NCAA suspends Pitino, vacates UofL's records from 2010-2014

The NCAA's infractions ruling on the Louisville Cardinals is out and it sounds like the 2013 title and 2012 Final Four are gone, but it's not completely clear. How do we interpret this? The report reads:

Penalties prescribed by the panel include four years of probation for the university; a suspension from the first five Atlantic Coast Conference games of the 2017-18 season for the head coach; a 10-year show-cause order for the former operations director; a one-year show-cause order for a former program assistant; a vacation of basketball records in which student-athletes competed while ineligible from December 2010 and July 2014; men’s basketball scholarship reductions and recruiting restrictions; a fine of $5,000, plus the university must return money received through conference revenue sharing for its appearances in the 2012 to 2015 NCAA Division I Men’s Basketball Championships. The panel also accepted the university’s self-imposed 2015-16 postseason ban.

One thing we do know is Rick Pitino was hit with a five-game suspension during ACC play in the upcoming season after the NCAA determined the head coach failed to monitor:

The head coach failed to monitor the former operations director when he created the residential environment in which the violations occurred and trusted the former operations director to follow the rules, and delegated monitoring of the former operations director to his assistant coaches without appropriate oversight. The head coach noted his assistant coaches were responsible for monitoring the former operations director. When asked during the investigation, the assistant coaches were unaware of this responsibility. The panel noted that a head coach does not meet his monitoring responsibility by simply trusting an individual to know NCAA rules and to do the right thing.

You can read the entire report here. UPDATE: It looks like the NCAA has given the University of Louisville 45 days to identify the games that ineligible players played in, so we do not know for sure if the banner is coming down. But if you're to believe Katina Powell's word, SEVERAL of the members of the 2012 and 2013 teams were involved.