Rick Pitino Took Home 98 Percent Of Louisville's Current Adidas Contract

by Larry Leo

October 6, 201711 Comments

suspended Louisville head basketball coach Rick Pitino Took Home 98 Percent Of Louisville's Current

Rick Pitino continues to go down in a blaze of fire. Just a week after being suspended indefinitely due to his involvement in a federal bribery scandal, it's been revealed that the suspended Louisville head basketball coach has been receiving 98 percent of the money from Louisville’s current deal with Adidas. Bro...

quote:
According to Andrew Wolfson of the Courier-Journal, "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."

The university agreed to a 10-year, $160 million deal with Adidas in August, when athletic director Tom Jurich—currently on paid leave after the FBI's investigation into college basketball—said that the money would go toward the athletic department and Louisville's student-athletes.

This guy. Ha. The report claims that Pitino raked in $3 million over a two-year span, while the athletic department only received $35,000.

(Bleacher Report/Yardbarker)

Filed Under: NCAA Basketball

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gamecocks22•79 months

I mean I know he is dirty, but what is wrong with this? If they gave him the money legally there is nothing wrong with him taking it.

Texas Weazel•79 months

The outrage should be directed at their AD. He lied about where the money was going to.

Peazey•79 months

Does this seem like a contract to which the university would in good faith agree to you? Because it doesn't to me. It seems like there would probably need to be some fraud or authorized representatives for the university acting in bad faith.

Happygilmore•79 months

right, it was 160 mill over 10 years. or 16 mil a year, he got 1.5 of the 16 million a year, and the university got the rest.

Bob Sacamano•79 months

This is 100% on the AD.

dagrippa•79 months

They had to give him everything to keep him. Do not worship these coaches....this is the kind of shite that happens.

AU4real35•79 months

If the AD approved of this then I don't see a problem.

AtlantaLSUfan•79 months

So no one actually likes Addidas. They're all just being bribed.

vodkacop•79 months

Don't see the problem. I'm pretty sure Pitino is the main reason they got the contract