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ECU's next Basketball Coach?
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ECUGrad07 Offline

Posts: 6,539
Joined: Feb 2011
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I Root For: ECU
Location: Thomasville, GA
Post: #111
RE: ECU's next Basketball Coach?
[Image: 041216joedooley.jpg]
02-20-2018 01:55 PM
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mikeinoki Offline
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Posts: 734
Joined: Nov 2016
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I Root For: ECU Pirates
Location: The Beach
Post: #112
RE: ECU's next Basketball Coach?
We're in enough financial trouble without hiring Pitino.

Rick Pitino raked in 98% of the cash from University of Louisville's current Adidas deal

When University of Louisville athletic director Tom Jurich announced a new 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.

The year before, Pitino also got $1.5 million, while the department banked just $10,000.

Under its contract, adidas also provides apparel, shoes and scholarships for an internship program.

Under the existing contract and the new one, 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.

Was it fair for Jurich to say the Adidas money was for student-athletes?

Kenny Klein, the department's spokesman, said it was.

“Players come here in part because of Coach Pitino. Coaching is part of what we give to student-athletes,” Klein said last month before a bribery scandal prompted the suspensions of Jurich and Pitino.
02-20-2018 02:10 PM
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