Redenbacher
Well-known member
From today's NYTimes. Some excerpts:
St. John’s, thanks largely to Repole, now compensates its players like powerhouse programs. For his part, Repole jokes that St. John’s will be changing its name to St. Mike’s.
Between $3.5 million and $4 million has gone to pay players this year, according to Pitino. That would put it in the top 20 highest N.I.L. payrolls in the country, said Jason Belzer, a lawyer who often represents colleges in such deals.
Money now largely determines the success of a basketball program, and without further regulations, Thelin said, “the rich are truly going to get richer” by monopolizing top players. The S in St. John’s, he quipped, might as well be a dollar sign.
www.nytimes.com
St. John’s, thanks largely to Repole, now compensates its players like powerhouse programs. For his part, Repole jokes that St. John’s will be changing its name to St. Mike’s.
Between $3.5 million and $4 million has gone to pay players this year, according to Pitino. That would put it in the top 20 highest N.I.L. payrolls in the country, said Jason Belzer, a lawyer who often represents colleges in such deals.
Money now largely determines the success of a basketball program, and without further regulations, Thelin said, “the rich are truly going to get richer” by monopolizing top players. The S in St. John’s, he quipped, might as well be a dollar sign.

Can Billionaire Backer Mike Repole Buy St. John’s a Basketball Championship?
Mike Repole, who loved the homegrown team of his youth, has helped assemble a juggernaut enabled by compensation rules that one critic says created “the wild West.”