Blog Entry

More names tied to Salinas uncovered

Posted on: July 26, 2011 7:30 pm
Edited on: July 26, 2011 7:40 pm
 
By Matt Norlander

You tired of the David Salinas story? If so, that's unfortunate, because there are more layers to it, still, and just because it's lost a little momentum doesn't mean it's lost relevance. Coaches affected by Salinas' death met with lawyers in Las Vegas over the weekend.

There's still a lot of panic over this. A lot of uncertainty. A lot of coaches stand to forever lose a lot of money because they weren't smart with their investments.

Sports Illustrated's Pablo Torre has been doing work on the ground in Houston -- where Salinas lived -- for the past week, and in advance of a profile of Salinas' final days and/or months, Torre retrieved more names and money amounts that were lost in the Ponzi scheme. That update was released Tuesday. Most of the names and numbers listed below were released last week, but there are still figures inside and outside of college basketball who dealt with Salinas, and whose names haven't been revealed.

It's important to note that the exclusion of those names doesn't infer dubious behavior; this saga is sad for those who knew Salinas, and it's embarrassing all the while as well. And some of the people who invested with Salinas weren't involved in this specific Ponzi scheme -- they didn't necessarily lose any money, in fact.

SI updated its list of the names attached to the Ponzi scheme, from highest to lowest amounts lost in at-risk bonds. I've attached them here.

-- Texas Tech head coach Billy Gillispie ($2.3 million)
-- Gonzaga assistant Ray Giacoletti ($1.2 million)
-- Former Arizona coach Lute Olson ($1.17 million)
-- Baylor football head coach Art Briles ($780,000)
-- Texas A&M-Corpus Christi head coach Willis Wilson ($642,000)
-- Baylor head coach Scott Drew ($621,000)
-- Augustana head basketball coach Grey Giovanine ($533,000)
-- Former Washington Wizards guard Cartier Martin ($374,000)
-- Gonzaga head coach Mark Few ($353,000)
-- Golden State Warriors forward Ekpe Udoh ($350,000)
-- Adidas staffer and Houston Select staffer Martin Fox ($249,000)
-- Illinois State head coach Tim Jankovich ($184,000)
-- Former Oklahoma State and Rice player Jason Skaer ($129,500)
-- Former New Mexico AD Rudy Davalos ($83,000)
-- Former Rice, Wichita State, Cornell head coach Scott Thompson ($65,000)
-- Nebraska head coach Doc Sadler ($38,000)
-- Arizona State associate athletics director Mike Chismar ($30,000)
-- Evansville assistant James Elgas ($24,000)
-- United States Merchant Marine Academy head coach Danny Nee ($23,000)
-- Creighton assistant Steve Lutz ($9,000)
-- Former Houston head football coach Bill Yeoman (unknown)
Category: NCAAB
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