The most important issue Capel discussed was the ongoing investigation with the National Collegiate Athletic Association (NCAA).
This surfaced, of course, after reports from a document obtained by TMZ.com stated that OU forward Tiny Gallon accepted $3,000 in a wire transfer from Merrill Lynch financial adviser Jeffrey Hausinger to him and his mother.
"I want to start off by saying we have a very comprehensive program here at OU on education and monitoring enforcement of the NCAA rules and the conference rules," Capel said Friday afternoon regarding the investigation. "And we review all such matters because a review is in process, it's not appropriate for me to respond with anything that's ongoing with the review right now."
Capel said he is, however, awaiting a time when he can further discuss the matters.
"I do look forward to a point in time when I can talk to you and talk to you in detail about the review," Capel said. "Right now is not that time, so just like I have to respect the process, I would ask that you guys do that as well."
This came after OU Athletics Director Joe Castiglione's statement earlier on in the day.
"As we have stated and confirmed previously, the University of Oklahoma is committed to ensuring compliance with all NCAA rules and regulations," Castiglione said as part of his statement according to a report from OU media relations "Any activity not in compliance is taken seriously and is acted upon swiftly. We have a comprehensive program for the education, monitoring and enforcement of NCAA and conference rules and regulations and we review all such matters. As part of that approach, we cooperate fully and with the NCAA."
On top of this, the other major news in the conference was today's signing of Putnam City West forward Tyler Neal.
"Saying that, I'm really excited to the signing of Tyler Neal today," Capel said. "He got his letter of intent back. He had a ceremony over at the school earlier this morning, and [I'm] really excited about him. I think he's going to be a good player for us, had a really good senior year, state player of the year here in Oklahoma."
During last year, the 6-foot-7, 220 lb. forward averaged 18.2 points and 8.9 rebounds en route to a school-record 22 wins and trip to the 6A state semifinals.
"And I think he has a big upside," Capel said. "The kid just turned 17 years old, and [I] think he has a chance to be a really, really good player for us. He fits what we need in this program, hard working guys, guys that have talent, but also guys with high character, and we look forward to working with him."
So with all the negatives of the looming investigation, there are some positives.