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 126.96.36.199 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.
Oct 20, 2014, 11:00 PM EDT
Kansas State is losing a redshirt freshman to transfer.
Oct 20, 2014, 10:00 PM EDT
Virginia got a very skilled guard in the 2016 class.
Oct 20, 2014, 9:15 PM EDT
Florida landed an in-state Class of 2015 wing to make it a four-man class.
Oct 20, 2014, 9:00 PM EDT
Memphis found a 2016 guard to join center Nick Marshall in the recruiting class.
Oct 20, 2014, 8:00 PM EDT
SMU could be in trouble if a second-team all-league pick is ruled ineligible.
Oct 20, 2014, 7:00 PM EDT
News and notes from the world of college basketball recruiting.
Oct 20, 2014, 6:00 PM EDT
Lorenzo Romar now has a six-man recruiting class for 2015.
Oct 20, 2014, 5:00 PM EDT
Oklahoma has a chance to be the second-best team in the Big 12, especially if a key player receives a waiver.
Oct 20, 2014, 4:00 PM EDT
The Hawks will have a thin front court this season.
Oct 20, 2014, 3:00 PM EDT
Five new hires that should thrive, and five who may end up struggling.
Oct 20, 2014, 2:09 PM EDT
Stevie Clark was dismissed from Oklahoma State after a pair of bizarre incidents involving the police.
Oct 20, 2014, 1:30 PM EDT
Chris Walker sounds pretty funny.
Oct 20, 2014, 12:45 PM EDT
Jaylen Brantley is Maryland’s first commitment in the class.
Oct 20, 2014, 12:00 PM EDT
After riding the coattails of a pair of Californians, Weber State’s focus on recruiting the state of Texas will pay off this season.
Oct 20, 2014, 11:27 AM EDT
Thon Maker has another mixtape out.
Oct 20, 2014, 10:39 AM EDT
Mudiay has now played two preseason games as a professional.
Oct 20, 2014, 9:00 AM EDT
Weber State will be the preseason favorites, but Northern Arizona, Sacramento State and Eastern Washington will lead a group of challengers capable of pushing the reigning champs.
Oct 19, 2014, 10:57 PM EDT
Junior forward Mark Tollefsen may be one of the best dunkers in America.
Oct 19, 2014, 8:49 PM EDT
Chris Jones’ three-pointer in the final seconds gave the White team a 75-72 win over the Red.
Oct 19, 2014, 6:59 PM EDT
Evan Smotrycz was re-evaluated Saturday after suffering the injury at the end of practice Friday.
- CBT’s Recruiting Roundup: Washington’s big Monday, Maryland’s insurance, Two 2016 guards off board 0
- Top 25 Countdown: No. 15 Oklahoma Sooners 0
- 2014-2015 Season Preview: Which new coaching hires will succeed? 0
- No longer supplementary pieces, two Texans will lead the way at Weber State 0
- 2014-2015 Season Preview: Weber State won’t lack for challengers in Big Sky 0
- Led by senior forward Alan Williams, UCSB capable of earning first NCAA tournament bid since 2011 0
- Behind Thompson and Comer, Dunk City looks to take flight once again this March 0
- Big Ten writers release media poll, Wisconsin sits atop the league (6)
- First Preseason Top 25 poll is out, Kentucky sits at No. 1 (2)
- Maryland senior forward suffers sprained ankle (2)
- 2014-2015 Season Preview: Mid-Major Power Rankings (1)
- NCAA approves waiver to allow player with terminal cancer to play (1)