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.
Follow David Harten on Twitter at @David_Harten
GAME OF THE NIGHT: Syracuse vs. No. 18 UConn, 3:30 p.m.
For the first time since the Orange departed the Big East, the two former rivals will square off. Today’s battle will take place at the Battle 4 Atlantis, as the Orange knocked off Charlotte yesterday and the Huskies dispatched Michigan. To get ready for this battle, I’d suggest ready through the conversation @NoEscalators had with himself last night.
THIS ONE’S GOOD, TOO: No. 25 Texas A&M vs. No. 10 Gonzaga, 1:00 p.m.
The other semifinal in the Battle 4 Atlantis could end up being just as good, as the Aggies — who might be the second best team in the SEC — square off with a Gonzaga team that has one of the best front lines in the country. This will be a good test to figure out just how good both of these teams are.
FIVE THINGS TO WATCH FOR
1. No. 20 Wichita State vs. USC, 2:00 p.m.: The Shockers will be without Fred VanVleet for this event. It will also be a chance for us to gauge just how good this 4-0 USC team is.
2. No. 23 Xavier vs. Alabama, 12:00 p.m: The Musketeers should have no problems dispatching Alabama.
3. No. 8 Villanova vs. Stanford, 4:30 p.m.: The Wildcats are, once again, as good as any team in the country. Josh Hart might be the nation’s most underrated star.
4. No. 14 Cal vs. San Diego State, 12:00 a.m.: Tyrone Wallace and company have been awesome this season. They get their first real test of the season tonight.
5. Providence vs. Evansville, 7:00 p.m.: Evansville is one of the nation’s best mid-majors, good enough to give the likes of Wichita State and Northern Iowa a fight in the Missouri Valley. And Providence? They got a kid named Kris Dunn. Heard of him?
THE REST OF THE TOP 25
- No. 3 Michigan State vs. Boston College, 6:30 p.m.
- No. 11 Arizona vs. Santa Clara, 11:30 p.m.
- No. 17 Notre Dame vs. Monmouth, 6:30 p.m.
No. 2 Maryland finally found their rhythm on Wednesday night, blowing out a good Rhode Island team, 86-63, in the finals of the Cancun Challenge.
Melo Trimble and Rasheed Sulaimon combined for 34 points and eight assists on 13-for-14 shooting and Robert Carter added 15 points, nine boards, three assists and three blocks. Peak Maryland, which is what we saw tonight, is really dangerous.
But Peak Maryland wasn’t the story after the game, as tempers flared in the waning minutes.
It started when Maryland coach Mark Turgeon called a timeout with less than two minutes remaining. Jake Layman had just hit a three to put Maryland up by 24 points and Turgeon wanted to get his walk-ons in the game. Hurley said to the Maryland bench, “We’ll see you again, boy,” according to Inside Maryland Sports, which prompted this reaction from Turgeon:
After the game, the two teams had to be separated in layup lines. According to reports from IMS and from the Baltimore Sun, Hurley was cursing at Maryland players as he was shaking their hands after the game. According Doug Gottlieb, who called the game for CBS Sports Network, Trimble said that the Rhode Island team wanted to “fight us”: