Published: February 18, 2013 Updated 4 hours ago
By Joe Giglio — email@example.com
RALEIGH — Former N.C. State basketball coach Sidney Lowe was arrested Monday in Wake County and charged with failure to file and pay state income tax in the years 2009, 2010 and 2011.
Bail was set at $10,000 but Lowe, 53, was released on Monday, according to court documents, on a written promise to appear in court. He has a court date in Wake County scheduled for March 19. The charge is a misdemeanor.
Lowe was the point guard on N.C. State’s national championship team in 1983 and returned to his alma mater in 2006 to be the head coach.
He resigned in March 2011 after compiling an 86-78 record, and just 25-55 in the ACC, in five seasons with the Wolfpack. A longtime NBA coach and assistant, he returned to the pro game as an assistant with the Utah Jazz last season.
A spokesman for the Jazz said the team was aware of Lowe’s arrest but had no further comment. Utah is scheduled to play at home Tuesday night. The team spokesman did not say whether Lowe was expected to be at the game in Salt Lake City.
Lowe’s base salary with N.C. State was about $210,000 and his total compensation was about $900,000 annually. He was owed another $900,000 from N.C. State when he resigned after the 2010-11 season.
Lowe still owns a home in Wake Forest, where he was arrested Monday. It is unclear how much he owes the state of North Carolina in taxes. It is also unknown whether Lowe, who couldn’t be reached Monday, has tax issues with the federal government.