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(ap) breaking--lebron james has announced his retirement from professional basketball, stating "i have made enough money, now its time to give something back to the game". the ncaa has reclassified james as an amateur and he will join coach tim jankovich and the smu basketball program as a walk on this fall. the university of texas and the university of oklahoma have filed federal lawsuits and a statement asserting that this move by the ncaa is "an affront to the cabal that leads university athletics in the southwest and a threat to the managed competition that governs our established system."

more to come

(ap) further: a spokesman for the ncaa rules committee, when asked how james could be reclassified as an amateur, stated "we always look at the academic record of the individual in these cases, and we found that the student in question is still nine semesters short of graduating, thus making him eligible as a student athlete.

Good news.

I heard he rented the home next to president Turner

Not sure he can make the adjustment to the college level. I hope he gets some playing time and a chance to develop.

But we needed a point guard.

sadderbudweiser wrote:But we needed a point guard.

He's proven he can run the point, but I'm afraid he might be a shoot 1st point that could hurt team chemistry.

Probably a good future MBA candidate also, I hear he knows how to make it rain.

We'd probably get the bball DP afterwards but it would be worth it.

ojaipony wrote:
We'd probably get the bball DP afterwards but it would be worth it.

Nah!! we would just need to change the school name to UNC- dallas branch and we would be home free. Plus give every student a chance to cheat on their exams so all would be ==.

I guess the Lakers ended up offering him more.

outrageous that we could not do better than $75 mil per year to obtain his services. Just think...if he had signed to come to SMU for 4 years, he might have earned a degree that would have been invaluable when his playing days are over. He will undoubtedly regret this decision some day.

Charleston Pony wrote:outrageous that we could not do better than $75 mil per year to obtain his services.

I expected more out of Hart and Jankovich after the reseat.

LJ is a example of how verbal commitments are mostly worthless until a signed NLI is faxed to the school. LJ would have enjoyed Moody Madness. Now, he is stuck in LA making only $153M.

LJ is a example of how verbal commitments are mostly worthless until a signed NLI is faxed to the school. LJ would have enjoyed Moody Madness. Now, he is stuck in LA making only $153M.

i am awash in bitterness over this. awash