The Louisville men's basketball program will have to vacate its 2013 national championship and 2012 Final Four appearance after the NCAA denied its appeal of what the school described as "draconian penalties" levied against the team last year.
The NCAA announced its ruling Tuesday. The school has scheduled a news conference to address the NCAA's decision.
The Cardinals will become the first NCAA Division I men's basketball program to vacate a national title during the Final Four era, according to ESPN Stats & Information.
The NCAA penalties are the result of an investigation that included allegations that a former Louisville staff member arranged for strippers to entertain players and recruits during parties at an on-campus dormitory from 2010 to 2014.