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Yahoo! Sports report: Pac-10 may probe Reggie Bush's family home.

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  • #16
    The Agent could be in Trouble, But what can they do to Bush? he isnt Playing in the NCAA anymore so its not like they can suspend him, He will just deal with a little heat thru the media for a while then who ever drafts him will break out the big time spin doctors and put a baby face on him, you will see him out in the community helping cleanup public play grounds and visits to the childrens hospitals and it will all go away, no way this will keep him from being drafted, he will still become a millionaire this weekend.
    "All that is necessary for the triumph of evil is that good men do nothing."sigpic

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    • #17
      Originally posted by Interpol
      Dude, 3/4 of a million buys a really crappy house out here in Southern Cal. It takes half a mil just to get your foot in the door of a condo.

      Yeah, I agree.

      A 3,000 square foot home is probably at least 1 mil, if not more in market value.

      That number is probably what it cost to build.

      I dunno what to make of this.

      Except that my understanding is that even with a neg amortization loan, with the taxes in San Diego County, that monthly payment would be insane. $3,000-3,500 a month?


      WHat do his parents do for a living? This article never addresses that. That's a very important question that SHOULD have been asked.

      Without that key info, this is poor journalism designed to make the Bush's and USC look bad. Because it's entirely possible that they can afford to rent a place like that.

      Maybe the writer went to UCLA?

      Everybody's gotta elevate from the norm...

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      • #18
        Originally posted by Jared
        Yeah, I agree.

        A 3,000 square foot home is probably at least 1 mil, if not more in market value.

        That number is probably what it cost to build.

        I dunno what to make of this.

        Except that my understanding is that even with a neg amortization loan, with the taxes in San Diego County, that monthly payment would be insane. $3,000-3,500 a month?


        WHat do his parents do for a living? This article never addresses that. That's a very important question that SHOULD have been asked.

        Without that key info, this is poor journalism designed to make the Bush's and USC look bad. Because it's entirely possible that they can afford to rent a place like that.

        Maybe the writer went to UCLA?

        It is in SPring Valley so a 3000 sq ft house could actually go for 3/4 of a mil.

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        • #19
          Originally posted by watchthemiddle
          It is in SPring Valley so a 3000 sq ft house could actually go for 3/4 of a mil.

          Well my wife and I are trying to stay under 450,000 for a condo, and the monthly payments on that are in the high 2,000's.

          Which is crazy.

          Anyway, even at $750,000, the fact remains that this article never even brushes the subject of teh family income. Could the afford to buy or rent a place like that? WHo bought it is immaterial. If it is a FSBO, that persons name can stay on the deed until it is paid off.

          If it is a rental, then of course that person's name would be the only one listed on the deed.

          Without knowing if the Bushes are a family of lawyers, doctors, and business men, or a family of janitors, this article has no context and automatically assumes that they must be poor people who can't afford to live there, simply because their son is an excellent football player. As if rich kids don't ever get athletic scholarships or something.

          Everybody's gotta elevate from the norm...

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          • #20
            Well my wife and I are trying to stay under 450,000 for a condo, and the monthly payments on that are in the high 2,000's.

            Which is crazy.

            Anyway, even at $750,000, the fact remains that this article never even brushes the subject of teh family income. Could the afford to buy or rent a place like that? WHo bought it is immaterial. If it is a FSBO, that persons name can stay on the deed until it is paid off.

            If it is a rental, then of course that person's name would be the only one listed on the deed.

            Without knowing if the Bushes are a family of lawyers, doctors, and business men, or a family of janitors, this article has no context and automatically assumes that they must be poor people who can't afford to live there, simply because their son is an excellent football player. As if rich kids don't ever get athletic scholarships or something.
            Even if that's true (and I'm not saying it isn't) it still doesn't explain all the strange behavior from all these people that were interview.
            President Cool

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            • #21
              Originally posted by BroncoFanCam
              http://sports.yahoo.com/nfl/news;_yl...yhoo&type=lgns

              Sounds like somebody's in some deep dookie.

              Very suspicious actions for sure...

              Can you imagine what the Trojan fans would do if their (now much beloved) Reggie Bush, was found to have some involvement, and they (USC) had to forfiet every game he played in?!?!?!?!

              Yeah!!!!!!!!!!!!! I would be all for this, because it would mean they forfeit their orange bowl win against oklahoma and they bring that trophy to norman!!!!!!!!!!!!!!!!!!!! Not really worth bragging about if that did happen, we wouldnt have won it on the field.



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              • #22
                I llike how they deleted my post about this, but yours is up and running.
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                Reggie Bush IR watch-( 5 mins into practice and he pulls up lame.)

                What will happen when he gets hit by the men in practice.








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                • #23
                  Originally posted by Dry Kill Logic
                  I llike how they deleted my post about this, but yours is up and running.
                  ???


                  Post #2?????

                  Everybody's gotta elevate from the norm...

                  The greatest list of music I don't own on CD :sad:
                  You should check these guys out

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                  • #24
                    Originally posted by Jared
                    Well my wife and I are trying to stay under 450,000 for a condo, and the monthly payments on that are in the high 2,000's.

                    Which is crazy.

                    Anyway, even at $750,000, the fact remains that this article never even brushes the subject of teh family income. Could the afford to buy or rent a place like that? WHo bought it is immaterial. If it is a FSBO, that persons name can stay on the deed until it is paid off.

                    If it is a rental, then of course that person's name would be the only one listed on the deed.

                    Without knowing if the Bushes are a family of lawyers, doctors, and business men, or a family of janitors, this article has no context and automatically assumes that they must be poor people who can't afford to live there, simply because their son is an excellent football player. As if rich kids don't ever get athletic scholarships or something.

                    Your right on Jared...

                    At this point in time, Bush is still going to be the #1 overall pick on saturday.

                    Several things could have come into play....even if it was purchased by an agent, who cares if his family is "renting" it or living in it until Reggie signs his fat contract and pays it off in full with cash??

                    I really don't see the big deal in the whole thing. Its just someone out there wanting to stir up controversy on the best football player in the country right now.

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                    • #25
                      Originally posted by Dry Kill Logic
                      I llike how they deleted my post about this, but yours is up and running.
                      Your post was simply a duplicate and it got merged

                      As for my opinion on this issue, I can see this as a tool used to discredit Bush. I think it's being overplayed by the media. Personally, I would like to wait for a few more facts before I come to a conclusion.

                      That being said, the behavior of the people was strange and suspicious. But like mentioned in this thread before, why wouldn't you take a $750,000 home?

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                      • #26
                        It just gets better and better......




                        Transcripts of parole violation hearings for New Era Sports & Entertainment associate Lloyd Lake not only detail alleged links between the marketing agency and USC running back Reggie Bush but also indicate contact with Trojan offensive tackle Winston Justice during the 2005 college football season.

                        In the transcripts – acquired by Yahoo! Sports from the U.S. District Court in San Diego – Lake's attorney, Marc Carlos, contends that his client's sports agency was "in negotiations with recruiting Reggie Bush" and that the agency at some point considered "potential litigation – or a settlement involving Mr. Bush's involvement with that agency."

                        San Diego-based agent David Caravantes, testifying as a character witness, claimed that he and Lake began working together in October to start a sports marketing firm that would be tied to the Sycuan Indian Tribe. That firm eventually took on the name New Era Sports & Entertainment. One of the tie-ins to the tribe was Michael Michaels, another one of the New Era founders who also works as a business officer for the Sycuans.

                        The Sycuan Tribe, acknowledging it was approached by Michaels and Lake, told the Associated Press Tuesday that it had no role with New Era Sports.

                        "There was a request to become partners in this New Era Sports," Adam Day, Sycuan's assistant tribal manager, told AP. "Both the tribal council and the development corporation board of directors refused to join into the business venture."

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                        In the unsworn court testimony, taken on Jan. 30 and Feb. 6, in front of M. James Lorenz, Carlos produced a brochure put together by New Era Sports. The attorney then outlined Lake's role with New Era, and the marketing firm's involvement with Bush as a prospective client.

                        Carlos alluded to a fallout between Bush and New Era, noting that there had even been potential litigation discussed by the agency for breach of an agreement on the part of Bush and his family.

                        "He has been trying to get together a sports agency group," Carlos alleged of the attempt by Lake and others to form New Era Sports. " Apparently, they were in negotiations with recruiting Reggie Bush. And that matter is in litigation right now due to, I guess, representations made by Bush and his family to Mr. Lake's group."

                        Carlos later revisited the alleged fracturing of the relationship between the Bush family and New Era, noting that a meeting was supposed to have taken place among members of the firm to discuss some form of litigation.

                        "Apparently, what happened is that Mr. Bush – or through his associates – had made some type of agreement with Mr. Lake's group, the sports agency group that they had. There was a meeting to have happened. It was supposed to be on a Saturday where they were going to discuss potential litigation – or a settlement involving Mr. Bush's involvement with that agency."

                        Carlos, reached Tuesday, declined to elaborate on the testimony.

                        Details about Justice, a junior tackle who has made himself eligible for this weekend's NFL Draft, also surfaced during Lake's testimony. On Nov. 26, 2005 – one week before USC was to play UCLA in the regular season finale – Lake testified that both Justice and Bush were supposed to spend the night out with him. In his testimony, Lake explained his girlfriend had gotten upset with him for planning to go out with Bush, Justice and some of Bush's friends.

                        "Well, I had a sports agency we had formed, and we had a guy in, Winston Justice, from USC," Lake testified. "And [my girlfriend] had planned to go out with us that night, but Reggie Bush came into town. And at that time, he was going to go out with us, so I told her all his friends were coming and that it wasn't a good night for us to go out, and that kind of got her upset."

                        Lake said the group took a limousine to a club, and then eventually dropped Justice off at "Hotel Shalimar." There is no listing for a Hotel Shalimar in San Diego, however, there is an upscale $300 per-night resort in the city's Gaslamp district called "Hotel Solamar." It is unclear from the testimony whether Bush was part of the group that night.

                        USC spokesman Tim Tessalone said the school was unaware of any of the details of the testimony.

                        "That's the first that we've heard of it and I probably need to verify it with Winston," Tessalone said of Justice's name appearing in the testimony.

                        Tessalone also told Yahoo! Sports that USC football coach Pete Carroll and athletic director Mike Garrett would be reserving comment until an ongoing investigation is concluded. An NCAA source confirmed Tuesday that the association has joined the Pacific 10 Conference in investigating the relationship between New Era Sports and Bush.

                        Caravantes also gave details of the New Era Sports venture in his testimony.

                        "Lloyd and I had got together in October to start a new sports management firm with the Sycuan, the Indian resort," Caravantes said. "And since then, Lloyd and myself, and some members of Sycuan and others, have put together a company called New Era Sports and Entertainment. And since October, Lloyd was a viable part of the company, helping recruit players, and in the process of merging this New Era Sports with Sycuan. In the process of this happening, you know, it obviously hurt the company because he had relationships with certain players who ended up not signing."

                        Bush signed with agent Joel Segal and marketing representative Michael Ornstein. His family lived in a house owned by Michaels for most of the last year until moving out last week.

                        Bush attorney David Cornwell and USC offensive tackle Winston Justice didn't return calls seeking comment.
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                        • #27
                          Originally posted by rcsodak
                          It just gets better and better......

                          OK, so after reading that, let me see what the basics are.


                          Two members of the Sycuan Tribe (nice casino, BTW), want to form a sports agency. The Tribe says "No thanks" to being a part of it. "New Era" is the name of the company.

                          They contact Reggie Bush and Winston Justice about being represented by the company.

                          Bush later goes and signs with another company.

                          New Era cries foul, caliming some sort of verbal or handshake agreement is being broken.

                          Seperately, Justice gets a limo ride to a very nice hotel in the Gaslamp. No one claims that Bush was even there that night.


                          DoI have that right?


                          Maybe I am dense, but how is this related to the first story?

                          Has anyone ever said that anyone has actually signed a contract or taken a gift before declaring?

                          What exactly is the problem here, other than some wanna be agents claiming that Bush broke a contract that they apparently never had him sign?

                          Everybody's gotta elevate from the norm...

                          The greatest list of music I don't own on CD :sad:
                          You should check these guys out

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