Sep 7, 2012, 6:29 PM EDT
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 184.108.40.206 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)
- (a) The loan is not offered to the student-athlete based in any degree on his or her athletics ability or reputation;
- (b) The individual providing the loan is not considered a representative of the institution’s athletics interests; and
- (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.
...it would be if he received $67,800 credit based on expected future basketball earnings. NCAA prohibits that. Going to be interesting—
Dan Wetzel (@DanWetzel) September 07, 2012
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.
Jul 27, 2014, 9:39 PM EDT
Despite not being included among the five official visits, Indiana and UNLV remain options for Zimmerman.
Jul 27, 2014, 5:41 PM EDT
Nearly three months after breaking a backboard during a pickup game, the rising junior took out another one this weekend.
Jul 27, 2014, 3:45 PM EDT
Chase Jeter is down to Arizona, Duke, UCLA and UNLV.
Jul 27, 2014, 3:05 PM EDT
Ray Smith tore his ACL earlier this month.
Jul 27, 2014, 1:35 PM EDT
Ed O’Bannon’s lead attorney didn’t even know who he was when he first met him.
Jul 27, 2014, 12:00 PM EDT
It’s been a summer of viral dunks for the 6-foot-2 recruit
Las Vegas Saturday Recap: Bennie Boatwright, Justin Simon lead Dream Vision into adidas Super 64 semis
Jul 27, 2014, 10:29 AM EDT
Also some notes on junior college guard Andre Spight and 2015 guard Justin Foreman.
Jul 27, 2014, 9:00 AM EDT
Skal Labissiere may want to go to Europe. That does not mean Europe wants him.
AAU Nationals Saturday Recap: Raymond Spalding has upside, Trent Forrest and Gary Trent, Jr. perform at a high level
Jul 27, 2014, 8:00 AM EDT
AAU Nationals and the Super Showcase continued on Saturday in Louisville.
Jul 26, 2014, 6:34 PM EDT
North Carolina is the latest school making the positive step of looking to help its former athletes obtain their college degrees.
Jul 26, 2014, 4:54 PM EDT
Meeks has lost nearly 50 pounds.
Jul 26, 2014, 3:00 PM EDT
With Saint Louis losing five experienced seniors, the incoming freshman class could be expected to contribute immediately this season.
Jul 26, 2014, 1:42 PM EDT
Two top five players in the Class of 2016 were sent home.
Jul 26, 2014, 12:29 PM EDT
Brown also mentioned plans of taking an unofficial visit to UCLA following adidas Nations.
Jul 26, 2014, 10:30 AM EDT
USA Basketball has a lot of talent in the building this week for the U17 World Championship camp.
AAU Nationals Friday Recap: Event moves to Louisville, Bruce Brown plays well, Noah Dickerson updates recruitment
Jul 26, 2014, 9:00 AM EDT
AAU Nationals and Super Showcase continued on Friday in Louisville.
Jul 25, 2014, 7:15 PM EDT
Florida commit KeVaughn Allen had a great week at Peach Jam.
Jul 25, 2014, 5:30 PM EDT
Former Delaware guard Jarvis Threatt is turning pro after being dismissed from the program in June.
Jul 25, 2014, 4:47 PM EDT
Didn’t believe Niang when he stated that he’d reshaped his body? Here’s visual evidence that he did.
Jul 25, 2014, 4:00 PM EDT
New York City guard Rawle Alkins is one player to monitor in the Class of 2016.
- Skal Labissiere is considering Europe, but that doesn’t mean there’s a market for him 0
- AAU Nationals Saturday Recap: Raymond Spalding has upside, Trent Forrest and Gary Trent, Jr. perform at a high level 0
- Las Vegas Friday Recap: Jaylen Brown, Kobi Simmons among standouts 0
- AAU Nationals Friday Recap: Event moves to Louisville, Bruce Brown plays well, Noah Dickerson updates recruitment 0
- College Basketball Talk’s Class of 2015 Draft 0
- Marcus Foster still hasn’t forgotten, or forgiven, those pulled scholarships 3
- Las Vegas Thursday Recap: Skal Labissiere, Stephen Zimmerman perform well 0
- Mother of elite recruit Josh Jackson: ‘Josh hasn’t been recruited by anyone’ (5)
- Marcus Foster still hasn’t forgotten, or forgiven, those pulled scholarships (3)
- Two surprises after first cuts at Team USA U17 trials (3)
- Isaiah Austin has a job with the NBA once he finishes degree at Baylor (2)
- Mixtape for Ben Simmons, who proves he’s 2015′s No. 1 player (VIDEO) (2)