Thursday, October 05, 2017

Louisville mess: 98% of Adidas cash went to coach, AD makes more than 4 academic departments

The University of Louisville's men's basketball program, which purportedly consists of amateur players, needs to be shut down immediately.

In fact the entire athletic department probably deserves to be shuttered too.

Is Louisville a college with an athletic program? Or is it an athletic program that offers some college classes?

From the Louisville Courier-Journal:
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 fact, under the current deal with Adidas, which expires July 1, 98 percent of the cash provided by Adidas goes to one person: Rick Pitino, the now-suspended head coach.

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.
Now about that athletic director.

From a different Courier-Journal article:
Over the past seven years, through a byzantine array of longevity and performance bonuses, base pay raises and tax subsidies, Jurich collected total compensation of $19,279,710, an average of $2.76 million per year.

Last year, his taxable income – enriched by the vesting of a $1.8 million annuity plus $1.6 million from the university to pay his taxes on it – totaled $5.3 million.

Although the annuity was earned over several years and will be paid out in $200,000 installments, his listed income last year was more than the university budgeted for its departments of Biology ($3.3 million), English ($4 million), History ($2.4 million) or Mathematics ($3.5 million).
Jurich has also been suspended from his lucrative post and efforts to fire him, as well as Pitino, are underway. The Cardinals' basketball team was already on NCAA probation because of a prostitution scandal involving recruits when a $100,000 bribery allegation to the family of a recruit came to light in an FBI investigation. Pitino, who is enshrined in the Basketball Hall of Fame, claims ignorance of these outrages.

When will Pitino be removed from that hall of fame? Or does that institution have no sense of honor?



2 comments:

OldSouth said...

Thanks for calling for shutdown of U of L basketball, and perhaps the whole program.

I am a U of L alum, and have watched this fiasco from afar for some years.

An audit is called for--floor to ceiling, every program within the athletic department. It begins to smell like a criminal enterprise operating under the protective umbrella of a university. Only a forensic audit will tell the tale.

Thanks for covering this story.

John Ruberry said...

You are most welcome. And this story will spread well beyond Louisville. There is too much money out there for it not to be misused.