?The Downfall of Louisville? | Page 9 | The Boneyard

?The Downfall of Louisville?

don356 said:
Pitino's position in all this almost laughable. They could have likely terminated him with cause for the stripper deal not even considering this pay to play deal. When it comes to blame for anything in the program he acts like he's an independent contractor with no responsibility for the program. He wasn't canned for he stripper deal because they didn't want to blow up the program plain and simple. If i were Louisville i would not pay him a nickel until i've exhausted every legal appeal. The a.d. is a little more complicated matter.
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You would pay Quick to keep his mouth shut. The Univ. Of Louisville will eventually do the same. Think of the just the last two scandals: Hookers in dorm rooms and now pay-for-play. I have to believe Quick was involved in more dirt than just what he was caught doing. The B.O.T. of Louisville would have to believe the same. They need Quick to go gently into that good night......so to speak.
 
I get the Jurich thing. There are always going to be a bunch of big donors who will have k a guy like that. You only need to look at the Art Briles supporters at Baylor to understand what is going on. Jurich built not just a single program but the entire department. But I think both Postel and the Board have been having issues with him recently and while it will take a while he will be gone. With luck he will do serious damage on the way out though.
 
Worth the longer read:


>>Turns out, the school’s endowment isn’t worth as much as it was billed to have been worth.<<
 
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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.

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When Louisville gets dumped from the ACC come talk to me about their downfall, and with what I read about that not happening they will be back in business and in better conference position than us with all of those advantages in just a few years.
 
huskymedic said:

>>The new contract includes a pretty major escape hatch for Adidas. A brand-new clause in the recent contract extension says that if U of L ceases to be considered an “elite” university compared to Adidas’ other schools, U of L would have to negotiate with Adidas “to remedy” the issue. <<
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That would be kind of ironic since their company was the prime instigator in the scandal. Principal liable for the acts of their agents. Like to hear from the attys on this or should it be switched to the cesspool?
 
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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.<<
 
huskymedic said:
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.<<
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Slick Rick is gonna be SHOCKED again when someone tells him about this.
 
huskymedic said:
Despite winning seasons, University of Louisville athletics doesn't turn a profit
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... 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.
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.... 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).
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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.
 
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CL82 said:
... 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.
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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 said:
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.<<
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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.<<
 
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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)!
 
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