heelinhell
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Yes, it was a made-up scandal that was handled poorly by Holden Thorp. An investigation by a former GOP governor said there was nothing to see here as did the NCAA.1. It was a mostly made-up scandal. The actual transgressions -- once you remove some false allegations from narcisssistic weirdos -- were small fries; it was a football program thing; and the basketball coaches didn't know about it.
2. I have no proof of that policy. I have no evidence of that policy, other than what I have read on message boards in various places. I have read that on quite a few message boards, but message boards are not a reliable source of information even in the aggregate (esp. since they are extremely prone to information cascades. I will not assert it against any pushback, because I don't know.
I took this thread to be casual talk. I'd go one step further than "not worth much" and say its non-zero worth would feature many 0s after the decimal point.
I was an executive producer of an award winning documentary ( "Unverified: The Untold Story Behind The UNC Scandal " ) which demonstrates it was largely a media created scandal inspired by two disgruntled UNC faculty members which did harm to many honest and hardworking folks within the athletic department.