Michigan agrees to return money to NIT
ANN ARBOR, Mich. -- Michigan agreed to return money to the NIT because three players who helped the Wolverines win the 1997 championship had been linked to a scandal involving booster Ed Martin.
Athletic director Bill Martin would not disclose how much money was returned.
"We were extremely pleased with the outcome from our discussions with the NIT," said Martin, who declined further comment Wednesday.
Before his death, Ed Martin said Maurice Taylor, Robert Traylor and Louis Bullock were among the players he gave $616,000, making them ineligible during the school's 1997 tournament appearance.
Michigan officials last year imposed penalties on their program, including a postseason ban for 2003; forfeiture of 112 regular season and tournament victories from five seasons, plus its victory in the 1992 NCAA semifinal; the return of $450,000 to the NCAA for money earned from the NCAA tournament during those years; and placing itself on two years' probation.
The NCAA accepted Michigan's penalties in May, but added an additional year of a postseason ban. Last month, Michigan became eligible for postseason play in 2004 after becoming the first school in five years to win an appeal of a postseason ban with the NCAA.
This story is from ESPN.com's automated news wire. Wire index
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