One interesting story from John Calipari’s press conference that didn’t really fit in my recap has to do with a fund Cal said he and his wife tried to start for their former players’ kids. Cal said they wanted to put together a fund to help his former players pay for their children’s educations, but the NCAA shot it down because it would be an extra benefit:
“I presented this to the NCAA, my wife and I. We want to start a fund. We’ll fund it, we’ll put the money in. That every player that’s ever played for me, whether they be at Mass, Memphis, or Kentucky, can request a grant for their children’s education. And that fund would peel off money for that reason. And when I stop coaching 25 years later, the money that’s left in that fund would be split between Memphis, Massachusetts, and Kentucky.
What was the response? ‘It’s an extra benefit.’ My wife and I sat there and said, ‘we’ve been thinking about this for five years, this is what we want to do. So, why can’t we put $5 or $10 million in an account that peels out money that all those players that have played for me? ‘Because you’ll use it in recruiting. And you’ll have an advantage.’ Well, I won’t if 50 other coaches do the same thing. Now, if 50 of us do it, we can afford it. I’m not the only guy that’s done well and am blessed. Well, 50 of us do it. ‘That’s bad.’”
For Cal, that’s yet another “common sense problem” the NCAA has right now, and one of the reasons it’s a crumbling institution. Kids’ education? Come on now…