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Report: Marvin Bagley III's Family Went From Bankrupt to Luxury After Nike Sponsored AAU Team

An investigative report by The Oregonian and OregonLive.com has found that Marvin Bagley III's family may have benefited financially from Nike's sponsorship of his AAU team.

Duke was not among the schools implicated in a recent FBI investigation into college basketball corruption. Several Adidas-affiliated schools were tied to company representatives allegedly paying recruits to lead them to those programs. Nike has not been charged in any investigation.

The Oregonian investigation details that Nike sponsored the Phoenix Phamily, where Marvin Bagley Jr. was the coach and team director. The Bagley family filed for Chapter 7 bankruptcy in April 2008 with a combined annual income of about $44,000 between Bagley Jr.