University president Robert Witt said Saturday that Price failed to live his "personal and professional life in a manner consistent with university policies."
Price, hired away from Washington State in December, lost his job because of his conduct on a trip to Florida last month for a pro-am golf tournament. Witt disclosed for the first time that Price was warned before that trip about his public behavior.
"To the university and the entire 'Bama Nation, I admit making mistakes and at times inappropriate behavior, but I also ask for your forgiveness," Price said.
Reports emerged during the week that Price spent hundreds of dollars at a topless bar and, the next morning, a woman ordered about $1,000 of room service and charged it to his hotel bill.
The 57-year-old Price, his wife and the two sons he hired for the Alabama coaching staff sat with the media for a brief public session with university trustees Saturday.
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After Witt announced the firing, a tearful Price was alternately apologetic and defiant in speaking to an auditorium packed with reporters and fans. He said he asked Witt for a second chance, but the president declined.