Kcs_Tech
Damn Good Rat
- Joined
- Jul 22, 2007
- Messages
- 1,321
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Tennessee, Virginia AGs sue NCAA over NIL rules
The attorneys general of Tennessee and Virginia filed a lawsuit against the NCAA over NIL-related recruiting rules.
I cannot wait for a starting QB to thereaten sitting out the playoff if he does not get paid a bonus
Or even better switching teams before or during playoffs.
I’m waiting for the Texas NIL conglomerate to pay the Ohio State starting QB $5M to appear at 6 flags while skipping the national title game. Totally within the rules.
Seems like this is headed toward a salary cap.
Maybe by making these taxable? Keeping things under the table like that would be tax evasion and a federal offense maybe? At some point the feds need to provide some rules adherence.How?? NIL conglomerates are independent and not affiliated with the team or school. How you keep Nike (for example) from paying a player $3M if they decide they want to. Same holds true for any conglomerate of interested businessmen. How would you legally stop a person/player from getting paid $200k from 5 different NIL conglomerates for a total of $1M?
Have we ever established if legitimate NIL payments are taxable?Maybe by making these taxable? Keeping things under the table like that would be tax evasion and a federal offense maybe? At some point the feds need to provide some rules adherence.
Yes they are taxableHave we ever established if legitimate NIL payments are taxable?
Are they legitimately established?Yes they are taxable
is income tax legitimately established?Are they legitimately established?
It should be because it's income...plain and simpleHave we ever established if legitimate NIL payments are taxable?
Only without representationis income tax legitimately established?
(no, taxation is theft.)
i've heard from the internets that the income tax amendment was never properly ratified, which is proof enough for me to evade it always, recommend you do the same. this is financial advice.It should be because it's income...plain and simple
Continue to evade paying your own income tax and let us know how that turns out.i've heard from the internets that the income tax amendment was never properly ratified, which is proof enough for me to evade it always, recommend you do the same. this is financial advice.
haven't caught me in 25 years babeContinue to evade paying your own income tax and let us know how that turns out.
Maybe by making these taxable? Keeping things under the table like that would be tax evasion and a federal offense maybe? At some point the feds need to provide some rules adherence.
NIL is to college athletes what the Nike/Gatorade/etc... sponsorships are to pro athletes. The "salary" college athletes receive is the scholarship. NFL can and does limit what the team pays, just like the NCAA does for schools, but has no say in what a shoe or car company pays them.Seems like this is headed toward a salary cap.
Can you imagine if a group of Braves season ticket holders banded together and offered Ohtani an "endorsement" deal to get him to come to the Braves without it impacting the team's luxury tax? Crazy stuff.NIL is to college athletes what the Nike/Gatorade/etc... sponsorships are to pro athletes. The "salary" college athletes receive is the scholarship. NFL can and does limit what the team pays, just like the NCAA does for schools, but has no say in what a shoe or car company pays them.
Problem in CFB is there is active and obvious collusion between NIL collectives and the programs, and the collectives aren't real products or entities that would exist on their own, so the "sponsorship" doesn't make as much sense.
The intent with NIL was a player was free to contract with a local or even national business to be a spokesperson, to sell their autographs, and stuff like that. The NCAA's failure to act has now led to this chaos we are now in.
Something similar and maybe more outside the rules is rumored to be one of the reasons Brady remained a Patriot and often accepted lower-priced contracts: he had significant equity in some of Kraft's real estate holdings.Can you imagine if a group of Braves season ticket holders banded together and offered Ohtani an "endorsement" deal to get him to come to the Braves without it impacting the team's luxury tax? Crazy stuff.
Dumbass