Former NCSU coach Lowe pleads guilty to tax charges
Posted December 11, 2013
Raleigh, N.C. — Former North Carolina State University men's basketball coach Sidney Lowe pleaded guilty Wednesday morning to three misdemeanor counts of failing to file state tax returns in 2009, 2010 and 2011.
Lowe, 53, was arrested in February on three counts of willful failure to file a North Carolina Individual Income Tax Return.
Under the plea agreement reached Wednesday, Lowe will pay $79,000 in restitution, a $2,000 fine and court costs. He will also serve 100 hours of community service and be on unsupervised probation for three years.
Lowe, who coached the Wolfpack from 2006-2011, is currently an assistant coach with the NBA's Utah Jazz. At the time of his departure from State, he was making $500,000 per year.
Lowe, a member of the 1983 national championship team at NC State, held an 86-78 overall career coaching record at his alma mater, including a 25-55 mark in the ACC.
Lowe never topped the 20-win mark and never earned more than six wins in the ACC or finished above ninth place in the league.