Men's Basketball

College basketball notes: St. John's loses three freshmen to academics

NEW YORK — St. John's has announced that freshmen Amir Garrett, Norvel Pelle and JaKarr Sampson did not qualify for the fall semester.

The school said Thursday that the three members of the highly regarded recruiting class will work to become eligible for the spring semester. If so, they would be able to participate in practice on Dec. 19.

That means they will miss St. John's game against Kentucky at Rupp on Dec. 1.

The 6-foot-6 Garrett, a native of Los Angeles, was drafted in the 22nd round of the baseball draft in June and signed with Cincinnati in August. NCAA rules allow Garrett to play college basketball and professional baseball.

The 6-10 Pelle is from Compton, Calif., while the 6-7 Sampson is from Akron, Ohio.

The remainder of the nine-member recruiting class is eligible to compete in the fall.

Lawsuit: Olson lost $1M

DALLAS — Former Arizona coach Lute Olson contends in a lawsuit that he lost more than $1 million by investing in "bogus" bonds with David Salinas, the Houston financial adviser for college coaches who committed suicide while under investigation by the Securities and Exchange Commission.

Olson's suit, filed in federal court in San Diego on Sept. 7, accuses Salinas and an associate of fraud. It seeks to recover money the Hall of Fame coach says he invested six months after he retired in October 2008. Olson was Arizona's coach for 24 seasons, leading the Wildcats to four Final Four appearances and a national title in 1997.

Olson's attorney, Michael Aguirre, said Thursday that the $1 million loss has left his 77-year-old client without a significant portion of the money he'd set aside for retirement.

"This was all retirement money," Aguirre said. "I don't care who you are. This was a very important and material part of his retirement plan."

Olson is among several current and former college basketball coaches who invested with Salinas, who also operated a well-known Houston AAU basketball program. Some coaches have acknowledged that they were investors, but Olson's lawsuit is the first known instance of a coach publicly detailing his involvement.

Iowa beats UNC for recruit

DES MOINES, Iowa — The Hawkeyes have finally kept a top-rated Iowa recruit away from North Carolina Coach Roy Williams. Sioux City East center Adam Woodbury says he'll play for Iowa next season instead of the Tar Heels.

The 7-foot-1 Woodbury is widely considered one of the nation's top recruits, and he is the best signing yet for Coach Fran McCaffery.

Williams nabbed Raef LaFrentz, Kirk Hinrich and Nick Collison from Iowa high schools while coaching at Kansas. He signed star Harrison Barnes from Ames, and Linn-Mar High senior Marcus Paige has verbally committed to the Tar Heels.

New home, TV for tourney

NEW YORK — The Coaches vs. Cancer Classic will have a new home, network and title sponsor starting in 2012. The tournament that started in 1995 will move next year from Madison Square Garden to the new Barclays Center in Brooklyn and its exclusive broadcast and media rights will be owned by Turner Sports.