OPINION: It’s been 75 years since college basketball’s first major gambling scandal. Not all that much has changed

Thursday, March 19, 2026 9:48 AM
Photo: Shutterstock
  • Dana O’Neil, CNN Money

Odds are, there won’t be any ads about it over the next three weeks of the NCAA Tournament, but college basketball is celebrating an anniversary this year.

It was 75 years ago that the New York district attorney announced the arrests of 32 college basketball players as part of a sweeping sting operation into point-shaving that eventually included 86 games, 17 states and $72,000 in bribes – more than $900,000 in today’s money.

The fallout prompted this screed from Clair Bee, a future Hall of Famer who was then the head coach at Long Island University.

“That brings us to the athletes of today, to the boy who possesses great athletic ability, who has been spoiled by the adulation of his parents, friends, sports fans and the press.