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Can anyone break this down for those of us that are illiterate in lawyer speak or don't have the time to read through all the documents? Thanks
In short, shoe company executives (looks to be Adidas and Nike) were funneling money to players and their families in exchange for "coercing" them to attend certain schools. The schools identified in the lawsuit appear to be Louisville and Miami; however, certain coaches such as Chuck Person are also specifically named as being part of this but part of a separate and distinct lawsuit. In addition to illegally paying for players, the "student athletes" involved were also coerced/pushed toward using a specific agent and financial advisor if/when they were to make it to the NBA.
Basically, it's a packaged-deal. We pay you, and you play for us and when you turn pro you use our agent and financial advisor. We pay you $100,000 or $150,000 now and you eventually pay us back in the long run by letting us represent you and handle your millions down the road.
There's a little more to it than that (such as how the money was laundered in order to get to the players and their families), but in short that' sums it up.
Indictment, not lawsuit. Big difference.
Hope Greg Lansing's name doesn't come up
We can probably clear Evansville of any wrongdoing as well :biggrin:
Nah, Marty's smart. All of his bribes goes to foreign countries. If it's good for the goose...
Louisville is definitely involved here, too. If you read the docket, they're definitely "University-6."
The recruit appears to be Brian Bowen. He was paid $100,000 to attend Louisville, and amazing made his decision "out of nowhere" and was considered a coup for Louisville when he committed.
Rick Pitino is probably "shocked", and then after being hit with a huge punishment of "2 game suspension" for all of this, announces that he is disappointed once again in the NCAA.