The appeals committee also upheld the NCAA Division I Committee on Infractions penalty that requires the university to return to the NCAA money received through conference revenue sharing for its appearances in the 2012, 2013, 2014 and 2015 NCAA Division I Men's Basketball Championships.
As reported by ESPN's Mark Schlabach, "I can not say this strongly enough: We believe the NCAA is simply wrong", Postel said.
It's the first time in the NCAA's modern history that a Division I men's basketball national championship has been stripped from a school.
Interim university president Greg Postel responded with a letter conceding McGee and company's actions were "were offensive and inexcusable", then claimed that because Louisville was sorry and said so, and added its own self-flagellating punishment, and promised never to do it again, the Cardinals should've been punished much less severely.
According to the NCAA, these specific student-athletes lost their eligibility to compete after "A team staff member arranged striptease dances and acts of prostitution for enrolled student-athletes and prospects", multiple times over multiple years.
The decision is unrelated to an ongoing Federal Bureau of Investigation corruption probe of college basketball programs, including Louisville, that led to the firing of coach Rick Pitino and athletic director Tom Jurich in October.
In some cases, these players were underage.
The penalties also erase Louisville's 2012 Final Four appearance, which came in Keatts' first season on Pitino's staff.
The appeals committee, which included members from George Washington University, the University of Texas and Vanderbilt University, similarly defended the financial penalty.
A recruiting scandal that led to his departure, after an FBI investigation into bribery and fraud in college basketball implicated Louisville. That the travelling call against North Carolina didn't exist? So if Louisville had used prostitutes and strippers to recruit all its students - whether their talents were related to basketball, music, chemistry or physics - would that have saved it? And it can not change the love so many of us have for this great university. Angered by this finding, the school's well-heeled boosters reportedly purchased similar televisions for every dorm on campus.
The Cardinals (18-9, 8-6 in ACC) begin a crucial four-game close to the regular season Wednesday when they travel to face fifth-ranked Duke (22-5, 10-4), as U of L looks to build its NCAA Tournament résumé. Which defense do you think future schools will embrace moving forward?