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Louisville takes president's resignation

(AP Photo/Timothy D. Easley, File)

LOUISVILLE, Ky. (AP) University of Louisville trustees on Wednesday accepted the resignation of embattled President James Ramsey, whose long tenure was dogged by scandal.

The action at a special meeting of the school's board signaled the end of an era. Ramsey, a former state budget director, has led the university for 14 years.

After six hours of closed-door deliberations, the board announced late Wednesday that Ramsey will be paid $690,000 and will resign immediately, with an agreement not to sue the school.

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AP Rankings
Rank School Rec
1 Kansas33-5
2 Michigan State29-6
3 North Carolina33-7
4 Virginia29-8
5 Oregon31-7
6 Villanova35-5
7 Oklahoma29-8
8 West Virginia26-9
9 Xavier28-6
10 Miami (FL)27-8
10 Kentucky27-9
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RPI Rankings
Rank School Rec
1 Kansas33-5
2 Oregon31-7
3 Virginia29-8
4 Villanova35-5
5 North Carolina33-7
6 Oklahoma29-8
7 Xavier28-6
8 Utah27-9
9 Miami (FL)27-8
10 Kentucky27-9
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