But, he said, the investigation of the Hurricanes' basketball and football programs will go on after a 27-day external review of the NCAA enforcement division's handling of the case.
Yahoo! Sports reported NCAA enforcement chief Julie Roe Lach has been fired, which Emmert declined to confirm.
The review, carried out by the law firm of Cadwalader, Wickersham & Taft, determined enforcement staffers went against NCAA legal advice in paying a bankruptcy attorney for former Miami booster Nevin Shapiro to share court depositions with them.
Shapiro, who is serving a 20-year prison sentence for operating a high-stakes Ponzi scheme, claimed to have given improper benefits to Hurricanes athletes over many years.
Calling the Miami probe a "debacle," Emmert said, "This is an outcome nobody wants to see on their watch, or anyone else's. It's something that's an embarrassment to our association and our staff. ... This is not a good situation at all."
Swim Week Miami Beach 2014 [PHOTOS]