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NCAA punishes USC - Reggie Bush, OJ Mayo, Dwayne Jarrett, Joe McKnight investigation

Discussion in 'College Football' started by CleveBucks, Apr 23, 2006.

  1. sandgk

    sandgk Watson, Crick & A Twist

    There are now several reports of this whole thing on the net from CA newspapers, AP, Reuters, ESPN et al.
    Some detail more closely Michaels history with the home, purchased for 757,000. Took out a mortgage of 600,000, then another of 150,000, then a third of 60,000 (i.e. now the total of all liens exceeds original purchase price).
    This makes surprising to me one thing: No-one is mentioning the tax deliquency. With a 600K lien on 757K purchased he is below the 80% lien threshold, so he would not need an escrow account. However, when he boosted the line to >95% of purchased value with the 150K loan he should have been required to run an escrow account. The only way to overcome such would be to re-value the house and hope that inflation was keeping the new sum of liens below 80% of the upwardly revised value of the property. Same thing when he took out the last 60K loan.
    Regardless he is posted on the San Diego Tax Collector site as owing all taxes from the date of purchase through the present day, with penalties for non-payment. That indicates no escrow was established at any time.

    Guess Michaels was going to bank on rolling this property back onto the market - perhaps with a "Bush Slept Here" plaque. :tongue2:
    That way he could recoup all his liens, the back-taxes and still come out with a wad of cash in pocket.
  2. smith288

    smith288 Compelling Protagonist

    Can I ask why? Jealousy from recent successes? Would you feel this way prior to their current run?

    Personally, I hope USC is not at fault here because from the surface, I cant see how they could be...
  3. martinss01

    martinss01 blissfully stupid

    none to my knowledge. not searching on the other hand is fun for everyone except the poor mod who has to move the post and the idiot who didn't perform the search in the first place :p.

    sorry milli, thanks for moving it for me.
  4. smith288

    smith288 Compelling Protagonist

    Good God...and I have issues just lining things up with a my checkbook. All that zipped right over my head...
  5. 3yardsandacloud

    3yardsandacloud Administrator Emeritus

    Wow. Circle the wagons SC fans ... a media shit-storm is brewing. It's no F'in fun defending your program from people that don't know the truth, misrepresent the truth or could care less about the truth because it allows them to attack you.

    Whatever happens I hope Buckeye fans don't become the same type of rival fans we loathed. I'm sure a few SC fans deserve their "just desert" but the majority don't. In any case, gloating over someone else's misfortunes doesn't eliminate or ease the hardship we were forced to endure. So act like you've been here before ... because you have. It sucked for a long time and I wouldn't wish that craptacular experience on anyone.
  6. sandgk

    sandgk Watson, Crick & A Twist


  7. BB73

    BB73 Loves Buckeye History Staff Member Bookie '16 & '17 Upset Contest Winner

    Quotes from Reggie on ESPN today:

    "My parents leased this house, just like any normal family would have done."

    "The whole thing's being blown out of proportion."

    "We've been looking for a house for 2-3 months. I'm looking for a house for my parents to take care of them."

    Q from Trey Wingo - Are you concerned that this could affect your eligibilty at USC?

    A - "Absolutely not. We've done nothing wrong...there's nothing to hide."

    "I don't think they're (the Texans) worried - there's nothing to worry about."
  8. MililaniBuckeye

    MililaniBuckeye The satanic soulless freight train that is Ohio St Staff Member Tech Admin

    Nice touch on the edit job of your original post...see, searching IS fun. :biggrin:
  9. NFBuck

    NFBuck Total Coverage.

    Pretty standard E!spn interview. The whole network has almost degenerated into self-parody at this point. How many ways can you ask the same question in one interview.:lol:
  10. jwinslow

    jwinslow A MAN OF BETRAYED JUSTICE Staff Member Tourney Pick'em Champ

    I have no reason to believe this will happen... far too early in the process to draw conclusions. However, for some of you more experienced fans... what happens if USC has to forfeit the entire season? Do their opponents get an extra W (minus texas)?
  11. Buckin' A

    Buckin' A Veritas Aequitas

    We all should consider taking the high road here. We could be in that boat again sometime, although I hope we aren't.

    Remember, when you are an elite program, everybody wants to take a shot at you (as was our case). Lets no even give them that.
  12. akronbuck

    akronbuck Junior

    how stupid do you have to be to get job in the media

    They keep saying this will cost him money and mess up were he gets drafted at.

    He has no injuries, hasn't gained weight and not related to putetang clarett.

    I'm looking forward to one of those days when a star flips out and smacks the shit out of one of those clowns trying to do there job with no common sense. Now that would be some news to read about:)
  13. UGABuck

    UGABuck Newbie

    Yes, but Reggie has already lawyered up. His mouthpiece is putting some distance between Reggie and his parent's decisions.

    And what an interview...there are a few questions he forgot to ask:

    "Reggie, how much rent did your parents pay"
    "Ah, if they paid full rent where did they receive the money to do so?"
    "Reggie, can you explain the cars parked in your parent's driveway that are close to $100K in value? Did they pay for those also?"
  14. BB73

    BB73 Loves Buckeye History Staff Member Bookie '16 & '17 Upset Contest Winner

    What will happen is that the schools, conferences, the NCAA, and Stassen will have variances on the teams' won-loss records. And that will provide message board disagreements for decades. :tongue2:
  15. buckeyeboy

    buckeyeboy Still fortitudinous

    If I were a reporter, here's the first two questions I'd ask:

    1) Are your parents wealthy enough to afford a 3/4 of a million dollar house, Reggie?

    2) Then why in the world didn't it occur to you to ask them where they got the money for such a house?

    Then again, that might have actually gotten the whole story to come out...

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