Price, a 6-foot-10, 250-pound center, signed with Louisville in 2011 and played two seasons there before transferring to Missouri.
While sitting out the 2013 season because of transfer rules, Price was dismissed from the program after being arrested on suspicion of domestic assault.
Price pleaded guilty to one count of misdemeanor careless driving and two counts of misdemeanor disturbing the peace, receiving two years of probation and 80 hours of community service.
Winthrop said he has already completed his community service and is awaiting the NCAA's decision on whether he can play this season.
"We put the ultimate emphasis on the evaluation of one's character when considering who to bring into our program," Winthrop coach Pat Kelsey said. "We found the incident involving Zach to be isolated and the content of his character to be very solid. Our due diligence was extensive and we found him worthy of a second chance.”
Price averaged 1.2 points and 1.4 rebounds during Louisville’s national championship season in 2012-13.
- Scooby Axson