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Greed in College Sports

Discussion in 'Sports' started by Texas Forever, Jun 15, 2023.

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  1. Texas Forever

    Texas Forever Eight Time F1 World Champ
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    #1 Texas Forever, Jun 15, 2023
    I hope all you agree paying high school punks who can barely read and write millions for their NIL license is a sign that college sports has gone completely gonzo. (Are you listening Jimbo?) But apparently, some donors have been claiming their contributions to NIL payments as a charitable contribution. This must be the end days.

    https://taxprof.typepad.com/taxprof_blog/2023/06/contributions-to-nonprofit-nil-collectives-are-not-deductible-charitable-gifts.html

    IRS: Contributions To Nonprofit 'Name, Image And Likeness' Collectives Are Not Deductible Charitable Gifts
     
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  2. Whisky

    Whisky Three Time F1 World Champ
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    #2 Whisky, Jun 15, 2023
    I've been saying this for 2 years:

    Let's see what happens when these clowns that naver make it to the Pros
    get audited for not filing their taxes.

    Anymore, I just don't care if anyone is paid, but what bothers me is the
    morons that change schools every year, they should be allowed to transfer
    ONLY if the coach that recruited them is no longer there.
     
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  3. Texas Forever

    Texas Forever Eight Time F1 World Champ
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    #3 Texas Forever, Jun 15, 2023
    Apparently Texas A&M has raised jillions to buy, ah, I mean recruit players. I guess the poor Aggies have decided to double down on Jimbo.

    Ironically, Alabama has refused to play the NIT game


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  4. Whisky

    Whisky Three Time F1 World Champ
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    #4 Whisky, Jun 16, 2023
    Almost EVERY school has raised multi-millions, Nebraska sucks, but we are 10th on the 'money list'.

    And don't kid yourself - Alabama has been playing the money game for 50 years - just like
    most 'big' schools, and they are playing the NIL game - you just don't hear about it... much...

    https://bleacherreport.com/articles/10036239-nick-saban-says-25-alabama-players-made-3m-on-nil-contracts-last-season
     
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  5. Texas Forever

    Texas Forever Eight Time F1 World Champ
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    #5 Texas Forever, Jun 16, 2023
    Don't forget what started this thread. Apparently, alumini have been donating money to this NIT bs and claiming a charitable contribution.
     
  6. Whisky

    Whisky Three Time F1 World Champ
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    #6 Whisky, Jun 17, 2023
    Then they didn't do their homework....

    Like EVERY other 'charity' - if it's 501-C it is, if not then it's not. Easy Peasy.
     
  7. Texas Forever

    Texas Forever Eight Time F1 World Champ
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    #7 Texas Forever, Jun 17, 2023
    Apparently, donors were lead to believe these NIT organizations were 501(c)(3).
     
  8. Whisky

    Whisky Three Time F1 World Champ
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    #8 Whisky, Jun 17, 2023
    That's on them for being stupid.
     
  9. Texas Forever

    Texas Forever Eight Time F1 World Champ
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    #9 Texas Forever, Jun 17, 2023
    Or greedy.
     
  10. TheBigEasy

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    #10 TheBigEasy, Jun 19, 2023
    Agree.. scholarship tied to the coach like a contract.. if they want to transfer, the coach can trade with the other coach for equal player assets, just like in real sports
     
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  11. Whisky

    Whisky Three Time F1 World Champ
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    #11 Whisky, Jun 20, 2023
    That makes no sense.
    What if nobody wants to leave the school the 'NIL Guy' is coming to?
    Say you just graduated 4 guys, you have 4 open slots...

    Aside from my reply above, I think someone from The Dan Patrick Show must be reading posts here,
    because one of the guys suggested exactly what you did yesterday - trading players between schools.
     

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