A financial investigation that could worry some coaches

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The death of an investment banker who founded a prominent Houston-area summer basketball program could shine a spotlight on the finances of several college basketball coaches. And not in a good way.

David Salinas, 60, died of an apparent suicide Sunday not long after news emerged that he was being investigated by the Securities and Exchange Commission for fraudulent practices that might’ve cost those coaches who invested with Salinas millions of dollars, CBSSports.com reported.

It’s an issue because it’s unclear how the NCAA might view college coaches investing money with the founder of a summer hoops program that supplied recruits to schools through the years. Among the players, as CBSSports.com reports, include Juwann McClellan, Demetri Goodson, Joseph Jones, Dexter Pittman and Cartier Martin.

And the coaches? Well, it’s a lengthy list. From the site:

Former Arizona coach Lute Olson, Baylor coach Scott Drew, Texas Tech coach Billy Gillispie and former Utah coach and current Gonzaga assistant Ray Giacoletti are among those CBSSports.com has confirmed invested with Salinas. A document obtained late Sunday by CBSSports.com has testimonials from other coaches who invested with Salinas — specifically Nebraska coach Doc Sadler, Texas A&M-Corpus Christi coach Willis Wilson, former Houston and Nevada coach Pat Foster, former Duquesne coach and current United States Merchant Marine Academy coach Danny Nee and Augustana College coach Grey Giovanine.

“But the list is much longer,” a source said. “Lots of coaches had money with him, but they’re going to try to deny it and just hope it doesn’t come out.”

Then again, these are coaches who’ve invested A LOT of money with Salinas. The NCAA might not be as much of a concern as losing their shirt, a la Bernie Madoff. But it really could be a big deal. John Infante, who writes the highly respected Bylaw Blog, had this tweet Sunday night.



Sounds as if those coaches should be worried about their money and their jobs.

You also can follow me on Twitter @MikeMillerNBC.

Louisville’s Rick Pitino on allegations: ‘We will get through this’

Rick Pitino
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LOUISVILLE, Ky. (AP) Louisville coach Rick Pitino remains defiant that his program will survive the allegations in a book by an escort alleging that former Cardinals staffer Andre McGee hired her and other dancers to strip and have sex with recruits and players.

Pitino said Tuesday that the Cardinals “will get through this the right way.”

The coach told a packed room at a tipoff luncheon that he understands the motivation behind Katina Powell’s book “Breaking Cardinal Rules: Basketball and the Escort Queen,” but questions the need for the alleged activities given the talent his program has produced.

Pitino added, “We will find out the truth, whatever it may be, and those responsible will pay the price.”

Georgia Tech lands Class of 2016 guard

Brian Gregory
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Georgia Tech picked up its third Class of 2016 commitment on Tuesday as the Yellow Jackets landed a pledged from three-star guard Josh Okogie.

The 6-foot-4 guard is considered the No. 143 overall prospect in the national Class of 2016 rankings and Okogie played with a very talented Team CP3 in the Nike EYBL. In 22 games this spring and summer, Okogie averaged 10.6 points, 4.5 rebounds, 1.8 assists and 1.6 steals per game while shooting 45 percent from the field.

Okogie joins three-star wing Christian Matthews and four-star big man Romello White in head coach Brian Gregory’s Class of 2016 at Georgia Tech. The group is definitely a solid influx of talent with some coming from successful grassroots programs.