NCAA BASKETBALL CORRUPTION SCHEME

[ArgentCy]

Man the only thing wrong with this scandal it that it didn't break in June when we have nothing else to talk about. That and if a certain school with a 14 year conference winning streak doesn't get mentioned.

 

[FinalFourCy]

Hoping for bluebloods, expecting lower SEC programs.

Yes, it's the FBI, not the NCAA.

 

[mb7299]

Sounds like the academic scandal repercussions for UNC are a few minutes from being made public.

 

[3GenClone]

http://www.espn.com/mens-college-ba...8-percent-cash-louisville-current-adidas-deal

Suspended Louisville basketball coach Rick Pitino received almost all of the cash that Louisville received from Adidas in the school's expiring deal with the shoe company, according to a report, though an Adidas spokesperson said all the money in the new deal recently signed is earmarked to the school.

The Louisville Courier-Journal reported on Thursday that Pitino received 98 percent of the cash Louisville was to receive, which is roughly $1.5 million a year for five years through July 1.

https://deadspin.com/rick-pitino-and-tom-jurich-made-ungodly-amounts-of-mone-1819196199

As the Courier-Journal (who has been all over this) also reported today, Jurich makes more than twice as much money per year as the second-highest paid athletic director in the country. His taxable income last year was $5.3 million, which is more than several prominent academic departments at Louisville, such as Biology, English, and Mathematics. Kentucky state records have him making just over $500,000 a year, although a school spokesman told the the Courier-Journal that his actual base pay was now $1.3 million. His total compensation shakes out to quadruple his base pay with the addition of the vesting of a $1.8 million annuity and exorbitant benefits from Louisville. Here’s how Louisville ended up paying him so much, via the Courier-Journal:

• Making some compensation tax-free by “grossing” it up, or essentially paying the taxes for him. This was a $1.6 million benefit to him in 2016.
  
• Paying Jurich 160 percent of the cost of his life insurance policy, and allowing him to keep the overage. Employer-paid policies are common for athletic directors, but sweetening the deal is not.
  
• Paying him as much as $30,000 per year to hire financial advisers to help manage his money, as well as paying taxes on that perk.
  
• Providing $12,000 per year to cover the cost of two vehicles. Coaches and ADs commonly get allowances for one car, but not for two.
  
• Buying memberships in two high-end private golf clubs — Hurstbourne and Lake Forest, where membership fees are $28,000 and $25,000, respectively. That’s in addition to membership at the university’s own Cardinal Club course. The university also pays Jurich’s annual club dues and covers his required monthly minimum bar and food bills – an $11,260 benefit in 2015, the most recent year available from the athletic department.
  
• Providing 16 Skye Terrace seats each year for the Kentucky Derby and Oaks. According to the track’s website, eight premium seats would sell for $24,000 per year.
  
• Guaranteeing eight football and basketball season tickets for life — and not just his life. The seats, valued at about $11,500 per year, are property of the Jurich family for the lifetimes of his wife and children, as well.

Meanwhile, the athletic department ran a deficit of $9 million for the 2014-15 and 2015-16 years, a gap which was bridged by heavy subsidies from the university.

 

[BillBrasky4Cy]

Sounds like the academic scandal repercussions for UNC are a few minutes from being made public.

Spoiler alert....Slap on the wrist

 

[3GenClone]

Sounds like the academic scandal repercussions for UNC are a few minutes from being made public.

The ruling has been delayed:
http://www.newsobserver.com/sports/college/acc/unc/unc-now/article177205461.html

The NCAA’s final investigative report in the long-running UNC-Chapel Hill case will not be released on Friday, as was originally intended, the university announced on Thursday.
...
Hours after the NCAA sent that email, though, the university announced that the NCAA’s final report would not be released on Friday due to “scheduling circumstances.” UNC on Friday is set to announce a multibillion-dollar fundraising campaign, and campus events are scheduled throughout the weekend.​

 

[FerShizzle]

Spoiler alert....Slap on the wrist

https://www.usatoday.com/story/spor...ractions-decision-academic-scandal/735190001/

Looks like 3Gen beat me to it. The release of the ruling has been delayed.

 

[FerShizzle]

The NCAA’s final investigative report in the long-running UNC-Chapel Hill case will not be released on Friday, as was originally intended, the university announced on Thursday.
...Hours after the NCAA sent that email, though, the university announced that the NCAA’s final report would not be released on Friday due to “scheduling circumstances.” UNC on Friday is set to announce a multibillion-dollar fundraising campaign, and campus events are scheduled throughout the weekend.

What a freaking joke. Who's schedule was inconvenienced? All you are doing is releasing a report.

 

[ArgentCy]

http://www.espn.com/mens-college-ba...8-percent-cash-louisville-current-adidas-deal



https://deadspin.com/rick-pitino-and-tom-jurich-made-ungodly-amounts-of-mone-1819196199

Those two should end up behind bars for a LONG time for extorting the stupid tax payers of Kentucky.

 

[TykeClone]

The ruling has been delayed:
http://www.newsobserver.com/sports/college/acc/unc/unc-now/article177205461.html

The NCAA’s final investigative report in the long-running UNC-Chapel Hill case will not be released on Friday, as was originally intended, the university announced on Thursday.
...
Hours after the NCAA sent that email, though, the university announced that the NCAA’s final report would not be released on Friday due to “scheduling circumstances.” UNC on Friday is set to announce a multibillion-dollar fundraising campaign, and campus events are scheduled throughout the weekend.​

"Scheduling circumstances" = "Don't want to interfere with the FBI press conference"

 

[3GenClone]

 

[Go2Guy]

So, do I understand this correctly:
+ Kansas is in the final negotiatons to sign a 14-yr / $190 MM deal with Adidas.
+ Adidas has a couple employees under interrogation with the FBI for funnelling money to family members of AAU athletes, whose teams Adidas sponsors.
+ KU insists none of the Adidas employees under investigation, including the Dir of Global Marketing (Gatto), have not been involved with the contract negotiations, even though this will be Adidas' largest MBB client. ?@??
+ Kanasas has signed numerous Adidas AAU players to scholarships in recent years; namly Andrew Wiggins, whose Adidas contract will expire this year.
+ a couple other Kansas - NBA players have Adidas shoe contracts.
+ Adidas has a ve$$ted interest in the success of MBB as Kansas, but we fans are supposed to believe Bill Self and his assistants have no knowledge of their recruits getting shoe money....

 

[scyclonekid]

Kansas is dirty, I hope they get busted.

 

[harimad]

Kansas is dirty, I hope they get busted.

IF that is true, and consequences happen, the downside will be that the 14-year run of conference titles won't end on the court, but rather in a courtroom.

 

[Yellow Snow]

IF that is true, and consequences happen, the downside will be that the 14-year run of conference titles won't end on the court, but rather in a courtroom.

I'm cool with that. The 14 year run fueled by paying players should be ended in a courtroom.

 

[ImJustKCClone]

I'm cool with that. The 14 year run fueled by paying players should be ended in a courtroom.

I agree...IF the players were paid. There's a helluva lot of smoke, though...

 

[jdoggivjc]

IF that is true, and consequences happen, the downside will be that the 14-year run of conference titles won't end on the court, but rather in a courtroom.

I actually can't think of a better way for this to end for KU - a corrupt program that dominated a conference for 14 years has their run come to an end because the Feds came down on them and ended it for them.

 

[KennyPratt42]

I agree...IF the players were paid. There's a helluva lot of smoke, though...

There is no if, there are people around in the basketball community that know exact amounts Kansas players were paid. Its only a matter of if there is a paper trail/evidence.

 

[TykeClone]

There is no if, there are people around in the basketball community that know exact amounts Kansas players were paid. Its only a matter of if there is a paper trail/evidence.

And FBI agents are actually good at tracing money when they need to be.

 

[ImJustKCClone]

There is no if, there are people around in the basketball community that know exact amounts Kansas players were paid. Its only a matter of if there is a paper trail/evidence.

I understand there is a lot of talk...
I'm fairly confident there is reason for it.

However, it's that "paper trail/evidence" thing that we have to wait for. Trust me - I have NO love for KU basketball and nothing would please me more than to see their insufferable tavern fans taken down a notch or two (or 14). I'll be first on the bandwagon if we start seeing indictments.