PBOC Says It Adds Short-term Funding to China Money Market
University of Miami to Skip Bowl Game This Season Amid NCAA Investigation
The University of Miami won’t allow its football team to play in a bowl game this season because of a National Collegiate Athletic Association investigation.
The NCAA inquiry began after former Miami booster Nevin Shapiro told prosecutors he provided cash and benefits to at least 72 athletes from 2002 through 2010, according to Yahoo! Sports. The NCAA on Aug. 30 ordered eight Miami players to miss games and repay benefits from Shapiro.
Miami, which has won at least a share of five national championships since 1983, has a 6-5 record this season and beat South Florida two days ago to become bowl eligible. School officials informed the NCAA and the Atlantic Coast Conference last night of their decision to withhold the football team from bowl consideration.
“After lengthy discussions among university leaders, athletic administrators and outside counsel, it is a necessary step for our university,” the school said in a statement.
Miami said it hasn’t imposed any other penalties.
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