Florida State University is the latest college to suffer the consequences of an NCAA investigation.
The university, which is owned by the Seminoles athletic department, was the subject of a probe into whether it improperly received payments from an outside company.
According to a report by CBS News, the probe focused on a deal between the university and the marketing company, Pivot Worldwide, that saw the school pay Pivot $1.8 million in 2014 for “advocacy work” and marketing services.
“We were asked to investigate whether we had breached the NCAA rule that prohibits the use of outside companies for fundraising or marketing purposes,” said university spokesman Jeff Skowronski.
“We determined that Pivot did not breach the rule.
We did not find any evidence that Pivots activities were related to fundraising.”
The NCAA did not immediately respond to a request for comment.
According, the NCAA rules state that an institution is required to report all “receipts” of outside funds for “revenue from outside sources.”
Pivot Worldwide’s marketing contracts are listed on its website, and the company is a partner of the NBA’s Los Angeles Clippers.
Pivoting Worldwide has also partnered with the NCAA to provide financial support to college sports.
Pivot said in a statement that it is cooperating with the investigation and will cooperate with the SEC.
“Pivoting is a proud partner of Florida State and is proud to support our schools athletics program,” the company said in the statement.
“As an NCAA partner, Pivoted Worldwide is prohibited from providing services to schools outside of the NCAA by rule.
The NCAA’s own rulebook has stated that a team may not engage in recruiting services, consulting or other activities for schools outside the NCAA.
As a result, PIVoted Worldwide has been prohibited from engaging in these activities for the past two years.”
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