The full audio of Gordon Gee's comedy routine is now on the internet. SI summarizes most of it here along with the full audio:
That's gold, Gordon. Gold.
EDIT: Louisville's president's response:
"I would say in that particular president's case, it's not unusual at all, to make statements, and then have to retract them later," UL president Dr. James Ramsey said. " I thank my lucky stars I'm not president of Ohio State and had some of the probation problems and some of the NCAA problems that they've had."