Tuesday, February 19, 2013

Former N.C. State Player/Coach Arrested On Tax Charges

(Grant Halverson/Getty Images)
Former N.C. State basketball coach Sidney Lowe was arrested Monday in Wake County and charged with failure to file and pay state income tax in the years 2009, 2010 and 2011.

Bail was set at $10,000 but Lowe, 53, was released on Monday, according to court documents.
Lowe was the point guard on N.C. State’s national championship team in 1983 and returned to his alma mater in 2006 to be the head coach.

He resigned in March 2011 after compiling an 86-78 record and returned to the pro game as an assistant with the Utah Jazz last season.

A spokesman for the Jazz said the team was aware of Lowe’s arrest.

Lowe’s base salary with N.C. State was about $210,000 and his total  compensation was about $900,000 annually. He was owed another $900,000 from N.C. State when he resigned after the 2010-11 season. 

No comments:

Post a Comment

Blog Archive