If it’s a Thursday, that must mean it’s time for another Yahoo !Sports investigation into gifts Reggie Bush might have received at USC. (We don’t mean to make light of the hard work Yahoo! has put into its exhaustive investigation, but we repeat that it’s hard to take an investigation all that seriously when the journalistic institution in question requires an exclamation point at the end of its name.)

Anyway, it looks like they now have Bush on tape accepting a crapload of money and gifts.

According to multiple sources in an ongoing Yahoo! Sports investigation, nearly $280,000 in cash, rent and gifts was allegedly given to Bush and his family. Lake and Michaels both said in August 2006 that they planned to file a lawsuit against Bush. … If the NCAA rules that Bush received extra benefits during his playing career at USC, he could be ruled retroactively ineligible. Since some of the benefits date to the 2004 season, the Trojans’ national championship that season could be rescinded. USC could face further NCAA sanctions and Bush’s 2005 Heisman Trophy could be in jeopardy.

This is ultimately more damaging for USC than it is for Bush, who could lose his Heisman Trophy but, uh, kind of has bigger fish to fry right now. Though we think that if they do decide to take away his trophy, it might be funny if they had to chase him for it.

Tale Of The Tapes [Yahoo! Sports]