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Josh Shaw, the Southern California senior cornerback who said he sprained both ankles while rescuing his 7-year-old nephew from a pool Saturday, admitted Wednesday that he made up the entire story.

Shaw, who has been suspended indefinitely by the team, did not completely clear up the questions about how the injury occurred.

"We are extremely disappointed in Josh," USC coach Steve Sarkisian said. "He let us all down. As I have said, nothing in his background led us to doubt him when he told us of his injuries, nor did anything after our initial vetting of his story."

Shaw retained outside counsel in Donald Etra, who has represented celebrities such as Snoop Dogg and Rihanna. Etra released the following statement from Shaw:

"Saturday, Aug. 23, I injured myself in a fall. I made up a story about this fall that was untrue. I was wrong to not tell the truth. I apologize to USC for this action on my part. My USC coaches, the USC athletic department and especially coach Sarkisian have all been supportive of me during my college career, and for that I am very grateful."

Etra said Shaw fell from a balcony in Los Angeles and injured both ankles.

"There is no criminal aspect to this whatsoever," Etra said.

When asked if alcohol was a factor, Etra said there was none involved and his client did not drink.

USC said it regretted posting the initial story on Shaw on its athletics website.

Earlier Wednesday, a high-level person in the athletics department who spoke on the condition of anonymity told USA TODAY Sports that a number of department officials had expressed skepticism. The person, who requested anonymity because the investigation was ongoing, said Shaw was told the media were unlikely to buy his story.

RELATED: USC Investigating Shaw's Heroic Story

Contributing: David Leon Moore | August 28, 2014

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