-ranked national recruit’s family with the intent for him to represent Adidas when he turned pro—and providing misinformation along with then head coach, Bruce O’Neil, to NCAA and University of Hawaii officials. Pitino said he did nothing wrong.

A five-game suspension handed down by the NCAA to Rick Pitino in 2017 was in response to his handling of an escort sex scandal involving University of Louisville recruits. As a result of Pitino’s involvement in a federal investigation into the bribery of recruits, the team lost the right to claim the 2013 National Championship. He was allegedly let go for “cause” according to the school. Read More About Juwan Howard Net Worth.

Rick Pitino $40 Million Louisville Lawsuit

Rick Pitino’s coaching position at Louisville was placed on indefinite hold on September 27th, 2017 due to the school’s alleged involvement in an FBI investigation into college basketball corruption. He could have lost up to $55 million in potential contract compensation had he been fired for cause. Pitino later filed a lawsuit against the university, asking for nothing more than the remaining $38.7 million in base salary owed to him. Both parties agreed to a settlement two years after the dismissal. While Louisville did not compensate Rick monetarily for his departure, they did agree to treat it as a resignation rather than a termination. You can read about this Darren Sharper Net Worth.

Rick Pitino Miami Mansion

Pitino put his 12,000-square-foot Miami mansion up for sale in November 2017 for $29 million. After waiting a month, he lowered the price to $26 million. He paid $5.4 million in 1999 when he bought the house. In April 2020, he made the sale for $17 million. This video gives you a look around his former home on the posh island of Indian Creek.

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