Skip to content

Former Duke forward Lance Thomas being sued for overdue jewelry bill

Sep 7, 2012, 6:29 PM EST

thomas

According to the Associated Press, former Duke forward Lance Thomas is being sued for not paying an outstanding balance on nearly $100,000 worth of custom jewelry he purchased back in 2009 from a New York-based jeweler.

Where does college basketball come into play for the current New Orleans Hornet? The date of purchase (December 21, 2009; Duke beat Gonzaga 76-41 at Madison Square Garden on the 19th of that month), which lands square in the middle of his senior season at Duke.

The Blue Devils went on to win the national title that season, beating Butler 61-59 in the championship game.

According to the report Thomas dropped a $30,000 down payment for five pieces of diamond jewelry that cost a total of $97,800, and the suit was filed back in January in Austin, Texas.

At the time the suit was filed Thomas was a member of the Austin Toros of the NBA D-League.

The firm, Rafaello & Co., caters to celebrities and professional athletes and approved Thomas for a $67,800 line of credit that remains unpaid.

One question from a compliance standpoint isn’t the fact that Thomas made the purchase but rather where that $30,000 came from.

[Rafaello & Co. attorney Mike] Bowers said he’s seen no evidence that anyone other than Thomas was involved in the transaction and he doesn’t know why the Duke player was extended credit for most of the purchase.

“It was a clean, clear-cut transaction between Mr. Thomas and my client, and I don’t see anything that warrants me asking anything beyond that,” Bowers said. “Speaking hypothetically, if he came in on a bicycle with tattered jeans, I doubt seriously he would have been sold jewelry, but I’m not drawing conclusions. The terms here are clear.”

If Thomas received the money from a relative or a person the NCAA terms as an “established family friend” then there’s no issue with the $30,000.

Rule 16.11.1.3 reads as follows:

A student-athlete may receive a loan from an established family friend without such arrangement constituting an extra benefit, provided: [R] (Adopted: 1/11/94)

  1. (a)  The loan is not offered to the student-athlete based in any degree on his or her athletics ability or reputation;
  2. (b)  The individual providing the loan is not considered a representative of the institution’s athletics interests; and
  3. (c)  The relationship between the individual providing the loan and the student-athlete existed prior to the initiation of the student-athlete’s recruitment by the member institution.

As for the remaining $67,800 the question there is whether or not the loan was provided with Thomas’ future earnings as a professional being considered, which is against NCAA rules.

Duke associate athletic director for media relations Jon Jackson informed the AP that the school was aware of the lawsuit and was looking into the matter.

Raphielle is also the assistant editor at CollegeHoops.net and can be followed on Twitter at @raphiellej.

Latest Posts
  1. More ridiculous plays from 2016 acrobat Kwe Parker at City of Palms (VIDEO)

    Dec 20, 2014, 10:00 AM EST

    (Nike) (Nike)

    Kwe Parker might only be a junior in high school, but he’s one of the best leapers in the country.

  2. Pregame Shootaround: A tremendous day of hoops filled with intriguing top-25 battles

    Dec 20, 2014, 9:00 AM EST

    TaShawn Thomas AP

    If you don’t feel like watching lower-tier bowl games, you’ll be happy to know that Saturday is loaded with great games.

  3. Eastern Kentucky’s 3-point shooting leads to blowout win over No. 18 Miami

    Dec 19, 2014, 10:13 PM EST

    AP AP

    Eastern Kentucky had 14 threes. Miami had 12 field goals.

  4. adidas puts wrong logo on Duje Dukan’s Wisconsin warmups (PHOTO)

    Dec 19, 2014, 8:59 PM EST

    Duje Dukan AP

    The senior forward is apparently playing for the Wisconsin Bearcats.

  5. New Year’s Resolutions: Villanova Wildcats

    Dec 19, 2014, 7:30 PM EST

    Getty Images Getty Images

    Villanova is off to another good start in the regular season, but heading into the New Year, the Wildcats will need to rack up the wins in postseason play.

  6. Markus Kennedy cleared to play immediately for SMU

    Dec 19, 2014, 6:49 PM EST

    AP AP

    The SMU forward missed the first 10 games.

  7. Two players questionable for Florida’s game against Wake Forest

    Dec 19, 2014, 6:15 PM EST

    AP AP

    The Gators could be shorthanded once again in Saturday’s non-conference contest with Wake Forest.

  8. Injured Indiana forward to return to school this spring

    Dec 19, 2014, 5:00 PM EST

    Landon Atterberry Devin Davis AP

    The Indiana sophomore was struck by a vehicle driven by a teammate back in November.

  9. FGCU announces addition of former VCU power forward

    Dec 19, 2014, 4:15 PM EST

    VCU v George Washington Getty Images

    Antravious Simmons averaged 0.7 points and 0.7 rebounds as a redshirt freshman at VCU.

  10. Friday’s Pregame Shootaround: No. 3 Arizona among three ranked teams in action

    Dec 19, 2014, 3:27 PM EST

    Stanley Johnson AP

    The Wildcats are on the road to take on one of Conference USA’s best teams in UTEP, and both No. 18 Miami and No. 20 St. John’s are in action as well.

  11. Injured senior guard leaves St. Bonaventure program

    Dec 19, 2014, 2:44 PM EST

    La Salle Explorers v St. Bonaventure Bonnies Getty Images

    Jordan Gathers had yet to play in a game this season after undergoing hip surgery in June.

  12. One suitor for Duke transfer hopes to land him despite not having an available scholarship

    Dec 19, 2014, 1:26 PM EST

    Livingstone v Duke Getty Images

    Kansas State is one of many programs looking to land Semi Ojeleye, but all of their scholarships are accounted for currently.

  13. POSTERIZED: UNLV commit Derrick Jones throws one down with force (VIDEO)

    Dec 19, 2014, 12:04 PM EST

    (Kelly Kline/Under Armour) (Kelly Kline/Under Armour)

    Jones’ dunk on five-star forward Cody Riley is one of the best you’ll see this year.

  14. New Year’s Resolutions: Duke Blue Devils

    Dec 19, 2014, 11:30 AM EST

    Getty Images Getty Images

    When you talk Duke basketball in 2014-15, you start with Player of the Year candidate Jahlil Okafor, but there are plenty of other keys to Duke’s success as we get closer to the new year.

  15. Weekend Preview: A loaded Saturday slate highlights the weekend

    Dec 19, 2014, 9:00 AM EST

    Dakarai Allen, Nigel Williams-Goss AP

    Oklahoma-Washington, Ohio State-North Carolina and UCLA-Kentucky are just three of the marquee matchups.

  16. Rebounding, foul shooting help No. 2 Duke make up for 19 turnovers in win over UConn

    Dec 19, 2014, 12:41 AM EST

    Mike Krzyzewski Mike Krzyzewski

    Even with the win there are things Duke needs to improve upon, most notably the fact that they’ve committed 36 turnovers over the last two games.