20-year old Jackson Logsdon, a University of Louisville student, participated in a halftime competition during a recent Cardinals women's basketball game in which he had a chance to win $38,000.

In order to win the grand prize, Logsdon had to hit a layup, free throw, three pointer and half-court shot before time ran out. And he did.

But the University is refusing to pay him the $38K because he played basketball in high school.

According to the Courier-Journal, the kid found out he wouldn't be receiving the money because of a clause which stated participants could not have played high school basketball within the last six years.

"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."

A University of Louisville athletics spokesperson said they are still "excited for him" and working on something so he doesn't go away empty handed.

"The contest was administered by Million Dollar Media, and unfortunately, the student didn’t meet a couple of the stipulations, which are very specific. However, we are excited for him and are working on some items, so he doesn’t go away empty handed."

Hey, sorry about the 38 grand, but enjoy this free Louisville t-shirt and a signed basketball!