The condition "has begun to affect his memory and aspects of his daily life," the statement reads.
Huggins won 935 games as a college basketball coach and reached 26 NCAA Tournaments, including two Final Four runs. In addition to coaching the Akron Zips, Huggins had stints at Walsh (NAIA), Cincinnati, Kansas State and West Virginia.
He's set to be inducted into the University of Cincinnati Athletics Hall of Fame on Friday night, Oct. 23.
"Although Bob and his family recognize the challenges that lie ahead, they remain focused on the relationships, experiences and moments that bring him joy," the statement said. "The family respectfully asks for privacy, compassion and understanding as they navigate this next chapter together."
The statement from the family said they chose to keep Huggins' health matters private over the past several months, but that they decided to share the news prior to his Hall of Fame induction.
He was inducted into the Naismith Memorial Basketball Hall of Fame back in 2022.
How old is Bob Huggins?

Huggins is now 73 years old.
What was Bob Huggins' coaching record with the Akron Zips?
During his time coaching Zips basketball, Huggins compiled a 97-46 coaching record for a 67.8% winning percentage. That included one conference championship and one NCAA Tournament berth.
Huggins is fourth on the Zips' all-time college basketball coaching wins list behind Keith Dambrot (305 wins), John Groce (197 wins) and Dan Hipsher (112 wins).
Only Dambrot and Groce guided the Zips to more NCAA Tournament appearances.
What was Bob Huggins' coaching record with the Cincinnati Bearcats?
During his 16 years at the helm of Cincinnati Bearcats basketball, Huggins compiled a record of 398-128 for a sterling 75.7% winning percentage. That makes Huggins the winningest coach in Bearcats basketball history, which included 14 consecutive NCAA Tournament appearances while with Cincy.
"Bob is deeply grateful for the tremendous honor being bestowed upon him by the University of Cincinnati," his family said in the statement. "His years leading the Bearcats represent an unforgettable chapter in his life, filled with cherished relationships, remarkable accomplishments, and memories that will always hold a special place in his heart."
This article originally appeared on Akron Beacon Journal: Ex-Akron coach and Hall of Famer Bob Huggins diagnosed with cognitive condition