Did Nike Pay Marvin Bagley III?

A report came out today Marvin Bagley III and his family might have benefited from an arrangement with his Nike travel team. In other BREAKING NEWS, the sky is blue, dogs and cats don't always get along, and football might give you concussions.

In other words, we already knew this sort of thing happened.

Having said that, the details were a bit shocking.

An investigative report by The Oregonian and OregonLive.com has found that Marvin Bagley III's family may have benefited financially from Nike's sponsorship of his AAU team, the Phoenix Phamily, where Marvin Bagley Jr. was the coach and team director.

The Bagley family filed for Chapter 7 bankruptcy in April 2008 with a combined annual income of about $44,000 between Bagley Jr. and his wife. After the Nike sponsorship, the Bagley family moved to Southern California and tax filings observed by the Oregonian show that they live in a gated community where rents in the area range from $2,500 to $7,500 per month. The Bagley family and Nike did not offer any details about the team sponsorship or the family's personal finances when reached by The Oregonian.

Nike has said it provides some financial support to teams competing in its Elite Youth Basketball League, according to OregonLive. Bagley went on to become a top college prospect at Sierra Canyon, a private school with an estimated tuition of about $36,250 per year.

Hmmmmmm... So they were bankrupt? Then they could afford to live in a place that cost $2,500-$7,500 per month? With him going to a school that cost about $3,000 per month to attend? You're telling me that this dude was worth $10k a month in high school?

Wow. I wish my kids were better at basketball LOL.

Thanks for reading. #JWT

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