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Louisville Student Won't Get $38,000 He Won On Halfcourt Shot

A Louisville student made the shot of a lifetime, only to have the school revoke his winnings.

Louisville student Jackson Logsdon hit a layup, a free throw, a three-pointer, and a half-court shot to win $38,000 -- except he won't be receiving the money.

According to the Courier-Journal, Logsdon will not receive the money because he played basketball in high school. The contest stipulates that a contestant "could not have played high school basketball within the last six years."

Logsdon says the news hurts, but it's a bittersweet moment for him:

"It is a huge bummer as I am an out-of-state student," Logsdon told the Courier-Journal in an email Friday. "It would have went a long way to paying off student loans and anything in that manner. It was still an awesome experience and something I'll never forget. Very bittersweet though."

The 20-year-old had to be psyched after hitting the shot, only to be deflated upon finding out he won't receive the money.

The school did say they are working on an alternative gift, "so he doesn't go away empty handed."