The Ed O’Bannon case could be hurting the NCAA’s credit outlook, according to the Wall Street Journal.
Looks like the case is starting to affect other things outside the courtroom, with the case slowly catching on nationally after a slow start. O’Bannon, a former UCLA player, is looking to help former college players recoup royalties from their likenesses being used in video games.
The report marked the first time that litigation has emerged as a risk in a Moody’s report for NCAA debt. A federal judge in Oakland is weighing a class-action certification for the suit, launched by former UCLA basketball star Ed O’Bannon in 2009, that would add potentially thousands more current and former athletes to the case and expose to the NCAA to greater damages if it loses.
The NCAA’s credit rating has not changed, but the outlook presents a prediction of what it will be in the near future. This is especially true if the lawsuit O’Bannon is keying gains class status. The credit watch is a prediction that covers the next two years. Their current credit rating sits at Aa2, the third-highest rating available. If the case does gain class status, that would prompt the change, more than likely.
If the O’Bannon case gains class certification, Moody’s says the NCAA could face greater danger of a downgrade from the third-highest Aa2 rating, which would affect $40 million in debt the association took out in 2005 and 2010 to buy rights to basketball’s National Invitation Tournament and renovate its Indianapolis headquarters, among other expenses.
The NCAA is currently staring down $40 million of debt taken from 2005-2010.
Increasing interest in the case was the reason for the report. “We felt the trial has advanced to a point where it was worth looking at the credit again,” said Moody’s spokesman David Jacobson.
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UNC-Asheville has gotten into the trick shot game.
The basketball program’s official Twitter account posted this video of guard Kevin Vannatta nailing a shot from the balcony of Kimmel Arena.
Nice shot, huh?
Vannatta, a junior from Upper Arlington, Ohio, started all 34 games for the Bulldogs last year, averaging 11.5 points and 4.2 rebounds per game while shooting 50.6 percent from the field and 37.8 percent from 3-point range. It looks, though , like he might be working on extending his range.
Northwestern has found a temporary home while its arena undergoes a nine-figure renovation.
The Wildcats will play the 2017-18 season at Allstate Arena, about 15 miles west of Evanston, Ill. in Rosemont, the school announced Tuesday.
“We are excited to partner with Allstate Arena to host Northwestern men’s basketball games during the 2017-18 season while Welsh-Ryan Arena is undergoing its renovation,” Northwestern vice president for athletics and recreation Jim Phillips said in a statement. “The venue has a rich college basketball tradition in the Chicagoland area. I know that our fans will enjoy cheering on our team at Allstate Arena during what will be an exciting season.”
Allstate Arena previously had been home to DePaul, which is moving into its own new building this year. Capacity is around 18,000 for basketball.
Northwestern had its best season under coach Chris Collins last year, going 20-12 overall and 8-10 in the Big Ten.
The renovation to Welsh-Ryan Arena will bring the building – which opened in 1952 and last renovated in 1983 – into the 21st century by replacing wood bleachers, widening concourses, adding concessions, improving arena technology and adding new locker rooms at the cost of at least $110 million.
Construction is slated to begin in spring of 2017 and be completed in the fall of 2018.
George Washington announced on Tuesday that Maurice Joseph has been named interim head coach for the 2016-17 season.
“I am eager and well prepared to begin this journey with the 13 student-athletes in our locker room and the tight-knit group of coaches that I will rely upon heavily,” said Joseph. “It is a distinct honor to have the opportunity to be a mentor to our team in this new role. I have the utmost confidence that I will validate the trust that Provost Maltzman and Patrick Nero have placed in me, and that we will deliver a product that makes our students, alumni and fans across the globe proud of GW Basketball and the university.”
Joseph has been a part of the GW coaching staff for the last five years, a full-time assistant for the last three.
He takes over for Mike Lonergan, who coached Joseph for three years at Vermont. Lonergan was fired two weeks ago stemming from an investigation into allegations of abuse.
Lonergan’s other two assistants, Hajj Turner and Carmen Marciariello, both were interviewed for the position as well, according to sources. Turner had been Lonergan’s associate head coach for the past five years, since Lonergan took over at GW.
“In his five years at GW, Maurice has shown himself to be selflessly dedicated to the success of our student-athletes and fully committed to our department and university,” said Nero, GW’s athletic director. “His leadership ability and basketball acumen will bring focus and stability to the talented team we have this year. Our team, basketball staff and athletic department are looking forward to working together for a successful season.”
We are now less than six weeks away from the start of the college basketball season, which means that it is time for us to officially get our picks on the record.
Here, our four writers pick who we think will win each league, the national title and the major awards:
We figured that it wasn’t enough just to simply list out who was on our All-America teams and who was our National Player of the Year, not when the decision is so wide open. Not when there are so many worthwhile candidates.
So while you can go and see the NBCSports.com Preseason All-American team here and you can read our feature story on Duke’s Grayson Allen, the NBCSports.com Preseason National Player of the Year, here, you can also listen along as we try to hash out just who we wanted slotted in which spot.
Because we recorded it all on a podcast.
As always, you can subscribe to the podcast on iTunes, Stitcher, Audioboom or anywhere else that podcasts are given away for free.
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MORE: 2016-17 Season Preview Coverage | Conference Previews | Preview Schedule