Looks like Hitt got off easy.

UCF probe leads to firings Four administrators will be terminated after an outside investigation found the university had violated funding rules

By Annie Martin Orlando Sentinel

Four high-ranking UCF administrators will be terminated after an outside investigation found they were involved in the decision to use money from an improper source to replace an aging academic building.

A “broken culture” led the employees to use $38 million in leftover operating dollars to build Trevor Colbourn Hall, a violation of state university funding rules, President Dale Whittaker said Friday.

At a meeting Friday, the Board of Trustees also accepted former President John Hitt’s request to sever ties with the university he led for 26 years until his retirement last year. When he stepped down he was given a one-year, $300,000 contract as “president emeritus,” a fundraising-focused role. He’ll retain the emeritus title.

It was unclear whether Hitt’s resignation was related to the Trevor Colbourn Hall investigation.

Can't link properly to the article in today's paper.