UNLV coach says program not for sale, needs $10M

The head coach of the University of Nevada, Las Vegas men's basketball team has clarified comments he made last week about seeking an "owner" for the program, stating the team is not for sale but highlighting the urgent need for major financial backing to compete in the modern college sports landscape. Coach Josh Pastner made the initial remarks in a July 23 interview, suggesting a backer could invest $10 million to $12 million to become the "owner" of the Runnin' Rebels, framing it as a more affordable alternative to the billions being discussed for a potential NBA expansion franchise in Las Vegas.

In a statement posted on July 27, Pastner walked back the literal interpretation of his comments. He stated the program belongs to UNLV, its students, alumni, and the community, and is not for sale. He explained his reference to an "owner" was meant to underscore the level of resources and sponsorship required to compete at a high level in the era of name, image, and likeness deals and revenue sharing. The coach emphasized that securing significant funding is critical for the program's survival and competitiveness.

The context for Pastner's appeal is a rapidly escalating financial...