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Reggie Bush Settles Impending Lawsuit

Jason Cole of Yahoo Sports reported this morning that Reggie Bush has settled his impending lawsuit with a former associate who claims to have given Bush and his family several financial benefit in return for Bush becoming a client upon his departure from USC.

A source has told Yahoo! Sports that former University of Southern California running back Reggie Bush has reached a settlement in a civil case brought by Lloyd Lake, one of the financiers of failed marketing agency New Era Sports & Entertainment. The settlement comes just days before Bush was expected to give a court-ordered deposition in the suit, centering on $300,000 in unpaid rent, cash and other benefits allegedly provided to the Heisman Trophy winner and his family while he was at USC.

No word on the amount of the settlement have been known. This means the matter is closed from a legal standpoint.

However, the investigation with the NCAA is still open. Though Bush gave a voluntary testimony to the NCAA admitting no wrong doing, they could still punish Bush. And the punishment could very well extend past Bush.

If the NCAA rules that Bush received extra benefits during his playing career at USC, he could be deemed retroactively ineligible. Since some of the benefits date back to the 2004 season, the Trojans’ national championship that year could be rescinded. USC could face further NCAA sanctions and Bush’s 2005 Heisman Trophy could be in jeopardy. The Heisman ballot indicates that an athlete must meet NCAA eligibility requirements to be considered for college football’s most prestigious award.

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