dollars in the N.B.A

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dollars in the N.B.A

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The University of Louisville announced on Wednesday that it had abruptly ended the coaching tenure of Rick Pitino, winner of two national championships and among the most successful coaches in college Nike Air Huarache Femmebasketball history. The decision was made a day after Adidas Superstar Femme Fleur the United States attorney for the Southern District of New Nike Air Presto Femme York said in a criminal complaint that two coaches had been part of a scheme to funnel money from the university’s apparel partner, Adidas, to two high school prospects. The complaint, which accused an Adidas executive and others of wire fraud and money laundering, did not disclose the names of anyone at Louisville. Pitino denied any knowledge or responsibility for the accusations. “These allegations come as a complete shock to me,” he said in a statement. A representative for Adidas said that the company “is committed to compliance and ethical business practices,” and that the executive had been put on administrative leave. The plan, prosecutors said, was that the teenage athletes would play for a university that had a Nike Air Max 90 Donne Nero sponsorship deal with Adidas and then sign sponsorship Nike Roshe Run Donne deals of their own with the company once they turned pro Nike Air Max 2017 Womens and potentially earned millions of dollars in the N.B.A. In other words, investing in athletes at a young age could yield huge returns later.It hopefully gets the kids you’ve won wearing your apparel,” said Corey Evans, an analyst at Rivals, a website that exhaustively covers high school players and their college recruitment. “And in the long run, it’s going to matter for the top guys for what college they go to.” The shoe companies cash in if the player blossoms into an N.B.A. star. “That’s where it counts,” Evans added. The accounts by federal prosecutors were not unlike those that the Department of Justice described in 2015 in the sweeping corruption case focused on FIFA, international soccer’s governing body. No one from Asics Gel Lyte 3 Femme Noir Nike was charged in that case, but American prosecutors Adidas NMD Femme said that bribes helped secure Nike’s breakthrough Asics Gel Lyte 3 Femme Beige sponsorship deal with Brazil’s national soccer team in the mid-199Nike Air Max 2016 Womens 0s, elevating the company’s global profile and helping it expand into soccer. Nike contracted to pay $160 million for that deal — and the company paid an additional $40 million that was not reflected in the official agreement, federal authorities said. Nike brokered the deal through a Brazilian businessman who pleaded guilty in the United States to an array of corruption charges, admitting to having solicited and accepted hundreds of millions of dollars in bribes from people seeking lucrative marketing and media contracts.