- September 7th, 2012, 10:44 pm
#401892
Lance Thomas dropped 30K in CASH as a down payment for jewelry during his senior year at Duke at a New York firm that caters to professional athletes. Even though that is a big red flag - because how the heck does a college senior from a poor part of the country get $30K cash - what is even bigger is how did an unemployed college student get a $67,800 loan to cover the rest of the $97,800 tab? WEll turns out Lance Thomas hasn't paid it back yet and is getting sued over it.
The NCAA strictly prohibits student-athletes receiving loans based on future professional earnings. So what kind of company would give someone a loan if they didn't think the person could pay to back based on future earnings?
So if there is a violation, does the NCAA use "strict liability" or use selective strict liability to protect a champion like they did with Rose (questionable SAT score but was never proven yet wins vacated) and Darrell Arthur (proven changed grades in HS that was proven yet nothing vacated)?
The NCAA strictly prohibits student-athletes receiving loans based on future professional earnings. So what kind of company would give someone a loan if they didn't think the person could pay to back based on future earnings?
So if there is a violation, does the NCAA use "strict liability" or use selective strict liability to protect a champion like they did with Rose (questionable SAT score but was never proven yet wins vacated) and Darrell Arthur (proven changed grades in HS that was proven yet nothing vacated)?