Report: Rick Pitino took in 98 percent of the cash from Louisville's current Adidas deal

Search
Joined
Jan 17, 2007
Messages
99,709
Tokens
<iframe width="640" height="360" src="http://www.espn.com/core/video/iframe?id=20932894&endcard=false" allowfullscreen frameborder="0"></iframe>
 
Joined
Jan 17, 2007
Messages
99,709
Tokens
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.


Adidas spokesperson Katja Schreiber told ESPN that the new deal with the school -- a 10-year, $160 million pact that Louisville and the shoe and apparel company announced in late August -- has different terms.


Schreiber said that in a typical college deal, Adidas agrees to provide cash and an allotted free-product budget and allows the university to delegate how it wants the cash shared. In the case of the new deal, Schreiber said all the cash will be earmarked to the school.
Although Schreiber said it "was the plan all along" for the Adidas money in the new contract to go to the school, it is unclear why that was made the case. Schreiber said she couldn't get into more specifics.


Such contracts with schools and coaches vary. Some include shoe and apparel compensation in a coach's contract, while others keep a personal services contract with the coach that is separate.


Louisville interim president Greg Postel said Monday he is planning to learn more about the school's $160 million sponsorship extension with Adidas, which is the sixth-largest shoe and apparel deal in terms of total money in college sports.

Postel criticized athletic director Tom Jurich, who is on paid administrative leave, in his disciplinary letter to the AD for failing to update the athletic board about that extension.


Postel also was authorized Monday to begin the process to fire Pitino because of a federal bribery investigation, a scandal that has shaken the university and brought down one of the most prominent coaches in college basketball.


The Louisville Athletics Association, a separate body of officials that oversees the school's sports programs, unanimously approved a resolution to fire Pitino after meeting for more than two hours on Monday.


Pitino was placed on unpaid administrative leave last week after law enforcement officials announced the probe and the school acknowledged its inclusion in the investigation. Though Pitino is not named in court complaints, Postel said the allegations violated his contract and provided just cause for Pitino to be placed on unpaid leave.
 

I'm from the government and I'm here to help
Joined
Sep 21, 2004
Messages
32,908
Tokens
slick rick

he never claimed to know a thing going on in his program but he knew about sponsor money
 

Member
Joined
Sep 21, 2001
Messages
15,877
Tokens
He has a house on the water on one of the most exclusive islands in Miami - at least 10 mil
 

New member
Joined
Sep 21, 2004
Messages
6,814
Tokens
10 mil..lol..just for hookers...those who compete win, those who play by the rules..>>losers..
 

Active member
Handicapper
Joined
Jun 18, 2007
Messages
76,536
Tokens
He's a crook.....Greedy bastard.
 

Banned
Joined
Nov 4, 2009
Messages
12,115
Tokens
Man, if this is True Ricky is in a Very Very Bad Spot.

Ricky's Denials of Everything could conceivably come Crashing DOWN.


Man.....Ricky's House constructed from "Playing Cards" if this Reporting is True.....

could come crashing Down. All.
 

Active member
Handicapper
Joined
Jun 18, 2007
Messages
76,536
Tokens
He can get over on the NCAA.....F.B.I. is a different ballgame.....He's done.
 

Member
Joined
Sep 21, 2001
Messages
15,877
Tokens
is that the one in Bal Harbour ?

oh wait you said Island, where's that ??

I know he had one on Indian lake, but he sold it ? I think

Yeah the zip code may be Bay Harbor but its Indian Creak - the Estefans have 4 lots for sale for 150 mil - theres only like 20 homes there - i know Shula lives there
 

Banned
Joined
Nov 4, 2009
Messages
12,115
Tokens
Adidas spokesperson Katja Schreiber told ESPN that the new deal with the school -- a 10-year, $160 million pact that Louisville and the shoe and apparel company announced in late August -- has different terms.

Schreiber said that in a typical college deal, Adidas agrees to provide cash and an allotted free-product budget and allows the university to delegate how it wants the cash shared. In the case of the new deal, Schreiber said all the cash will be earmarked to the school.
Although Schreiber said it "was the plan all along" for the Adidas money in the new contract to go to the school, it is unclear why that was made the case.



Schreiber said she couldn't get into more specifics.
.

Katja Schreiber has an Interesting Job Right Now. :):) At Least She is "Staying Busy" :):) Lotta Stuff for her to do, Her Workday passing...Quickly.

Thats a Blessing. Katja ain't willing to Discuss More Specifics

cuz Fire Under Her ASS Is heating up Verily and The Thread that if it gets pulled to Unravel Some Serious Shit, that Thread is in Plain Sight.

In More Plain a'Sight than they ever imagined that thread would become.


Katja Trippin', right now....prolly sending out Resumes ending in That Salutation: "Please Get Me The Fuck Out of HERE." :):) I din't want this damn job no more.


NCAA offices in Indianapolis a'Scramble to SQUISH THIS though.....and get That Thread Hidden, again. Concealment.
 

Active member
Handicapper
Joined
Jun 18, 2007
Messages
76,536
Tokens
I'll post a pic of his home.
 
Joined
Jan 17, 2007
Messages
99,709
Tokens
Yeah the zip code may be Bay Harbor but its Indian Creak - the Estefans have 4 lots for sale for 150 mil - theres only like 20 homes there - i know Shula lives there

Yeah no where it is... thought he owned two there and sold one a while ago
I just remember one being a Lot more than the other
 

Banned
Joined
Nov 4, 2009
Messages
12,115
Tokens
You Think Kneeling in NFL Made a Total Shitstorm?

The "Angle" that "The Folks" could Work on this, Shoe Company $$$$ then if those folks Connect Some Dots

that are right in their Black Faces

Shit, had I been Born Black, ya'll would Already be Dealing with This.

Would make that NFL Outrage look like crying over spil't Milk, by Comparison.


I Genuinely Pray that they don't get them Dots Connected.....in any of their brains.

Realistically though: seems like just a matter of time till they do. Some "White Knight" probably Diagrams "The Cause" out for Them.

Ya'll might do well to prepare yourselves for a Total "Shitstorm." .............."oppression", More Cries of That but Louder.



That NCAA Office has to Squish This.
 

Member
Joined
Sep 21, 2004
Messages
4,245
Tokens
how much do these goddamn shoe companies make if 1 company is throwing 16million a year at 1 school.....thats more ridiculous to me then anything i read.
 

Banned
Joined
Nov 4, 2009
Messages
12,115
Tokens
how much do these goddamn shoe companies make if 1 company is throwing 16million a year at 1 school.....thats more ridiculous to me then anything i read.

Man You have Zero Clue how many humans are on this planet right now that have feet.
 

Forum statistics

Threads
1,106,908
Messages
13,439,542
Members
99,345
Latest member
08winlink
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com