Jul 19, 2011Prominent Houston Summer Hoops Coach Under Investigation Commits Suicide
Prominent Houston Summer Hoops Coach Under Investigation Commits Suicide
CBSSports.com, Gary Parrish & Jeff Goodman
David Salinas, an investment adviser who doubled as the founder of a prominent Houston-area summer basketball program, died of an apparent suicide Sunday, multiple sources have told CBSSports.com. According to a source, the development comes in light of the United States Securities and Exchange Commission (SEC) investigating Salinas for fraudulent practices that might’ve cost several college basketball coaches who had invested with Salinas millions of dollars. Salinas was 60. “A lot of coaches got (expletive), said one college coach who spoke to CBSSports.com on the condition of anonymity. It’s bad.” Former Arizona coach Lute Olson, Baylor coach Scott Drew, Texas Tech coach Billy Gillispie and former Utah coach and current Gonzaga assistant Ray Giacoletti are among those CBSSports.com has confirmed invested with Salinas. A document obtained late Sunday by CBSSports.com has testimonals from other coaches who invested with Salinas — specifically Nebraska coach Doc Sadler, Texas A&M-Corpus Christi coach Willis Wilson, former Houston and Nevada coach Pat Foster, former Duquesne coach and current United States Merchant Marine Academy coach Danny Nee and Augustana College coach Grey Giovanine. “But the list is much longer, a source said. Lots of coaches had money with him, but they’re going to try to deny it and just hope it doesn’t come out.” The reason some might be concerned about their financial connection to Salinas is because it’s unclear how the NCAA would view college coaches investing money with the founder of a summer basketball program that supplied recruits to several universities over the years. Among the prominent prospects who played in Salinas’ program are Juwann McClellan (Arizona), Demetri Goodson (Gonzaga), Joseph Jones (Texas A&M), Dexter Pittman (Texas) and Cartier Martin (Kansas State), the last of whom spent last season with the NBA’s Washington Wizards. “I trusted David, said one college coach who spoke to CBSSports.com on the condition of anonymity. All of us liked him a lot. This is a complete shock.” Added another coach who also spoke to CBSSports.com on the condition of anonymity: “I can’t believe this happened. He’s about the last guy I would’ve figured would do something like this.” One of the coaches involved called CBSSports.com late Sunday and offered comment. He asked that his name not be used but said, We’re not concerned about the NCAA right now. We’re just scared we got Madoffed.