Take-Two has just confirmed what many rumors earlier this morning were hinting at: the 2009 iteration of the College Hoops series has been canned. Kotaku, which originally broke the rumors of a breakdown in negotiations with the license holders for collegiate B-ball, received a statement from the company stating the following:

2K Sports has decided not to continue negotiations with the CLC for the license for its top-rated College Hoops franchise, which would have been released next in November 2008. We are committed to providing fans with high-quality, critically-acclaimed sports games, but given our disciplined approach to the business, we do not believe the current discussions would result in an acceptable outcome.

Yikes. At this time, no EA involvement is confirmed, nor is there any comment from the folks at the CLC.

[Update]: David Tinson, director of EA Sports public relations has issued a statement on behalf of the company.

2k and CLC are in the best position to comment on College Hoops.
EA is in the middle of a long-term license with the CLC and we expect to stay in the college basketball category.