Sunday, July 05, 2009
Lawsuit Surrounded By Question Of Who Actually Employed Billy Gillispie
A big question involved in a lawsuit filed against the University of Kentucky Athletics Association by former men's basketball coach Billy Gillispie is not whether he coached the U.K. team, but, rather, who was actually his employer. The university announced in a news release on May 28th. that Gillispie worked for the university, not the athletics association. However, 2007 tax returns, filed by the U.K. Athletics Association, lists Gillispie as the organization's highest paid employee, more than $1,220,667 with contributions to employee benefit plans and deferred compensation of $293,524. Failure to give accurate information with the IRS could risk the organization's tax-exempt status. If Gillispie worked for U.K. University, his lawsuit must be heard in Kentucky.
# posted by Homer Owens @ 4:36 PM 
