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By ADAM ADKINS | The Tampa TribunePublished: January 11, 2011Updated: 0 min. agoRELATED LINKSPrevious: Leavitt denies chargeBulls Report: Blog updatesTAMPA - The University of South Florida and former football coach Jim Leavitt reached a settlement in Leavitt's wrongful termination lawsuit, with the university agreeing to pay Leavitt $2.75 million.The agreement was announced jointly by the school and Leavitt's attorneys Tuesday evening."I'm grateful for the love and support of my family and all of the great people of Tampa Bay. I will always cherish my time here at USF and what we built together," Leavitt said in a statement.Leavitt, the first coach in program history, was fired in January 2010 after a university investigation determined Leavitt struck football player Joel Miller during halftime of a Nov. 21, 2009, game against Louisville.Under terms of the agreement, Leavitt will receive $2 million in salary and benefits, plus $750,000 to acknowledge his "contributions to building USF's nationally respected football program."