?The Downfall of Louisville?

[WrenchFan69]

Louisville Basketball Coaching Hotboard

The list to replace Pitino has to start with two names: Oklahoma Thunder coach Billy Donovan and Boston Celtics coach Brad Stevens.

Probably the funniest thing I've ever read on this board. Needed this today, thank you

 

[huskymedic]

 

[huskymedic]

Despite winning seasons, University of Louisville athletics doesn't turn a profit

 

[huskymedic]

Rick Pitino raked in 98 percent of the money from University of Louisville's current Adidas deal

>>When University of Louisville athletic director Tom Jurich announced a new $160 million, 10-year deal with athletic apparel giant Adidas on Aug. 25, a reporter asked him if some of the proceeds would be shared with the university. “It’s for the athletic department,” Jurich replied. “It’s for these student-athletes. It’s been earmarked for them.”<<

>>In 2015-16, for example, $1.5 million went to Pitino under his personal services agreement with the apparel company while just $25,000 went to the program, according to a contract obtained by the Courier-Journal under the state public records act. The year before, Pitino also got $1.5 million, while the department banked just $10,000.

Under the existing and new contracts, any money that Adidas pays to University of Louisville coaches under personal service agreements is deducted from what the company gives to the athletic program.<<

 

[HuskiesAllDay]

Rick Pitino raked in 98 percent of the money from University of Louisville's current Adidas deal

>>When University of Louisville athletic director Tom Jurich announced a new $160 million, 10-year deal with athletic apparel giant Adidas on Aug. 25, a reporter asked him if some of the proceeds would be shared with the university. “It’s for the athletic department,” Jurich replied. “It’s for these student-athletes. It’s been earmarked for them.”<<

>>In 2015-16, for example, $1.5 million went to Pitino under his personal services agreement with the apparel company while just $25,000 went to the program, according to a contract obtained by the Courier-Journal under the state public records act. The year before, Pitino also got $1.5 million, while the department banked just $10,000.

Under the existing and new contracts, any money that Adidas pays to University of Louisville coaches under personal service agreements is deducted from what the company gives to the athletic program.<<

Slick Rick is gonna be SHOCKED again when someone tells him about this.

 

[CL82]

Despite winning seasons, University of Louisville athletics doesn't turn a profit

... but, but, but Univ. of Louisville is one of the most profitable Athletic Departments in the country. That's why the ACC chose them....

Actually, as it turns out, not so much...

Courier-Journal’s analysis of data collected by USA TODAY shows the athletic department got more money from the university in that second year – $7.4 million – than any of the nation's 25 largest programs.

.... but, but, but Univ. of Louisville has that sweetheart deal for their hoops arena! They pay practically nothing for using it. That money has to be going somewhere right?

Oh it's going somewhere....

In all of college sports, Louisville had the highest-paid athletic director ($5.4 million, taxable income), men's basketball coach ($5.1 million from the university alone) and baseball coach ($1 million base pay).

So it Louisville materially misrepresented it's financial status to the ACC, should that be enough to invalidate the invite? If I'm an ACC president I'm pretty pissed right now.

 

[ctchamps]

... but, but, but Univ. of Louisville is one of the most profitable Athletic Departments in the country. That's why the ACC chose them....

Actually, as it turns out, not so much...


.... but, but, but Univ. of Louisville has that sweetheart deal for their hoops arena! They pay practically nothing for using it. That money has to be going somewhere right?

Oh it's going somewhere....


So it Louisville materially misrepresented it's financial status to the ACC, should that be enough to invalidate the invite? If I'm an ACC president I'm pretty pissed right now.

Not as pissed as I am as a UConn fan. Although I'm still not giving out hope UConn ends up in the B!G and shortly afterwards the ACC implodes. That would be almost as great if not as great a moment as the 2014 NC with Bazz making that "This is what happens when you ban us" proclamation in front of Emmert.

 

[huskymedic]

Rick Pitino raked in 98 percent of the money from University of Louisville's current Adidas deal

>>When University of Louisville athletic director Tom Jurich announced a new $160 million, 10-year deal with athletic apparel giant Adidas on Aug. 25, a reporter asked him if some of the proceeds would be shared with the university. “It’s for the athletic department,” Jurich replied. “It’s for these student-athletes. It’s been earmarked for them.”<<

>>In 2015-16, for example, $1.5 million went to Pitino under his personal services agreement with the apparel company while just $25,000 went to the program, according to a contract obtained by the Courier-Journal under the state public records act. The year before, Pitino also got $1.5 million, while the department banked just $10,000.

Under the existing and new contracts, any money that Adidas pays to University of Louisville coaches under personal service agreements is deducted from what the company gives to the athletic program.<<

NYDN version: Pitino received 98% of the money from Adidas deal with Louisville

>>According to interim president Greg Postel, the school is deciding whether the Adidas deal is a good idea, given the current federal criminal complaint that is alleging that Adidas executives, sports agents and coaches worked together to pay top recruits to play at Adidas schools.<<

 

[shizzle787]

 

[shizzle787]

Tom Jurich enjoys unusual perks and extraordinary pay at University of Louisville

 

[huskymedic]

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

 

[ASweet3781]

SB Nation‏Verified account @SBNation 5m5 minutes ago


NC State fans are chanting 'FBI' at Louisville

The ACC must love that this will happen every time a Louisville team steps on the field/court forever.

 

[huskymedic]

Louisville lost to NC State tonight 39-25

Eric Crawford‏ @ericcrawford 11m11 minutes ago
Two days ago I had Louisville fans writing me worried that someone would lure Petrino away. Now they’re writing worried that they won’t.

 

[huskymedic]

 

[intlzncster]

It's gonna be Padgett sitting courtside by himself at this point. lol

 

[UConnRock]

It is truly amazing that these coaches remained in their duties when one of them was obviously Coach #1 in the indictment. Even if the school had no idea who Coach #1 is, they should have put all suspected coaches on administrative leave immediately after the details became public.

 

[Chuck]

At some point Louisville should just go full "Necessary Roughness" (or "The Replacements"). Toss the whole team and cobble together a team of lovable misfits. The old guy that was awesome but had to skip college because of a personal issue. A grad student that skipped his last year of eligibility to focus on academics. And don't forget the supermodel! Actually, while probably not as attractive as Kathy Ireland, I'm sure they have a binder full of hookers that they can call upon. If Louisville goes that route, I guarantee crazy hijinks will lead to an ACC Championship (and the old guy will make out with a professor)!

 

[huskymedic]

 

[Ha Who]

School in fullCYA mode

 

[tcf15]

It's gonna be Padgett sitting courtside by himself at this point. lol

And his dad: http://www.courier-journal.com/stor...gett-pete-padgett-informal-adviser/728053001/

Down two assistant coaches, interim Louisville men's basketball coach David Padgett has tapped his father for help.

Pete Padgett, who has coached nearly 40 years, flew in from Nevada on Friday and is serving as an informal adviser to his son.

 

[huskymedic]

Termination for just cause letter to Pitino (easier to read on mobile):

 

[80shusky]

At some point Louisville should just go full "Necessary Roughness" (or "The Replacements"). Toss the whole team and cobble together a team of lovable misfits. The old guy that was awesome but had to skip college because of a personal issue. A grad student that skipped his last year of eligibility to focus on academics. And don't forget the supermodel! Actually, while probably not as attractive as Kathy Ireland, I'm sure they have a binder full of hookers that they can call upon. If Louisville goes that route, I guarantee crazy hijinks will lead to an ACC Championship (and the old guy will make out with a professor)!

For some reason I'm picturing Rodney Dangerfield as the old guy, shooting free throws from between his legs.

 

[huskymedic]

Termination for just cause letter to Pitino (easier to read on mobile):

 

[WrenchFan69]

RJ officially bumped to coaching role today. Good for him

 

[huskymedic]

LOL...