And, as I have argued before, just what do all these transfers, exorbitant money over the table following back room deals, bidding wars for 18-year-old kids, and players coming to schools with bags packed ready to move to a higher bidder, have to do with universities providing quality education to students? If college sports were just beginning today with the mess particularly football and basketball are becoming, why in the world would any university seek to jump in the middle of this morass as part of their educational mission? And the question becomes, will universities rethink their commitment to a sports system that looks more and more like sponsoring professional athletic teams?
$400,000 / Year + a Car
- Thread starter Franisdaman
- Start date
Good questions - will the lease and insurance be in his name? Or, it the dealers name that is putting up the car? I sure wouldn't want to own any car that a 20 year old kid is driving.
do you know what Purdue was offering? This is just crazy stuff.
Not at all.
“Under the five-year deal, Rocket will be the presenting sponsor of the men’s basketball team, which will be known as the “MSU Spartans Presented by Rocket Mortgage.””
The answer of course is NO this is not how NIL wa supposed to work. Of course with the governing body being the TOTALLY inept NCAA, this was so predictable. The real question is at SOME point will the Presidents and those who are SUPPOSED to be in charge of the member institutions do something about this or just stand by with their thumbs in a dark place while the golden goose is slaughtered. Wait until they lose their tax exempt status because these "student" athletes are employees. I hope all these players are getting good tax advise as well..
If any one doesn't already realize this, just drive through any major downtown. Most of the biggest high rises are banks and insurance companies.
No doubt and whats his tax liability. Also does the school lose their tax exempt status since these guys are now employee's? I mean "technically" the schools aren't paying the kids, but with the way their tying the recruitment to the "NIL" does this not make the school an agent of the company? It will also be interesting to see just how these companies will use, (if they actually even bother) to use these players to market their business, since they are SUPPOSEDLY being paid for their NIL. Is someone actually going to be monitering that for all these players?
will college sports need a salary / NIL cap to keep it competitive?
i wonder what returning Miami players think of this; will they be getting something as well? team chemistry could go to shit.
what a freakin mess.
i have said this before. Minnesota could be a sleeping giant with all the Fortune 500 companies and wealthy alumni.
Some examples of companies based in Minneapolis/St Paul:
General Mills
US Bank
Target
3M
UnitedHealthCare
Best Buy
And then you have the 4 pro sports teams (Vikings, Twins, Wild, Wolves) that could throw money around.
more questions and headaches than answers.
the kid, in this case, is gonna get 1099's, I believe, where no tax is taken out. I hope he knows that!
For sure. Just on the 400K I'd think he'd owe somewhere around 80K in taxes, and thats not even touching the car, which I would imagine is taxable as well......
The money is not coming from the Universities. It is from private donors who supposedly are getting something in return for linking their names with these players. I hope JBo is happy with his T-shirt cash!
You are implying that the NCAA is smart enough to have come up with this plan. They fought it all the way and if they are to have any shred of credibility in the future, they have to step in and try to do something now before this gets completely out of control. Otherwise, just disband and watch amateur athletics go the way of the dinosaurs.
So much talk on here about the NCAA tournament. Will anyone really care about it once it becomes a contest between the schools willing to pay the most for their players? Why not just watch the NBA. At least they have some rules and regulations regarding player acquisition.
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Exactly. Its been said many times that the NCAA is made up of its member institutions. well, where are the University presidents, Chancellors, Boards of regents on all of this, as they watch this swill unfold......
Greatest healthcare system in the world! Hah! Ask the families that have been totally wiped out by an illness and the resultant hospital and doctor expenses. Other countries take care of their population. We take care of our insurance companies.
yeah, regarding the car, the value of whatever he gets (free lease, free insurance on the car, etc) is 100% taxable
what's the typical lease amount for a luxury SUV, for example? $600/month?
Iowa is ahead of the curve on this.. no need to pay players when we have 24 year old glue guys
I did want players to get paid a little something but this is getting way out of line. So this will be the minor leagues for pro good luck with this
I'll be honest--this is the top transfer option according to multiple sites. $400K seems fairly cheap--that's like a high end G league salary. College basketball generates much more revenue than G league teams do. Keep in mind that this isn't even a "collective," this is 1 company paying this money. After taxes and lawyer/agent fees, Page will likely get about $250K for a year. That's a great salary, but Page will generate that for Miami fairly easily--just this past year each tournament win came with a $2 million TV unit that is split amongst the conference. There's an insane amount of money in college athletics and a very good player getting a good G League salary just doesn't really bug me I guess.
And for all the folks that want to make this into a weird political thing, let's remember that all of this came about from a unanimous Supreme Court decision. Do you realize how hard it is to get this current SC to agree on anything? Kavanaugh was the one who even wrote the scathing opinion on amateurism being a myth.
And for all the folks that want to make this into a weird political thing, let's remember that all of this came about from a unanimous Supreme Court decision. Do you realize how hard it is to get this current SC to agree on anything? Kavanaugh was the one who even wrote the scathing opinion on amateurism being a myth.
You weren't smart enough to realize this is exactly what would transpire?
You're either stupid or naive, your choice.
Miami had a good tourney run and has busted out the piggy bank in an attempt to keep the party going! 😮 Who’s mad???
I would go with stupid and naive. Fran is a big ole turd
I see that you are still butt hurt over everyone calling you out as a complete idiot in the Fardaws thread.
In case anyone missed it, here are a few examples of what others think of Bruno:
He's only involved to complain. That is easily 95%+ of his posts.
Ignore the idiot.
I live in South America. My health insurance is $30 a month for myself and wife. I am retired and wife is younger. No deductibles nor co pays. Medicine included for free.
Sometimes there a delay in services and lines. If you want to spend around $100 a month you can get the Cadillac package.
Nah I could care less what the Fran white knights think about me. Or the Fran Fluffers as Bro D would say, which I kind of like. You are still a MASSIVE turd sandwich
This is insane. And it will hurt teams IMO. Can you tell me there’s no animosity with the guards already on that team that Have been playing there a couple years and aren’t getting squat? They’re bitter for sure.
Here’s the thing I don’t disagree having more donors stepping up to contribute will help. However easier said then done when I’m not the one shelling out my $ as I could only wish to be one of those people.
Plus those are the same blue hairs who many on this board complain about at carver are many of those big donors who consistently show up that people want to move their seats to give to our fair weather students.
Spot on . College sports as we know them are toast.
I recommend watching the pros at this point. Middle of the road teams like the Hawks won’t be able to compete for the top recruits. Anyone who develops into a good player will transfer out to where the money is…goodbye college game. Nice knowing you
Drug companies and any company that receives Medicare / Medicare payments should have their ability to advertise seriously limited and regulated.
Here is a possible conversation
'Well I know you had a great season and loved the weather in Miami but we are expanding and opening a branch in Alaska, if you read your NIL contract we are allowed to have you transfer there next year so we can get some star power in the area to open up the state.'
'Well I know you had a great season and loved the weather in Miami but we are expanding and opening a branch in Alaska, if you read your NIL contract we are allowed to have you transfer there next year so we can get some star power in the area to open up the state.'
