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Chris Mack out as Louisville Cardinals men's basketball coach

Chris Mack is officially out as Louisville men's basketball coach, it was announced Wednesday, and he said he isn't "bitter at all" at the outcome.

The board of trustees and University of Louisville Athletic Association jointly approved Mack's separation agreement, interim athletic director Josh Heird announced. The contract that Mack signed in 2018 called for a $12 million buyout, but the two sides negotiated the buyout down to $4.8 million as part of the agreement, sources told ESPN.

"It's a hard place," Mack told reporters Wednesday. "You've gotta win games."

Associate head coach Mike Pegues has been named Louisville's interim coach for the rest of the season.