CHICAGO — Chicago Bulls superstar and reigning NBA MVP has settled a lawsuit that went back to his college year at Memphis.
The lawsuit pertained to the sole year Rose played college ball at the University of Memphis in which the all the wins and the Final Four trip he led the team to was vacated due to NCAA Violations. His coach John Callipari was also named and has also settled alongside Rose.
The suit was filed by “certain” season ticket holders, according to attorney’s Martin Zummach, Frank L. Watson III and William Burns. They alleged that the season ticket holders bought tickets under false pretenses and argued that they made donations to the Tiger Fund not knowing Memphis could be charged with misconduct.
Rose and Callipari have agreed to settle for $100,000 each. The settlement was signed May 28, 2010.
During the 2009 season, Derrick Rose helped lead the Callipari coached Memphis Tigers to a NCAA-record 38 wins and a trip to the National Title game. They ended up losing a thriller to Kansas in overtime but afterwords it was discovered Rose had committed academic violations among others. It was alleged by the NCAA that someone other than Rose took his SAT for him and Memphis knew of this and knowingly ignored it.
Other allegations surround Rose’s brother receiving free team travel. Despite whether or not the test score allegations were true, the NCAA ruled that Rose would have received ineligibility no matter due to his brother traveling for free.
Rose and Callipari are allowed to pay out the settlement “as they agree among themselves.”
Callipari has agreed to pay back his Final Four bonus and has already made a $58,000 donation to the school. Rose is expected to make a ‘sizeable’ donation to the schools scholarship foundation.