In addition to a one-and-done season as Arkansas’ head coach and the death of his brother, Bart, John L. Smith’s financial troubles have equated to one unimaginably tough year. Unfortunately for Smith, now coaching at Fort Lewis College in the D-II ranks, he’s not in the clear yet when it comes to his money problems.
The USA Today reports that several creditors have issued complaints that Smith used his 10-month employment contract with UA for fraud. Additionally, the report states that the bankruptcy arm of the U.S. Department of Justice has investigated Smith for possible fraud, but has not yet filed a complaint.
Specifically, creditors are interested in Smith’s $850,000 contract with UA, 71 percent of which he agreed to receive after the season. One payment of $300,000 was made to Smith and December, and he is set to receive another $300k later this month. That agreement was reportedly made a week before he filed for Chapter 7 bankruptcy in September and goes against what how the university paid former coach, Bobby Petrino.
The USA Today reported later that month that Smith had just hundreds of dollars on hand to his name after expenses. That would make sense if he deferred payment of just over $600,000.
“[Smith] “has unjustifiably concealed, destroyed, mutilated, falsified, and/or failed to keep or preserve recorded information, including books, documents, records and papers from which the debtor’s financial conditions or business transactions might be ascertained,” the complaint sates.
Smith claimed more than $40 million in liabilities stemming from failed real estate investments.
Auburn could be the beneficiary of an offensive transfer in the not-too-distant future, but the football program has apparently sustained a loss on the other side of the ball.
In a tweet posted to his personal Twitter account Sunday, Justin Thomas-Thornton revealed that he will be “pursuing my collegiate football and academic endeavors elsewhere.” The defensive lineman gave no reason for his decision to leave The Plains.
Thomas-Thornton, a four-star 2014 signee, played in the 2015 opener against Louisville, but didn’t see any other action the remainder of the year.
If Thomas-Thornton opts for another FBS program, he will be forced to sit out the 2016 season. He’d then be left with two seasons of eligibility that he’d be able to use beginning in 2017.
Finally, a personnel attrition post on this late-June Sunday that doesn’t involve Baylor.
In mid-May, wide receiver Ryan Sousa announced via Twitter that he had decided to transfer out of the Florida football program, and ultimately landed at FCS Southern Illinois. A little over six weeks later, a fellow Gator receiver has apparently made a similar decision, with Scout.com reporting that Alvin Bailey will leave Jim McElwain‘s squad.
No reason was given for the receiver’s decision, although the recruiting website has an idea as to why.
The Gators added five receivers in the 2016 recruiting class, three of which were on campus in the spring. Junior college transfer Dre Massey seemed to pull ahead of Bailey in the month long practices held between March and April.
The school has declined to address Bailey’s status with the football program.
Bailey was a four-star member of UF’s 2013 recruiting class, rated as the No. 22 receiver in the country. The production never quite matched the recruiting pedigree, though, with Bailey catching three passes for 49 years in his career in Gainesville. All of those stats came during the 2015 season.
Yep, another post revolving around a now-former Baylor football player.
One of five 2016 BU signees to receive a release from their National Letter of Intent, Kameron Martin took his first visit to a potential destination with a trip to Auburn Friday. In short order, he will take a visit to TCU as well.
“Probably Tuesday,” the running back told al.com, he will make a decision between the Tigers and Horned Frogs.
“(TCU) said I can be an impact player right away,” Martin told the website. “Auburn showed me a lot of love and treated me like family. That’s kind of what I like. I want to go somewhere where they treat me like family. … Auburn was about business, so we’ll see if TCU can show me a good time.”
A four-star 2016 signee according to 247Sports.com, the 5-10, 178-pound Johnson was rated as the No. 7 all-purpose back in the country; the No. 39 player at any position in the state of Texas; and the No. 268 player overall on that recruiting website’s composite board.
As is the case with other 2016 Bears signees who have fled Waco, Johnson will be eligible to play immediately in 2016 whether he lands at Auburn or TCU.
“Baylor Attrition Day” here at CFT continues, although this one has nothing to do with a 2016 signee.
According to a report from Rivals.com affiliate SicEmSports, Chris Johnson has decided to leave Baylor and transfer into the Houston football program. The same website is reporting that the Bears gave the erstwhile quarterback a release from his scholarship.
Johnson will be graduating from BU this summer, thus making himself immediately eligible to play for the Cougars in 2016. Not only that, but he will have two years of eligibility remaining.
Thanks to a rash of injuries at the position, Johnson started two games for the Bears at quarterback in 2015 before he too sustained an injury. He returned to start BU’s bowl win over North Carolina, but changed positions this spring and was listed as a wide receiver/tight end on his official BU profile. At least in the beginning, he’s expected to continue in a receiving role with the Cougars.