When Marcel Yates was hired to be the Arizona Wildcats’ new defensive coordinator after the 2015 season, his pay increased from what he made at Boise State, but apparently not enough.
In a report by the Idaho Statesman on Friday, investors of a failed used car lot run by Yates called Platinum Motors are owed more than $900,000.
After suing the Yates family, $775,000 was awarded to two separate investment firms last month. However, Arizona’s defensive coordinator claims he does not have enough money to pay this off.
This is the explanation in the report:
However, in documents filed in Ada County District Court, Yates says he doesn’t have money to pay back KTMAC and other investors. He said almost his entire Arizona salary goes to pay three mortgages on two homes he owns in Eagle; a rental residence in Arizona; monthly living expenses; an auto lease payment for his estranged wife, Melanie; and attorney fees.
Yates did not comment on this, nor did his Boise attorney.
The report makes the entire Platinum Motors business seem extremely sketchy. There seems to be a ton of improprieties surrounding it, both by the Yates family and the sales manager, Mike McCormick.
McCormick also claimed NCAA illegalities by Yates, namely bringing Keyshawn Johnson in to meet with players at the dealership rather than meeting at a Boise State athletic facility.
“McCormick’s allegations are wholly false and could lead to an investigation of Yates by the NCAA, resulting in disciplinary actions, up to and including termination of his position with the University of Arizona and difficulty working as a coach of any institution within the NCAA,” states a defamation suit Yates filed against McCormick.
The NCAA did not comment on whether or not there is an investigation into McCormick’s claims.
The whole thing is very much of a he said, she said kind of thing, and who knows what actually happened in some of those financial dealings. But the entire story is certainly worth a read, and makes you question Yates’ character just a bit.