The University of Kentucky and Billy Gillispie reached a $2.98 million settlement. Gillispie was seeking $6 million for breach of contract and fraud relating to his March 28th firing this year. I know what you're saying, "what contract did he ever sign?" Kentucky was suing Gillispie also. UK fired Gillispie for not being a good fit in the program. The University will also pay $265,000 for Gillispie's legal and mediation fees. It was thought that when Gillispie was in town during the week of his most recent DUI arrest that UK was going to give him $4 million but when he was arrested, he lost that opportunity.
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