Earlier this week, a Louisville Final Four ring from 2012 was found on the website of sports memorabilia auction house Grey Flannel. Etched onto the ring is the name and jersey number of forward Chane Behanan.
On Wednesday morning, there was an update: the auction for Behanan's ring has been canceled.
According to the auction house's website: "We have been informed by Chane's mother that this NCAA Final Four ring was indeed stolen from the Behanan family. This lot has been removed from the sale. Please place no bids."
As the Louisville Courier-Journal points out, there have been past examples of college athletes selling memorabilia or uniforms -- and the ensuing punishments.