If you were looking forward to the latest iteration of 2K Sport's College Hoops franchise, we've got some bad news. 2K Sports' parent company Take-Two has stated during a recent inquiry that they've cancelled College Hoops 2K9 due to licensing issues.

The news appears to have stemmed from negotiations gone sour between 2K Sports and the Collegiate Licensing Company (CLC). The CLC is responsible for the licensing and marketing of U.S. college teams for use in video games. Quoting Take Two's official word on the matter:

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.