Bush faces suit; NCAA next

Discussion in 'The National Football League' started by Wolf, Oct 31, 2007.

  1. Wolf

    Wolf 100% Texan

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    http://sports.yahoo.com/ncaaf/news?slug=ys-bush103007&prov=yhoo&type=lgns

    wow, "agent" had no problem doing what he was doing while the kid was in school :shades: guess now that money is tight .........
     
  2. powerfuldragon

    powerfuldragon g'mornin to you

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    your lady's sexdreams.
    maybe?
     
  3. swtbound07

    swtbound07 Jackass of Day!

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    in reality.
     
  4. nunusguy

    nunusguy Hall of Fame

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    The deliberately preferential treatment by the NCAA for
    Bush and USC on this whole matter is so blatantly obvious its almost laughable.
    They have been foot-dragging on this thing for something like 2 years now, when the "alleged" infractions occured.
     
  5. Texans_Chick

    Texans_Chick Utopian Dreamer

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    From now on, you have to refer to Bush as Reginald.

    So, when are the feds going to come after him and his family for not paying taxes on this stuff?
     
  6. Yankee_In_TX

    Yankee_In_TX Dance Lindsay!

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  7. tulexan

    tulexan Hall of Fame

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    Should be an interesting meeting with the NCAA, I wonder if he is going to turn over any evidence to prove that Reggie received serious cash from him
     
  8. Specnatz

    Specnatz Site Contributor

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  9. prostock101

    prostock101 Mr. Big

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    Exactly. The NCAA waited about 2 seconds before they hammered those two players at Oklahoma last year. I guess the reality of seeing two national championships and a Heisman taken away from their golden boy is going to be hard to swallow......
     
  10. nunusguy

    nunusguy Hall of Fame

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    Halfway through his second season in the NFL, Reggie Bush already ranks among the most recognizable and profitable faces in the league.
    For that he owes thanks to Mike Ornstein, the sports marketing agent who guided him to millions of dollars in endorsement contracts for products ranging from sneakers to submarine sandwiches.
    Ornstein is also the man Bush fired last week.
    *
    Sources say that Ornstein, worried about public relations fallout, argued for bringing the matter to a quiet end.
    Settlement proposals in the case date to at least the spring of 2006, a few days before the NFL draft. With Houston holding the first pick, an attorney for the erstwhile marketers, Michael Michaels and Lloyd Lake, told the Bush camp that Texans General Manager Charley Casserly had been calling to ask about the matter.
    No deal was made and the Texans ultimately passed over Bush in favor of defensive lineman Mario Williams. Bush went second to the New Orleans Saints.
    Later, Bush settled only with Michaels, paying him $200,000 to $300,000.
    http://www.latimes.com/sports/footb...,1,6108900.story?coll=la-headlines-sports-nfl
     
  11. badboy

    badboy Site Contributor

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    I think Bush and the agent/marketers/whatever should immediately go to jail for violating NCAA sanctions.
     
  12. Yankee_In_TX

    Yankee_In_TX Dance Lindsay!

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    I haven't read this whole thread, but no one has done anything against the law?
     
  13. Yankee_In_TX

    Yankee_In_TX Dance Lindsay!

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  14. Texans_Chick

    Texans_Chick Utopian Dreamer

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    One rumor I heard from an ok source is that one of the concerns that the Texans had at the time was that if Bush received money without paying taxes on it, that is a federal offense.

    Of course, whether the feds prosecute anything is completely discretionary, but the best thing that Bush did after becoming a Saint was to get involved in the community. The nicer guy you are, the less likely they will come after you.
     
  15. hollywood_texan

    hollywood_texan Hall of Fame

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    Tax evasion is one thing, which is knowingly setting up a transaction to not pay taxes.

    There are varying degrees of not paying taxes. Making poor business decisions does not necessarily mean tax evasion and jail time. You still owe the the taxes, with any associated penalties, and the Feds make seize some property, but that is where the line is drawn. It's a big step to go to jail time on not paying taxes.

    I don't know the specifics of Reggie's circumstances, but I seriously doubt he would do any jail time regarding the related tax on these financial transactions. Besides, he didn't receive the financial benefit, his mother and step-father did. So, the Feds probably won't go after him in regards to the financial benefit and associated taxes.

    Reggie's issues seem to be NCAA eligibility for the years 2004 and 2005.
     
  16. nunusguy

    nunusguy Hall of Fame

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    That's really the point here. Establishing a tax liability and tax evasion are 2 entirely different things, and if its established that Bush received income from his X-agent while still at USC, well then end of story because his Heisman trophy and USCs records including one or 2 national championships are no longer. Just like Bushs goodwill and his marketability which means he loses lots & lots of dollars.
     
  17. Wolf

    Wolf 100% Texan

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    http://sports.yahoo.com/ncaaf/news;...A5nYcB?slug=ys-bush060508&prov=yhoo&type=lgns

     
  18. CloakNNNdagger

    CloakNNNdagger Site Contributor

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    “It's not denial. I'm just selective about the reality I accept.”

    Calvin and Hobbes
     
  19. nunusguy

    nunusguy Hall of Fame

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    "Lake's attorneys said they suspect Bush's side is pushing for private arbitration suddenly because if Michaels would have given his deposition Monday as scheduled, he would have corroborated Lake's claims. It also could have created a record for the NCAA.
    Cornwell said they are making the arbitration move now because Lake only recently asserted in discovery documents that his claims arose out of a partnership with Michaels, making it fall under the scope of the settlement.
    In other court documents, Lake's attorneys detail dates of various payment amounts to Bush and family, including $13,000 for a new Chevy Impala in February 2005. They also say Lake, Michaels and Bush drove around the San Diego area in 2005 looking to buy a house, with the family ultimately picking the one in Spring Valley."
    http://www.signonsandiego.com/sports/20080606-9999-1s6bush.html
    ********************
    I dunno what's left for the NCAA to do but tell Bush he needs to return the Heisman and USC needs to be put on probation ? How could it be any more obvious ?
     
  20. cuppacoffee

    cuppacoffee Resident Grouch

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    The eunuchs who rule the NCAA will do nothing.

    Unless you are the NorthWestCentralState of Alaska Eskimos and you get caught throwing snowballs at the oppositions bus.



    :coffee:
     

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