Yahoo! Sports: Former Shocker Fred VanVleet involved in federal investigation

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The Yahoo report indicates that NCAA officials, thus far, have declined to comment on the findings, which are likely to have far-reaching ramifications.

Things aren't going well for the NCAA right now, as the FBI's investigation into a pay for play scandal that began with a few teams, most notably Louisville, has expanded to include more than 20 programs as of now. The documents also link college basketball stars Miles Bridges, Collin Sexton and Wendell Carter to "specific extra benefits" for themselves or their families, according to Yahoo.

There are also many other current and former college players accused of receiving thousands of dollars from this National Basketball Association agent.

Emmert said the formation this past October of an independent Commission on College Basketball meant to provide recommendations on cleaning up the sport.

"With these latest allegations, it's clear this work is more important now than ever", Emmert said.

A balance sheet from December 2015 lists several payments under "Loan to Players", including $43,500 to Dallas Mavericks guard Dennis Smith, who played one season at North Carolina State in 2016-17.

Yahoo Sports says under the subheading "Loan to Players", there is a listing that refers to "BAM" for $12,000. "We have taken steps proactively to reach out to the NCAA and the BIG EAST Conference, and while we have not been contacted by investigators, we will be conducting our own internal review".

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The report, citing documents from an ongoing federal investigation, outlines allegations involving as many as two dozen players or their families from a former National Basketball Association sports agent named Andy Miller or his firm, ASM Sports.

This was a very Mark Dantonio-like approach, basically stating that he doesn't believe that he, nor his student-athletes or staff violated NCAA rules.

The fallout from this probe will be tremendous and we expect more firings and players being labeled ineligible in the coming days.

There are so many schools involved, it's unknown how the NCAA will handle all these cases. Additionally, the ongoing criminal investigation could create other complications for the NCAA. Six other assorted participants in the basketball underworld also have been arrested: Dawkins; former sneaker executives James Gatto and Merl Code; financial adviser Munish Sood; clothier and former referee Rashan Michel; and Florida AAU coach Brad Augustine.

Miller, who was decertified as an National Basketball Association agent in the wake of the investigation, has not yet been charged in the case, according to Yahoo.

Davis is alleged to have received $1,500, while Ibeh is listed as a player who had meetings with ASM.