• October 10, 2015

Sidney Lowe arrested on tax evasion charges - Technician: News

Sidney Lowe arrested on tax evasion charges

Font Size:
Default font size
Larger font size

Posted: Tuesday, February 19, 2013 12:25 am

Former N.C. State basketball coach Sidney Lowe was arrested Monday and charged with failure to file taxes with the state of North Carolina.

Lowe allegedly failed to file taxes the last three years of his coaching term — 2009, 2010 and 2011 — according to the State Department of Revenue, and was booked in Wake County Monday. 

Lowe was released under a $10,000 bond and faces three misdemeanor charges, one for each year, according to The News & Observer

Lowe is currently an assistant coach for the Utah Jazz, but still owns a home in Wake Forest, according to a report by the Associated Press. He declined to speak to a reporter outside of the home, and reportedly left in an airport taxi.

Lowe’s total income could have been as high as $900,000 during his time at the University, about $210,000 coming from the University and the rest coming from media commitments, according to Sports Illustrated.

Lowe played in the 1983 National Championship, which N.C. State won. He served as head coach of the University’s basketball team for five years, finishing without an NCAA Tournament bid and a record of 86-78 overall, 25-55 within the ACC. 

Lowe was not present at Monday night’s practice for the Utah Jazz, but is expected to return for the team’s next game. According to the AP, head coach Tyrone Corbin does not expect the misdemeanor charges to affect his role with the Jazz.