Based on past dealings, I figured UofL's administration would treat Pitino with kid gloves and be amenable to hold off for a negotiated settlement and then let Pitino resign. Looks like that wasn't the case. Instead it appears they are making a statement by cleaning house. I'm guessing that's why Pitino's lawyer was being so bellicose in the statements he issued to the media last night, he knew UofL was ready to scorch the earth, and he was playing his hand trying to stave it off. Today, the administration played their hand, and obviously are confident they have good cause to let both of them go. Technically, administrative leave pending notice and hearing per contract.
I still think Pitino/Jurich and UofL reach a negotiated settlement in the next week or two, won't be good for any involved if either of those hearings take place.