CINCINNATI - Bob Huggins tearfully thanked fans for their 16 years of support Thursday, while lawyers for the ousted coach and the University of Cincinnati failed to finish the details of his $3 million contract buyout.

Huggins agreed to step down on Wednesday, a day after the school warned he would be fired if he didn’t resign. He agreed in principle to a $3 million buyout for the rest of his contract, with details to be worked out.

“We’re still talking about the (buyout) language,” said Richard Katz, the coach’s lawyer.

Katz said he and the university’s lawyer have other obligations and probably won’t complete the deal until next week.

The sides are discussing when he will leave and how much he will get. The school is willing to let him stay in an advisory role for three months, easing the transition to an interim coach.

Huggins led Cincinnati to No. 1 rankings, a Final Four and 14 consecutive NCAA tournament appearances during his 16 seasons at Cincinnati. The Bearcats also had numerous player arrests and violations during his tenure, earning an NCAA probation.

Huggins appeared at a supportive rally organized by a local radio personality on Thursday night, telling fans they were like family to him.

“I just wanted to stop by and say thanks, it was 16 wonderful years,” Huggins told the crowd, pausing between sentences to collect his thoughts and his composure. “Give me a minute here. Honestly, I don’t know what to say, but thanks. It’s been 16 great years.”

COLLEGE BASKETBALL Bob Huggins career highlights 1978-80: Assistant coach at Ohio State. 1980-83: Head coach at Walsh College. 1983-84: Assistant coach at Central Florida. 1984-89: Head coach at Akron. 1989-90: Leads Cincinnati to 20 wins, NIT in first season. 1991-92: Bearcats win the conference title, earn first NCAA appearance in 15 years and only Final Four of his career. 1992-93: Wins 27 games, makes Elite Eight. 1995-96: Won the initial Conference USA regular-season, tournament titles and reaches Elite Eight again. 1996-97: No. 1 in preseason rankings, the Bearcats’ first time at No. 1 in 34 years. 1998: NCAA docks Cincinnati three scholarships and puts it on two years of probation for violations, concluding there was a lack of institutional control over Huggins’ program. 1999-2000: Center Kenyon Martin breaks leg during Conference USA tournament, scuttling chances of another run at the national title. 2003: Huggins has massive heart attack in Pittsburgh on Sept. 28. Returns to coaching on Oct. 12. 2004: Arrested for drunken driving in suburban Fairfax on June 7. Suspended by the university on June 12. Pleads no contest and was convicted on June 15 and is ordered to attend an alcohol education course. Reinstated by the university on Aug. 27. 2005: University refuses to extend his contract on May 16, Huggins agrees in principle to leave the job on Wednesday.

His arrest and conviction for drunken driving last year upset president Nancy Zimpher, who was hired in 2003 to elevate the school’s national profile. She wanted Huggins and his coaches to be better role models and recruit studious players who would stay out of trouble.

The two sides have clashed over a contract extension since May, setting the stage for his forced departure.

At the rally held at a sports cafe, Huggins recalled some of the Bearcats’ most successful seasons.

“But more important than that, the way our guys have turned out, the way they’ve represented this city, the way they’ve represented me, the way they’ve represent you — I’m extremely proud and certainly forever indebted to them,” Huggins said. “Thanks.”

The university was accepted into the Big East largely because of the basketball program’s success. The team will have to slog through its inaugural season with an interim coach — Huggins’ successor won’t be picked until next year — and no chance to land top recruits.

The school is expected to announce on Friday that Huggins’ top assistant, Andy Kennedy, will be the interim coach.