User ID
Password
  Forgot User ID
or Register Today!
VegasInsider.com
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Auto
Soccer
Horses
Golf
More
Betting Tools

 
Ex-NC State coach, Lowe, pleads guilty

New Sportsbook.ag customers: Make your 1st bet, get your 2nd bet free, 100%, winnings paid in cash.
Join Now

Already have an account? Click here to view new Exclusive Rewards!

RALEIGH, N.C. (AP) - Former North Carolina State basketball coach Sidney Lowe has pleaded guilty to failing to file his North Carolina tax returns for three years.

Advertisement
Lowe entered his plea Wednesday in Wake County District Court before Judge Margaret Eagles.

He received a suspended 45-day jail sentence, was placed on 36 months of unsupervised probation, must complete 100 hours of community service within the year and must pay more than $79,000 in restitution plus a $2,000 fine.

In a statement announcing the plea, the state Department of Revenue said the 53-year-old Lowe, currently an assistant with the NBA's Utah Jazz, didn't file returns from 2009-11 - the last three years he coached the Wolfpack.

The agency says Lowe didn't file his state tax returns for those years even after he was contacted about it - but he did file them prior to his court date.

Lee Turner, Lowe's Raleigh-based attorney, told The Associated Press that his client ''has been very embarrassed by this from the beginning'' and attributed it to Lowe not paying attention to detail.

''I assure you this is something that is never going to happen again,'' Turner said.

The department says Lowe received roughly $962,000 in income in 2009 and $953,000 in 2010 from N.C. State and roughly $659,000 in 2011 from the school and the Jazz, who hired him after he resigned as the Wolfpack's coach that year.

At N.C. State, Lowe was paid a base salary of around $210,000 per year. That was boosted to $760,000 with television and radio commitments, and with bonuses and endorsements could have been up to $900,000 a year.

A contract settlement after his resignation was expected to pay Lowe around $900,000, athletic director Debbie Yow said at the time.

Lowe was one of the most beloved players in N.C. State history for his role as the starting point guard on the ''Cardiac Pack'' team that won the 1983 NCAA championship. He returned to Raleigh in 2006 to replace Herb Sendek as coach, but the Wolfpack struggled to sustain any momentum in Lowe's five seasons. He never made the NCAA tournament as a coach.

The Wolfpack never finished higher than ninth in the Atlantic Coast Conference under Lowe. He went 86-78, including just 25-55 in ACC play. Lowe was 3-16 record against rivals Duke and North Carolina, with two of those wins coming in his first year.

Lowe twice reached the NIT. After he stepped down, the school hired current coach Mark Gottfried.

Lowe also spent five years as an NBA head coach in Minnesota and Memphis, compiling a 79-228 record

.

AP NEWS
The Associated Press News Service

Copyright 2015
The Associated Press
All Rights Reserved

  
HEADLINES
News: Challenge Props posted
Coastal Carolina to join Sun Belt, move up
Pitt adds JC guard Jonathan Milligan
Duquesne names David Harper AD
Patrick Ewing Jr. joins G'town hoops staff
ENMU to be on probation, vacate wins
Hoosiers kick off Holt, discipline Bryant
Assistant Morton resigns at Seton Hall
Buffalo F Moss accused of stealing
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NCAA BK College Basketball Handicapper Sports Picks Records
VegasInsider.com Gold Membership
2014 CBK SEASON PICK RECORDS
Money Leaders
Handicapper Money
Joe Williams + 927
Chip Chirimbes + 865
Brian Edwards + 764
Last 7 Day Leaders
Handicapper Money
No Games Last 7 Days  
   
   
Percentage Leaders
Handicapper Pct
Chip Chirimbes 54 %
Scott Pritchard 54 %
Stephen Nover 53 %
Guaranteed Leaders
Handicapper Money
Kevin Rogers + 1337
Brian Edwards + 1195
John Fisher + 994
Over-Under Leaders
Handicapper Money
Kyle Hunter + 792
Antony Dinero + 700
Andy Iskoe + 654
Member Leaders
Handicapper Money
The SportsBoss + 612
Joe Williams + 248
Jim Feist + 183
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Gold Membership