According to El Capitan Matthew Jones, UK has settled the lawsuit brought forth by former UK Men’s Basketball Coach Billy Clyde Gillispie. The settlement amount is reportedly $2.98 Million dollars. The Herald-Leader reports that UK will pay more than $265,000 in Gillispie’s legal and mediation fees.
Matt has previously reported a rumor that UK’s initial settlement offered by UK was $3 Million dollars. Most recently, the settlement amount was rumored to be increased to $4 Million dollars right before Billy Clyde was charged for a DUI in Anderson county.
You can read Matt’s analysis of Gillispie’s initial lawsuit filing where Billy was asking for fulfillment of the financial obligations set by the Memorandum of Understanding — a $6 Million dollar payout from UK.
At last, one more time for the national blogs to misspell Gillispie’s name! Don’t let me down, AOL Fanhouse!