"This is a sad day for the University of Arkansas and Razorback sports. After a thorough review, Vice Chancellor and Director of Athletics Jeff Long has made his decision.
"Mr. Petrino's contract establishes a process by which he may have his termination decision reviewed. Under that process, the review would ultimately come to me for consideration and action.
"Given my role in the review process as Chancellor, I must decline further comment on today's announcement."
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