2024 Transfer Portal

WracerX said:
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.
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Seems like this is headed toward a salary cap.
 
Flywheel said:
Seems like this is headed toward a salary cap.
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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?
 
aeromech said:
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?
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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.
 
H-town said:
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.
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Have we ever established if legitimate NIL payments are taxable?
 
H-town said:
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.
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I am pretty sure all that NIL income is both above the table and taxable, unlike the payments from bagmen in the past (where it was under the table but still taxable if you got caught). I will laugh when some star player gets arrested by the IRS for tax evasion because he was too stupid to know he had to file.
 
Flywheel said:
Seems like this is headed toward a salary cap.
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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.
 
MatatoGT said:
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.
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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.
 
gtleviathan said:
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.
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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.
 
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