It was given on the basis that Thomas would soon be a professional athlete and would have the means to pay off the line of credit. It really isn't that difficult to figure this out. There is literally no other scenario that makes sense. It's not like Lance Thomas was Shareef O'Neal. He had no other sources of revenue to make the payments other than his impending professionalism.
De Sousa being held out at KU
- Thread starter senonesy
- Start date
The loan was due in 15 days... did the store think he was getting drafted and paid in the middle of December?
The PUKE (teflon) will never have any violations attached to it or so I've been told!
https://www.ncaa.org
"Extra Benefits":
- "One area that causes concern and raises the greatest number of questions involves a student- athlete or his family member’s receipt of an “extra benefit.”
- An extra benefit is defined as any special arrangement by an institutional employee or booster to provide a student-athlete or the student-athlete’s relatives or friends a benefit not authorized by the NCAA.
- The receipt of a benefit not authorized by NCAA regulations by a student-athlete or his parents, relatives or friends will immediately place the student-athlete’s eligibility for intercollegiate athletics competition in jeopardy.
- A parent may not sell memorabilia from their student athlete's athletic accomplishments.
- Parents or student-athletes selling memorabilia can jeopardize eligibility.
- Extra benefit rules apply to both student-athletes and parents.
- To provide a student-athlete (or a student-athlete’s relative or friend) a benefit that is not generally available to other university students and their relatives and/or friends, or, is not expressly authorized by the NCAA legislation.
- Examples of extra benefits include, but are not limited to, the following:
- A loan of money, regardless of temporary nature of loan, intent to pay back the value, or whom the loan is from (i.e. parents of teammates are not appropriate persons to offer loans to student athletes.)
- A special discount, payment arrangement or credit on a purchase or service (e.g., dry cleaning, legal representation)
- Free or reduced-cost housing; (ZW much?)
- Transportation, an automobile or use of an automobile;
- Services (e.g., movie tickets, dinners, use of a car) from commercial agencies (e.g., movie theaters, restaurants, car dealers) without charge or at reduced rates; and
- Cash, gift certificates or other items with value."
"The first and most obvious question for NCAA investigators: Where did a college senior, the son of a single mother who is a manager at a Ford plant in New Jersey, according to Duke's website, come up with that sort of cash to drop on something as frivolous as jewelry?
The second and more complicated question: Did Rafaello & Co., a New York-based jeweler with a website that touts its client list of rappers and pro athletes, extend an opportunity to Thomas to pay less than a third of the purchase in advance because of who he is? Because, in other words, he played for Duke?"
https://www.al.com/sports/index.ssf/2014/10/athletes_can_purchase_loss_of.html
"The NCAA announced its Academic and Membership Affairs staff approved a waiver to NCAA bylaws regarding amateur status and "benefits, gifts and services." Under the waiver (first reported by blogger and NCAA rules expert John Infante), athletes can now borrow against future earnings to secure a loan in order to purchase "loss of value" insurance."
Also,
https://247sports.com
....."That may or may not be the case. Having sufficient funds to cover a down payment isn't usually enough to obtain a loan. One also has to show adequate income to cover one's obligations. It is a violation of NCAA amateurism rules to receive a loan based on future earning potential in athletics unless the only purpose for the loan is to secure an insurance policy against the risk of injury.
Disallowed benefits include
12.1.2.1.6 Preferential Treatment, Benefits or Services. Preferential treatment, benefits or services
because of the individual’s athletics reputation or skill or pay-back potential as a professional
athlete, unless such treatment, benefits or services are specifically permitted under NCAA legislation.
[R] (Revised: 1/11/94, 1/14/08)
The exception being:
12.1.2.4.5 Exception for Insurance Against Disabling Injury or Illness. An individual may borrow
against his or her future earnings potential from an established, accredited commercial lending institution
exclusively for the purpose of purchasing insurance (with no cash surrender value) against a disabling
injury or illness that would prevent the individual from pursuing a chosen career, provided a third party
(including a representative of an institution’s athletics interests) is not involved in arrangements for securing
the loan. However, an institution’s president or chancellor (or his or her designated representative from
outside the department of athletics) may designate an institutional staff member (or staff members) (e.g.,
professional sports counseling panel) to assist a student-athlete with arrangements for securing the loan and
insurance. The institution shall retain copies of all documents related to loan transactions and insurance
policies, regardless of whether the institution is involved in the arrangements. (Revised: 1/16/93, 1/14/97
effective 8/1/97, 1/16/10)
So there is a very real question about how the loan was secured. If this is found to be an amateurism violation, the question becomes what does the NCAA do about it?
UMass had its Final Four appearance vacated because Camby received $28,000.00. Ohio State vacated the entire 2010 football season for memorabilia sales, discounts, preferential loans. While it imposed that penalty itself, I have no doubt the NCAA would have done the same."
Here's a fun fact. What you care about does not equate to NCAA rules.
This is also a fact... what you want Duke to get punished for does not equate to NCAA violations.
Because there is a lot of smoke in regards to the Zion recruitment. Self found out that Adidas paid $2,500 for Desousa to go to Kansas and Self opened up an eligibility review. Zion was shopping himself around for $100K, jobs and housing for family. K should do what Self did. This trial has certainly made the Zion recruitment worth looking into.
That loan to Thomas was an impermissible benefit because he would not have been extended a $70,000 loan as a regular student with zero income. This isn’t rocket science. This isn’t conjecture. This isn’t about wanting Duke punished irregardless of the facts. That loan to Thomas was a ncaa violation.
Hard to call him a cheater when he was the one who reported it. Gtfo our board! Delusional like The UNCheat fans!
If you really want to go down that rabbit-hole, the only way Lance Thomas would have $70k in 15 days is if he was taking money to tank. That is also a big NCAA "no-no."
A
anon_9qtxg60vqzy0y
Guest
What kind of business extends $67,800 credit to an unemployed college student? A 30% down payment is strong but not enough security unless he had a co-signer. Use common sense.
Calipari reported the violations to the NCAA before any of it was going to be made public? Is this true?
Yes. Cal and Umass self-reported the agent-paid money to the NCAA. The NCAA sent Cal a letter saying that he was an "innocent victim" in this but it had no other choice but to vacate the games, including the Final Four appearance. You know, rules are rules. Most schools have the moral fiber to self-report violations to the NCAA, even if there are severe repercussions. That is a major tenent of being a member of the NCAA. But then there are the uncheats, the Pukes, whose desire to win supersedes any kind of moral integrity. And know they can get away with it due to corruption at the top of the NCAA. Looking right at you, Emmert.
“Marcum denied that anyone in the UMass athletic department had information about possible NCAA violations before being contacted by The Courant Monday afternoon.
"My first knowledge of it was when I received a telephone message that was delivered by my secretary that asked me to call a reporter in Hartford," Marcum said.”
In fairness, the Calipari reporting the violation story is a bit of an urban legend. Nobody can really confirm it, Calipari doesn't talk about it.
However, the inference is drawn from a letter from the NCAA to Calipari in which he was described as an innocent victim.
Camby has maintained that Calipari never knew anything about it. Thomas Yeager, the chair of the NCAA infractions committee, agreed. "There is no doubt that you were unaware of the violations involving student-athlete Camby," Yeager wrote in a letter to Calipari dated June 8, 2004. "In a sense, you were an 'innocent victim' in this."
https://www.si.com/vault/2011/03/14...ccessful-why-john-calipari-cant-catch-a-break
camby accepted money from an agent as a Jr in college. how is Cal a cheater there? The agent wanted to represent Camby in the NBA the next season.... what benefit would Cal have to of been in on it?
A poster said it early and was right... the prosecution really did claim that coaches were not part of the university.. And that the academic side of universities were the ones defrauded.
If I was a juror... that just wouldnt make sense to me.... coaches are representatives of the university no matter how you slice it.
If I was a juror... that just wouldnt make sense to me.... coaches are representatives of the university no matter how you slice it.
Why are you guys arguing with this retard? And by retard, I mean blueblood66, who is so stupid he has"breathe" tattooed on the insides of his eyelids to remind himself. Go away, and pollute your own board.
You're right. He's learned from his mentor, Crooked K, to deny and deflect. Whatever helps him sleep at night.
I understand why a jewelry store would extend 70k in credit on a 30k down payment. My question has always been how did Lance Thomas have 30k in walking around money?
Well I've consulted and the vast majority thinks you are on the incorrect board. GTFO
I'm guessing you've never heard of an agent before?
You think the Jewelery store was just handing over 60 grand in unpaid jewelry without having a strong inclination of how that was going to be paid back in 15 days?
Also, where else do you think he was going to get the 60 grand from? If it was that easy for him to get that level of cash from friends or family, why not just get it first and pay for all the jewelry upfront?
We both know the evidence is out there and so does the NCAA. It's just not good for revenue.
A lot of people here always say the NCAA would slam UK if they ever had the chance. Wouldn’t that be bad for revenue though?
It's been done before for way less than what Duke has got away with in the last twenty years.
Don’t you have some ugly chick to go try and finger bang or something? Or are you one of those, “I have absolutely no connection to Duke, but they are the cool school to root for” fans?
lol at Blueblood. What a tool.
K could slap his momma in the face and Blueblood would blame his momma
K could slap his momma in the face and Blueblood would blame his momma
LOL but to be fair......... most UK fans would act the same way for Cal
Latest
-
01
KSR Football
Will Stein Show Recap: What Kentucky's head coach said ahead of Tennessee matchup
-
02
KSR Football
SEC Availability Report: Kentucky is in good shape after bye week
-
03
KSR Football
Kentucky isn't Paying Attention to CFP Rankings, Only Rocky Top
-
04
KSR Basketball
Sources Say talks Cherif Millogo & Manhattan, makes Kentucky season picks!
-
05
KSR Podcasts
11 Personnel: How Kentucky Attacks Tennessee in a CFP Eliminator