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NCAA’s credit outlook now negative, in part because of Ed O’Bannon case

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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

Villanova beats Duke, Kansas, Indiana for Jermaine Samuels

Atlanta, GA - MAY 27: Nike EYBL. Session 4. Jermaine Samuels, Jr. #23 of Expressions Elite dunks. (Photo by Jon Lopez)
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Villanova landed a commitment from top 50 prospect Jermaine Samuels on Saturday.

Samuels is a tough and athletic 6-foot-5 wing that will remind many Wildcat fans of Josh Hart. He’s got the same kind of versatility and nose for the ball that will let him guard perimeter players as well as work in as a small-ball four. Players like this are a specialty of Jay Wright.

Samuels picked up an offer from Duke recently and also had Indiana, Kansas and Georgetown in his top five. Beating out blue-bloods for a prospect like this is quite the statement for Villanova, one that should tell you the reigning national champs are here to stay as a national power.

Syracuse lands critical piece in Andrew White

LINCOLN, NE - FEBRUARY 3: Andrew White #3 of the Nebraska Cornhuskers shoots the ball over Rasheed Sulaimon #0 of the Maryland Terrapins during their game at Pinnacle Bank Arena on February 3, 2016 in Omaha, Nebraska. (Photo by Eric Francis/Getty Images)
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Syracuse has found their replacement for Malachi Richardson.

On Sunday, Nebraska transfer Andrew White committed to the Orange, picking Syracuse, in the end, over VCU. White is a graduate transfer who spent last season with Nebraska, where he averaged 16.2 points while shooting 41.2 percent from three. A top 50 prospect out of Virginia back in the Class of 2012, White played a limited role for Kansas his first two seasons in college.

This is a significant pickup for the Orange, one that legitimately puts them into the conversation as a Final Four contender and a threat to finish at or near the top of the ACC. Jim Boeheim has put together a roster full of talented, long and athletic front court players, but after Richardson declared for the NBA Draft as a one-and-done freshman, he was left with just two back court players on his roster.

Earlier this offseason, Cuse landed Colorado State grad transfer John Gillon, a 6-foot-1 combo-guard, to reinforce their back court. The addition of White gives them a lights-out shooter and a big-time scorer on the wing, something that would have been a major void on their roster.

With Paschal Chukwu getting eligible at the center spot and Tyler Lydon likely landing on every breakout player list this preseason, the Orange should be a markedly better team than the one that made their way to the Final Four last season.

Arizona lands first commitment in 2017 class

Alex Barcello (Jon Lopez/Nike)
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Arizona landed their first commitment in the Class of 2017 on Friday night as point guard Alex Barcello pledged to Sean Miller and the Wildcats.

Barcello is a 6-foot-2 point guard from Tempe who plays his high school ball for Corona del Sol. He committed to the Wildcats on an official visit to the Tucson campus.

Barcello is a borderline top 100 prospect who sits at No. 123 in the Rivals top 150. He’s known for his ability to shoot, and he’s more of a combo-guard — i.e. shoot-first — than a point guard at times, but he’s a nice pickup and projects as a solid four-year player for the Wildcats.

Virginia, Indiana, Stanford and Butler were the other four schools on Barcello’s list.

Duke lands first commitment in 2017 class

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Alex O’Connell knew exactly where he wanted to play his college ball, which is why, just two days after picking up an offer from Coach K and the Blue Devils, he became Duke’s first recruit in the Class of 2017.

O’Connell announced the on twitter on Friday afternoon:

O’Connell is a four-star prospect from Georgia that had a terrific summer, going from being a borderline top 75 prospect to a player that caught the interest of Duke, who, along with Kentucky, sit atop the college recruiting hierarchy. He’s an explosively athletic and lanky 6-foot-6 wing with three-point range on his jumper. He needs to add some weight and some strength — he’s listed as a crisp 175 pounds — but he has the tools, and the swagger, to develop into a very effective player in the ACC.

Is he a one-and-done prospect?

Probably not. In fact, since 2010, Duke has landed just two players that were rated lower than O’Connell: Antonio Vrankovic and Jack White. If you know who both of them are, you’re probably either Jon Scheyer or lying.

But what O’Connell is is a kid who put in the work to get better this past year and who has the skill set, the physical tools and work ethic to continue to improve. He may not be on Grayson Allen’s trajectory, but O’Connell has the makings of being an impact player for the Blue Devils for three or four years.

Alex O'Connell (Jon Lopez/Nike)
Alex O’Connell (Jon Lopez/Nike)

Shaka Smart lands contract extension at Texas

Texas head coach Shaka Smart instructs his team in the first half of an NCAA college basketball game against Baylor on Monday, Feb. 1, 2016, in Waco, Texas. (AP Photo/Tony Gutierrez)
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Shaka Smart has already landed himself a contract extension at Texas.

The school, according to the Austin American-Statesman, has given Shaka a one-year extension — through the 2022-23 season — and bumped his salary up to a cool $3 million, a raise of $100,000 annually.

Smart’s Longhorns went 20-13 last season and lost on a half court buzzer beater from Northern Iowa’s Paul Jespersen. It will be tough for Smart to match the success that he had last season, specifically because he lost senior point guard Isaiah Taylor to the professional ranks.

That said, the former VCU head man has been reeling in quite a bit of talent from the state of Texas — namely, Andrew Jones and Jarrett Allen — and is not all that far from turning the Longhorns back into a relevant member of the Big 12 title race.