"There's not an ounce of truth to it," Pitino told ESPN.com's Pat Forde. "I have no interest, period. I'm done with coaching professional basketball. I've put the professional ranks behind me."
Pitino's Cardinals are in New York for an important two-game Big East road trip against St. John's and Syracuse. Currently 15-8, Louisville needs to continue winning down the stretch to reach the NCAA Tournament. The Cardinals have won three of their past four games.
Pitino, who is in his ninth season at UofL, hasn't shown any signs that he's thinking about leaving Louisville. In fact, he's been out on the recruiting trail as hard as any coach in the country this season chasing prospects in the 2010, 2011 and 2012 classes.
Pitino also has assembled the nation's top-ranked 2011 class with commitments from 6-5 Chicago standout Wayne Blackshear, five-star center Michael Chandler, four-star big man Zach Price and Top 100 small forward Ryan Taylor.
Louisville will open their sparkling, new 22,000-seat downtown arena next season. Pitino has actively been seeking a 'name' opponent in recent weeks to open the Cardinals new facility.