Rick Pitino Received 98 Percent of Louisville's Current Adidas Contract

Timothy Rapp@@TRappaRTFeatured ColumnistOctober 5, 2017

INDIANAPOLIS, IN - MARCH 19:  Head coach Rick Pitino of the Louisville Cardinals reacts to their 69-73 loss to the Michigan Wolverines during the second round of the 2017 NCAA Men's Basketball Tournament at the Bankers Life Fieldhouse on March 19, 2017 in Indianapolis, Indiana.  (Photo by Joe Robbins/Getty Images)
Joe Robbins/Getty Images

Suspended Louisville head coach Rick Pitino reportedly received 98 percent of the money from the university's current contract with Adidas.  

According to Andrew Wolfson of the Courier-Journal, "In 2015-16, for example, $1.5 million went to Pitino under his personal services agreement with the apparel company while just $25,000 went to the program, according to a contract obtained by the Courier-Journal under the state public records act. The year before, Pitino also got $1.5 million, while the department banked just $10,000."

The university agreed to a 10-year, $160 million deal with Adidas in August, when athletic director Tom Jurich—currently on paid leave after the FBI's investigation into college basketball—said that the money would go toward the athletic department and Louisville's student-athletes.

Despite the overwhelming proportion of that money reportedly going to Pitino, however, university spokesperson Kenny Klein defended Jurich's assertion last month, noting, "Players come here in part because of Coach Pitino. Coaching is part of what we give to student-athletes."

But according to Wolfson, Louisville's interim president, Greg Postel, noted the university is investigating whether the money received from Adidas is "tainted" in any way. Adidas is under investigation by the FBI due to "efforts to secretly funnel money from Adidas to three players and their families in exchange for the players' commitments to play at two Adidas-sponsored college programs and to later sign sponsorship deals with the company once they turned pro," per Marc Tracy of the New York Times.

Pitino is currently on unpaid administrative leave and his tenure as Louisville's head basketball coach appears likely to be over.  

Related

    5-Star PG DJ Carton Commits to OSU

    College Basketball logo
    College Basketball

    5-Star PG DJ Carton Commits to OSU

    Mike Chiari
    via Bleacher Report

    Alabama Lands 4-Star Wing Juwan Gary

    College Basketball logo
    College Basketball

    Alabama Lands 4-Star Wing Juwan Gary

    Scott Phillips
    via CollegeBasketballTalk

    Ayton Hopes to Be an All-Star in Rookie Season

    College Basketball logo
    College Basketball

    Ayton Hopes to Be an All-Star in Rookie Season

    Arizona Desert Swarm
    via Arizona Desert Swarm

    Tyus Battle Came Back for a Chance at Immortality

    College Basketball logo
    College Basketball

    Tyus Battle Came Back for a Chance at Immortality

    Inside the Loud House
    via Inside the Loud House