This is a Tweet I'm copying:

"I am hearing UL will announce a self-imposed ban from the NCAA Tournament this season"

News conference at 1:30.

indeed... espn:

Pitino said he informed the players of the decision about an hour before the news conference. The postseason ban hit hardest for the team's two leading scorers, graduate transfers Damion Lee and Trey Lewis, both of whom came to Louisville so they could play in the NCAA tournament for the first time in their careers as seniors.