Found September 19, 2012 on
College Football Section:
Hogs’ Coach Doesn’t Bring Home the Bacon
On Wednesday, Arkansas interim head coach John L Smith filed for Chapter 7 bankruptcy in federal court. Smith claims to owe $25.7 million in liabilities and represents he has merely $1.2 million in assets.
The former Michigan State head coach is currently earning being paid $850,000 to coach the Arkansas Razorbacks. Smith replaces Bobby Petrino who was dismissed after cavorting with a student-athlete volleyball player/Bob’s Your Uncle staffer.
Brent Schrotenboer reports in USA Today that Smith, “has just $300 in cash on hand and $500 in his checking account, the bankruptcy documents show.
Smith estimates the only real property he owns as worth $2,000 from a “1/4 interest in deceased parents real estate — 8 acres in Iona, Idaho worth $8,000.00 (total).”
Smith, 63, publicly disclosed in July that he faced financial problems stemming from real estate investment losses he suffered when he was head coach at Louisville from 1998 to 2002.
The latest court filing shows the extent of those difficulties. The biggest claim against him is $20 million from Terra Springs LLC, in Louisville. Republic Bank and King Southern Bank in Louisville claim $2 million and $902,000 respectively. American Express is claiming $10,810.”
BEST OF MAXIM
John L. Smith does not have a future career in motivational speaking. In fact, he may not have any job in the near-future as his Arkansas Razorbacks have lost to Louisiana-Monroe and Alabama in the last two weeks. At a news conference this week, the head coach noticed how down the media members were so he instructed them all to smile -- in an extremely awkward way, as seen below.
FAYETTEVILE, Ark. -- Tyler Wilson had a moment before the Alabama game when he wanted to do anything but heed his doctors' orders.
Concussion or not, the Arkansas quarterback wanted to play against the No. 1 Crimson Tide.
"Give me my helmet," Wilson thought. "I don't care what anybody else says, I'm playing."
Of course, Wilson didn't play in...
Arkansas Razorbacks: John L. Smith met with the media yesterday and started out by yelling at them to “smile” and “get your head up.” How much more of this can we take?
Arkansas seniors Alonzo Highsmith and Tyler Wilson have tried to provide some leadership this week for a Razorback football team that is reeling heading into Saturday's game with visiting Rutgers.
Arkansas head football coach John L. Smith, who filed for Chapter 7 bankruptcy on Sept. 6, has $27.5 million in liabilities according to USA Today.
Smith, who took over as interim coach for Bobby Petrino, listed just $300 in cash on hand and $500 in his checking account in a court filing, according to USA Today.
In July, Smith disclosed that his financial troubles were caused by...
If you thought Arkansas’ 1-2 start was head coach John L. Smith’s greatest concern, you might be wrong. The Bobby Petrino replacement filed for bankruptcy on Sept. 6, and according to bankruptcy documents he filed, his financial situation is pretty sad.
Per USA Today’s Brent Schrotenboer, Smith wrote on documents that he had just $500 in his checking account and $300 in cash...
SEC coaches on the hot seat, AKA the Jimmy Sexton is about to get paid
Part 1 will look at two coaches who have a great deal of work to do to make it to media day 2013. Part 2 will look at two other coaches who are in dicey situations.
1. John L. Smith—Arkansas. Some in the blogosphere tried to spin this as a very smart hire (guilty) in the wake of the Bobby Petrino/girl in the...
Covering Dixie Like Mildew - The SWRT roundup of SEC news.
Finally, some good news for Arkansas.
Arkansas starting quarterback Tyler Wilson has been cleared to play in Saturday's Razorback game against Rutgers. (AP via Yahoo! Sports)
Where did it all go wrong for Arkansas?
Bobby Petrino, duh. (SI.com)
Mr. Jones strikes up a conversation.
Georgia linebacker Jarvis...
New documents filed in Arkansas coach John L. Smith's bankruptcy show he has debts of more than $25 million and assets of just over $1.2 million.
Smith filed for Chapter 7 bankruptcy earlier this month after real estate investments he made in Kentucky went sour. The documents filed Wednesday show Smith's biggest assets are two retirement accounts worth about $600,000 each...
FAYETTEVILLE, Ark. (AP) -- New documents filed in Arkansas coach John L. Smith's bankruptcy show he has debts of more than 25 million and assets of just over 1.2 million.
Smith filed for Chapter 7 bankruptcy earlier this month after real estate investments he made in Kentucky went sour. The documents filed Wednesday show Smith's biggest assets are two retirement accounts...
After two of the more disconcerting weekend in Arkansas football history, it’s reasonable to expect that Hog fan is just a little on edge. But, one would hope that a couple of days of separation from the latest national embarrassment might yield a little introspection and even some submission to the cooler heads around the situation. I’m sure the more fair and accurate...