Rutgers president Robert L. Barchi acknowledges ‘failure of process’ (VIDEO)

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Just a couple hours after athletic director Tim Pernetti stepped down as a result of his handling of former head basketball coach Mike Rice’s behavior during practices, Rutgers president Robert L. Barchi met the press to offer his own explanation of the situation.

According to Barchi, who has received a public vote of confidence from the school’s board of governors, stated during the press conference that despite hearing about the video back in November he did not see the footage until this week.

“This was a failure of process. I regret that I did not ask to see this video when Tim first told me of its existence,” Barchi said, according to the Associated Press. “I want to apologize to the entire Rutgers community for the negative impact that this situation has had on Rutgers.

“I also apologize to the LGBT community and all of us who share their values for the homophobic slurs shown on that video. I personally know how hurtful that language can be.”

Pernetti, 42, is a Rutgers graduate who played football at the school and was a driving force behind its impending move from the Big East to the Big Ten.

MORE: Rutgers releases Pernetti’s letter of resignation

Barchi’s position appears to be safe. Ralph Izzo, chairman of the school’s board of directors said “at the end of the day, he has to run this place, day in and day out. And I think he is the right person to run this place for many years to come.”

In the video both Rice and former assistant coach Jimmy Martelli can be seen berating and shoving players during practice, and both were also witnessed throwing basketballs at players. Barchi stated that he agreed with Pernetti’s decision back in December to suspend Rice for his actions, but changed his mind once he saw video of the coach’s transgressions.

In his letter of resignation Pernetti stated that he originally wanted to fire Rice, however after consulting with legal counsel the consensus was that “university policy would not justify dismissal.”

New Jersey Governor Chris Christie also issued a statement on the day’s events:

“The decision today by Athletic Director Tim Pernetti to resign is appropriate and necessary given the events of the past six months. I commend President Barchi for his decisive leadership in coming to an agreement with Mr. Pernetti to have the Athletic Department of Rutgers University come under new leadership.

“This entire incident was regrettable and while it has damaged the reputation of our state University, we need to move forward now on a number of fronts which provide great opportunities for Rutgers’ future. Completing the ground-breaking merger agreement with UMDNJ. Preparing for our academic and athletic entry into the Big 10 conference. Implementing Rutgers’ share of New Jersey’s $1.3 billion capital commitment to higher education. Finally, conducting a national search for a new athletic director and a new men’s basketball coach for athletic competition next year and in 2014 for our entry to the Big 10.

Rice’s behavior initially came to light due to allegations made by former director of basketball development Eric Murdock, who filed a wrongful termination suit against the school on Friday in state court. He claims the university violated the state’s employee protection act and his contract. His contract wasn’t renewed in July.

Raphielle also writes for the NBE Basketball Report and can be followed on Twitter at @raphiellej.

Shayok and Reuter transferring from Virginia

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Virginia announced the departure of two players Wednesday.

Marial Shayok and Jerred Shayok will both transfer out of the program, the school said.

“Marial and Jarred informed me today that they are leaving the Virginia basketball program and are looking to transfer to other schools,” Cavaliers coach Tony Bennett said in a statement released by the school. “I thank Marial and Jarred for their hard work and contributions to our program, and wish them success in the future.”

Shayok, a a 6-foot-5 junior, played 20.9 minutes per game last season for the Cavaliers, averaging 8.9 points and 2.4 rebounds per game while shooting 44.5 percent from the floor. The Ottawa native started 23 games in three seasons with Virginia.

Reuter played a minimal role for the Cavaliers, averaging just 10.8 minutes and 3.8 rebounds per game.

Wake’s Collins declares for NBA draft without hiring agent

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WINSTON-SALEM, N.C. (AP) Wake Forest’s John Collins is entering the NBA draft but will not hire an agent and is keeping open the option of returning to school for his junior season.

In a statement Wednesday announcing the decision, Collins said he wants “to make an informed decision about what is best for my future.”

Collins is a 6-foot-10 forward who as a sophomore blossomed into one of the best big men in the Atlantic Coast Conference and was voted to the Associated Press all-ACC team.

He averaged 19.2 points and 9.8 rebounds, putting together a string of 12 consecutive 20-point games late in the season.

His progression was a big reason why the Demon Deacons earned their first NCAA Tournament berth since 2010. Kansas State beat Wake Forest in the First Four.

More AP college basketball: http://www.collegebasketball.ap.org

Porter, Jr. will ask for Washington release

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There may be an overwhelming assumption on where Michael Porter, Jr. – and his father – will ultimately end up, but the five-star recruit is said publicly that he see his re-recruitment process through.

Porter, Jr. said in a teleconference Wednesday that he will ask for his release from Washington, and his father, a former Huskies assistant, has been offered a job at Missouri by new Tigers coach Cuonzo Martin.

“Right now I’m just trying to take it slow with my family and weigh my options,” Porter Jr. said, according to the Kansas City Star. “I plan to get my (national letter of intent) from Washington back and just go from there, not saying that I’m not going to Washington anymore, but I just want to get it back and weigh my options.”

The prevailing thought has been that the Porters will ultimately land in Columbia, where they have significant history.

Still, it would appear at least publicly that Porter, Jr., a potential No. 1 pick in the 2018 NBA draft, will weigh his options in at least the short-term.

Calipari signs two-year extension with Kentucky

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Kentucky continues to take care of John Calipari.

The Wildcats coach has received a two-year extension, keeping him under contract in Lexington through the 2024 season, the school announced Wednesday.

The contract will pay Calipari $7.75 million next season and increase to $8 million per season thereafter.

“John has achieved consistent championship-level performance at Kentucky,” Kentucky athletic director Mitch Barnhart said in a statement. “No one in America is better suited for everything that comes with being the coach here. Not only has he attained incredible success on the court, he is also a leader in our community and in college basketball.

“We have been blessed to have him and Ellen here for the last eight years and we are blessed they will continue to call Kentucky home.”

Not only does the deal extend Calipari, but it continues to keep Kentucky competitive with the NBA, which would seem to be the only outlet that would even potentially tempt Calipari away from Kentucky. An NBA franchise would have to make him among the highest-paid coaches in the league to even match Kentucky financially.

Of course, given that Calipari has spurned interest from the league since returning to college in 2000, it seems unlikely that financial considerations would be the lone or heaviest variable in making a decision to move on.

Certainly, Calipari has an excellent thing going at Kentucky as the premier recruiting program in the country that has enjoyed serious success on the court, culminating in a 2012 national title and a 38-0 start to the 2015 season before a loss in the Final Four.

“The last eight years at the University of Kentucky have been a terrific ride,” Calipari said in a statement. “This extension shows our full commitment to each other. I believe this school is the gold standard and I’m so thankful and blessed that this university has given me this opportunity at this point in my career.”

The Wildcats face UCLA in the Sweet 16 on Friday.

Louisville’s Mitchell declaring for draft, won’t hire an agent

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Louisville’s Donovan Mitchell is the latest to decide to see what the NBA might offer.

“I have decided to test the waters and not hire an agent!” Mitchell wrote in an Instagram post Wednesday. “I am excited to work out this summer for teams and hopefully participate in the NBA combine! I want it to be clear I have not decided to leave Louisville!”

Mitchell, who is expected to be joined by dozens of players, is taking advantage of new NCAA rules that allow him to work out for teams and attend the NBA draft combine before making a decision on whether to remain in the draft and return to school.

Players have until May 24 to withdraw from the draft and return to school.

Mitchell averaged 15.6 points, 4.9 rebounds and 2.7 assists as a sophomore, shooting 40.8 percent overall and 35.4 percent on 3-point attempts.

The 6-foot-3 guard is projected as a potential first-round pick, but should he return, the Cardinals would project as one of the top teams in the country with nearly the entire core returning from this year’s 25-9 squad.