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Blog Entry

Houston-area summer basketball figure found dead

Posted on: July 17, 2011 8:08 pm
Edited on: July 18, 2011 3:04 pm
 
By Gary Parrish and Jeff Goodman

David Salinas, an investment adviser who doubled as the founder of a prominent Houston-area summer basketball program, died of an apparent suicide Sunday, multiple sources have told CBSSports.com. According to a source, the development comes in light of the United States Securities and Exchange Commission (SEC) investigating Salinas for fraudulent practices that might've cost several college basketball coaches who had invested with Salinas millions of dollars.

Salinas was 60.

"A lot of coaches got (expletive)," said one college coach who spoke to CBSSports.com on the condition of anonymity. "It's bad."

Former Arizona coach Lute Olson, Baylor coach Scott Drew, Texas Tech coach Billy Gillispie and former Utah coach and current Gonzaga assistant Ray Giacoletti are among those CBSSports.com has confirmed invested with Salinas. A document obtained late Sunday by CBSSports.com has testimonals from other coaches who invested with Salinas -- specifically Nebraska coach Doc Sadler, Texas A&M-Corpus Christi coach Willis Wilson, former Houston and Nevada coach Pat Foster, former Duquesne coach and current United States Merchant Marine Academy coach Danny Nee and Augustana College coach Grey Giovanine.

"But the list is much longer," a source said. "Lots of coaches had money with him, but they're going to try to deny it and just hope it doesn't come out."

The reason some might be concerned about their financial connection to Salinas is because it's unclear how the NCAA would view college coaches investing money with the founder of a summer basketball program that supplied recruits to several universities over the years. Among the prominent prospects who played in Salinas' program are Juwann McClellan (Arizona), Demetri Goodson (Gonzaga), Joseph Jones (Texas A&M), Dexter Pittman (Texas) and Cartier Martin (Kansas State), the last of whom spent last season with the NBA's Washington Wizards.

"I trusted David," said one college coach who spoke to CBSSports.com on the condition of anonymity. "All of us liked him a lot. This is a complete shock." Added another coach who also spoke to CBSSports.com on the condition of anonymity: "I can't believe this happened. He's about the last guy I would've figured would do something like this."

One of the coaches involved called CBSSports.com late Sunday and offered comment. He asked that his name not be used but said, "We're not concerned about the NCAA right now. We're just scared we got Madoffed."
Category: NCAAB
Comments

Since: Jul 26, 2007
Posted on: July 18, 2011 11:52 pm
 

Houston-area summer basketball figure found dead

Either these guys are calling their money "investments" as a way to write off their payoffs to Salinas, or they're well and truly stupid about how they invest.  Since a coach is also in some respects a mentor to his players in life as well as basketball, they're setting a heck of an example for their recruits.



Since: Mar 17, 2009
Posted on: July 18, 2011 3:39 pm
 

Houston-area summer basketball figure found dead

Cub Fanatic, you also need to look farther before you post.  The poster that said that they guy didn't spell Lute Olson's name correctly was talking about someone trashing Olson a few posts farther down.  Also, they haven't said anything about any wrong doing by the coaches, and there are a lot of current coaches on that list right now,



Since: Jul 18, 2011
Posted on: July 18, 2011 1:58 pm
 

Houston-area summer basketball figure found dead

Mr Salinas was a great father and an exceptional coach, he served as a father figure and mentor to many kids... he will be gretaly missed, all of our thoughts and prayers go out to the Salinas Family...



Since: Jul 23, 2009
Posted on: July 18, 2011 1:57 pm
 

Houston-area summer basketball figure found dead

They did spell Lute Olson's name correctly.  You need to check your facts before you make a statement like that.



Since: Jul 23, 2009
Posted on: July 18, 2011 1:55 pm
 

Houston-area summer basketball figure found dead

You don't know much do you??  Her name wasn't Salinas.  And besides, her father is much older.



Since: Oct 6, 2009
Posted on: July 18, 2011 12:58 pm
 

Houston-area summer basketball figure found dead

What a strange situation overall.  Sad to hear that Salinas committed suicide.  Definite thoughts and prayers out to the family for his death.  This type of investment situation brings out more info on the dirty underbelly of college recruiting.  I'm certain there are more investment advisors out there that just happen to have connection to some high powered AAU connections also.  The NCAA will have to add this type of relationship to their investigations as well.


TDAISON
Since: Mar 9, 2008
Posted on: July 18, 2011 10:27 am
This comment has been removed.

Post Deleted by Administrator




Since: Oct 15, 2009
Posted on: July 18, 2011 12:30 am
 

Houston-area summer basketball figure found dead

You can't even spell "Olson" correctly.  Tells me all I need to know about the crap you spew.



Since: Feb 21, 2011
Posted on: July 17, 2011 11:56 pm
 

Houston-area summer basketball figure found dead

Gee......it's just so hard to think Lute Olsen would be involved in shady recruiting practices, isn't it. Bwahahaha.

Lute....hope you lost it all on your "investment".

(Gee, I wonder if he'll go curse someone out and try intimidation tactics. Naaahhhh)



Since: Mar 30, 2010
Posted on: July 17, 2011 11:12 pm
 

"Investment".. yeah right.

What coach "invests" in this company with the intent of a long term appreciation?  These investments sound like payoffs to me for possibly finding a way around recruitment violations by way of a third party, not affiliated with their colleges.  My sincere condolencses to the family of Mr. Salinas, their situation is something I have experience with and I know they can only deeply miss the person they knew and loved.  The NCAA still has a responsibility to look into the circumstances though, to insure an equal playing field between all college coaches and kids who are candidates for the benefit of scholarship and scholastic exposure.  The fact that his death was a suicide may not have anything to do with the questions being asked, but they need to be investigated none-the-less.  To the coaches who "invested".... call your publicist, your lawyer, your athletic director, your recruiters, and your mistresses. In THAT order.  Get your story straight, and get it right, then pray that nobody who knows the truth about your latest schemes a-la the F***ed up credo,  "if you ain't cheating, you ain't trying" decides to expose your lies to the press and alerts us all to the latest way to cheat kids out of whats fair and responsible when it comes to educations for a prepared lifetime vs. ignorant gambling for a short high dollar career.   Print the list CBS and let the coaches start their spin.  Madoffed?  Hah. That was money spent the way a booster buys an SUV and watches it drive away forever.


The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com