University of North Carolina Chancellor Carol Folt says this "isn't a time of celebration" after her school avoided major penalties from the NCAA in a multi-year academic case investigation.
 
An infractions panel announced Friday that it could not conclude academic violations took place at the university, and Folt said it  was "the correct and fair outcome."
 
The focus of the investigation was on independent study-style courses in the formerly named African and Afro-American Studies department.
 
Athletic director Bubba Cunningham acknowledged that "we had some things . that we haven't been proud of."
 
But he added that "sometimes the behavior you're not proud of doesn't quite fit into a bylaw or a rule or something."