Hunter D.

[ShonnDeereGreene]

Unregulated NIL is becoming so fuggn stupid. If you want to get paid to play (beyond scholarship or your own branding), go try your luck as a pro.

This whole “woah is me” BS for these players is ridiculous. Salary cap this shite now or it’s going to get completely out of hand.

 

[Franisdaman]

Definitely pay for play, but I dont agree with the last half. Professionals (NBA players) have contracts and face repercussions if they break their contract early.

College athletes face zero repercussion if they pack up and leave halfway through the season.

These aren't employees. These aren't college athletes. These are hired guns

I think they are starting to look like employees, because they are job hunting for the best compensation package available.

And you know what? Congress should authorize the IRS to tax the value of free OUT OF STATE tuition, free housing, free food, free personal training, etc.

This is what the college athletes wanted. They wanted paid. Well, they're gonna start paying some damn taxes on the value of their entire compensation package, then.

 

[HoustonREDHawk]

I think they are starting to look like employees, because they are job hunting for the best compensation package available.

And you know what? Congress should authorize the IRS to tax the value of free OUT OF STATE tuition, free housing, free food, free personal training, etc.

This is what the college athletes wanted. They wanted paid. Well, they're gonna start paying some damn taxes on the value of their entire compensation package, then.

Only problem with this is that the athletes getting minimal NIL will be the ones suffering proportionately more.

 

[kceasthawk]

Garza is also from a private school in DC--I think you're stereotyping DC in same way you don't want them to stereotype Iowa.

They were actually in the same AAU program I believe, all though only for a year together.....

 

[kceasthawk]

Only problem with this is that the athletes getting minimal NIL will be the ones suffering proportionately more.

Then they should talk to their buddies making all the scratch. This is what they wanted after all, so they need to pay their share back as well......

 

[Franisdaman]

Only problem with this is that the athletes getting minimal NIL will be the ones suffering proportionately more.

hopefully they won't have to take out any student loans in order to pay their taxes LOL

 

[ISUBryce]

I think they are starting to look like employees, because they are job hunting for the best compensation package available.

And you know what? Congress should authorize the IRS to tax the value of free OUT OF STATE tuition, free housing, free food, free personal training, etc.

This is what the college athletes wanted. They wanted paid. Well, they're gonna start paying some damn taxes on the value of their entire compensation package, then.

Every employee earns a lot of untaxed compensation. I don’t want congress getting any ideas.

 

[HoustonREDHawk]

Then they should talk to their buddies making all the scratch. This is what they wanted after all, so they need to pay their share back as well......

JBo and a few others were crying about not being compensated appropriately for all the $$$$$$$$ universities were making on FB and BB. They were right, but now it is out of control. Many athletes were satisfied with playing college ball and getting an education, and now you want to punish them? Taxes should be paid on NIL and endorsement revenue, probably not on the education and training table.

 

[The Deplorable Sleeping Dog]

I'm not tax lawyer but could NIL not be taxable?

 

[CookyMonster]

I thought Dickinson and the McCaffery boys were friends. He would flourish in Fran's system. C'mon Swarm...We just need one of these game changers to make a big difference.

Lol we had Luka Garza

 

[Hawk_4shur]

I'm not tax lawyer but could NIL not be taxable?

Retired CPA here. No, I don't think so. It's gonna be taxable.

 

[Rifler]

NIL is taxable...

 

[littlez]

I find it funny that when we land a guy like Cade or the new receiver from Ohio St it's all good but when Dickinson goes to KU NIL is the devil and the whole system needs to be replaced. KU was the obvious place for him to go from day 1, especially w/Self's history of big men. Who knows what was offered? Who cares, honestly? Are we asking what Cade got? I don't care.

 

[ChiPackHawk]

Every employee earns a lot of untaxed compensation. I don’t want congress getting any ideas.

Define "a lot" and define "what"

 

[HoustonREDHawk]

I find it funny that when we land a guy like Cade or the new receiver from Ohio St it's all good but when Dickinson goes to KU NIL is the devil and the whole system needs to be replaced. KU was the obvious place for him to go from day 1, especially w/Self's history of big men. Who knows what was offered? Who cares, honestly? Are we asking what Cade got? I don't care.

This year, FB seems to be very effectively attracting top players to fill holes. So far, BB has not been very successful, although Krikke is a good pick up. Not sure how NIL plays into this.

 

[ISUBryce]

Define "a lot" and define "what"

Many forms of health insurance primarily.

Most decently sized company will give you a total compensation profile. Usually the number is much larger than your salary.

 

[ChiPackHawk]

Many forms of health insurance primarily.

Most decently sized company will give you a total compensation profile. Usually the number is much larger than your salary.

That is true about health insurance - but benefits such as a car are taxable. Many other things (perks) that could be included with the NIL package are very much subject to tax

 

[Franisdaman]

I'm not tax lawyer but could NIL not be taxable?

Retired CPA here. No, I don't think so. It's gonna be taxable.

NIL is taxable...

Do you guys remember back in 2015 when the National Labor Relations Board spent 16 months considering the question of whether football players on athletic scholarships at Northwestern were employees under the National Labor Relations Act? The NLRB dismissed the Northwestern players’ petition, ruling that Northwestern football players were not employees under federal labor law and could not unionize.

I wonder, now 8 years later, if things will change.

As of right now, the value of the full ride scholarship is not taxable; the NIL deals are taxable.

 

[littlez]

Not sure why we're making a big deal of this. It's a separate item from their scholarship so if a kid's getting 500k or whatever, he should be able to afford the taxes on that money. It's not like they have any expenses.

 

[Hawk_4shur]

Do you guys remember back in 2015 when the National Labor Relations Board spent 16 months considering the question of whether football players on athletic scholarships at Northwestern were employees under the National Labor Relations Act? The NLRB dismissed the Northwestern players’ petition, ruling that Northwestern football players were not employees under federal labor law and could not unionize.

I wonder, now 8 years later, if things will change.

As of right now, the value of the full ride scholarship is not taxable; the NIL deals are taxable.

I remember it. And, Iowa's own Chuck Grassley has been banging the drum of athletics depts losing their tax-exempt status for years.

One thing is certain - things will change. And I doubt those things will be good for college football or Iowa.

 

[Franisdaman]

I remember it. And, Iowa's own Chuck Grassley has been banging the drum of athletics depts losing their tax-exempt status for years.

One thing is certain - things will change. And I doubt those things will be good for college football or Iowa.

So, back in 2015, Northwestern football players wanted to be considered employees so that they could unionize. Correct me if I am wrong, but if they had been ruled employees, they would have had to pay federal taxes on the value of their full ride scholarship. Imagine what that tax bill would have been.

 

[Hawk_4shur]

So, back in 2015, Northwestern football players wanted to be considered employees so that they could unionize. Correct me if I am wrong, but if they had been ruled employees, they would have had to pay federal taxes on the value of their full ride scholarship. Imagine what that tax bill would have been.

Scholarship, room, food - all taxable and subject to social security and Medicare taxes. And it would clear the path to kill the athletic dept tax exempt status.

 

[HawkRugged17]

It's a show ...

 

[RocknRollface]

Unregulated NIL is becoming so fuggn stupid. If you want to get paid to play (beyond scholarship or your own branding), go try your luck as a pro.

This whole “woah is me” BS for these players is ridiculous. Salary cap this shite now or it’s going to get completely out of hand.

Thats why it was always against the rules because this was always the inevitable outcome and there is no way to put rules on it.

 

[HoustonREDHawk]

It's a show ...

View embedded media

Hunter is a legend in his own mind.

 

[The Deplorable Sleeping Dog]

Thats why it was always against the rules because this was always the inevitable outcome and there is no way to put rules on it.

It could be easily fixed. The problem is the people that can fix it aren't willing to do so. I could name four rules that would solve the problems.

1. End the portal and have very limited exceptions to the mandatory RS year.

2. Limit medical redshirts to like 4 games in football and 10 in basketball. Figure out the same ratio for the other sports. No med redshirts if you go over the limit.

3. Require schools to choose NIL participation or not. If they choose NIL participation, they cannot play any schools that don't. The networks would be forced to choose to support the status quo ante or they could see how the audience looked when you've only got 30 teams to broadcast. Since most American media is working hard at dissolving in post modern internet based mediums they'll opt for the slow death.

4. Or, a kid has to assign NIL rights to the school in exchange for the schollie. This would require the CPAs and actuaries to work out some form of compensation for the NIL. NIL is just a property right and subject to assignment.

 

[Franisdaman]

I think they are starting to look like employees, because they are job hunting for the best compensation package available.

And you know what? Congress should authorize the IRS to tax the value of free OUT OF STATE tuition, free housing, free food, free personal training, etc.

This is what the college athletes wanted. They wanted paid. Well, they're gonna start paying some damn taxes on the value of their entire compensation package, then.

 

[amahawk]

I think they are starting to look like employees, because they are job hunting for the best compensation package available.

And you know what? Congress should authorize the IRS to tax the value of free OUT OF STATE tuition, free housing, free food, free personal training, etc.

This is what the college athletes wanted. They wanted paid. Well, they're gonna start paying some damn taxes on the value of their entire compensation package, then.

But whose employees? The school or rhe N.I.L. people? If they are school employees, the athletic departments should lose their tax exempt status.

 

[The Deplorable Sleeping Dog]

View embedded media

This is predictable and catastrophic. In addition to opening the door for more taxation it bring college athletics under labor regulations. That means a player's union, and federal regulators looking into every DEI and woke complaint that disgruntled players make.

This country is literally killing every golden goose it can. Perhaps no country has caused its own decline since the French Revolution.

 

[RocknRollface]

It could be easily fixed. The problem is the people that can fix it aren't willing to do so. I could name four rules that would solve the problems.

1. End the portal and have very limited exceptions to the mandatory RS year.

2. Limit medical redshirts to like 4 games in football and 10 in basketball. Figure out the same ratio for the other sports. No med redshirts if you go over the limit.

3. Require schools to choose NIL participation or not. If they choose NIL participation, they cannot play any schools that don't. The networks would be forced to choose to support the status quo ante or they could see how the audience looked when you've only got 30 teams to broadcast. Since most American media is working hard at dissolving in post modern internet based mediums they'll opt for the slow death.

4. Or, a kid has to assign NIL rights to the school in exchange for the schollie. This would require the CPAs and actuaries to work out some form of compensation for the NIL. NIL is just a property right and subject to assignment.

Supreme Court said ncaa can't stop players from making money on their name, I assume that applies to the schools as well.

I just don't see anyone signing up to make special scholarship requirements in regards to abstaining from nil.

What needs to happen is scrapping the ncaa and starting over but that won't happen until the schools are financially motivated enough.

 

[WestCoastHawkI]

Then they should talk to their buddies making all the scratch. This is what they wanted after all, so they need to pay their share back as well......

I hope these kids are smart enough to withhold some of their earnings from NIL for taxes. I remember my taxes after my first year selling a lot of RSUs and yikes.

 

[ISUBryce]

That is true about health insurance - but benefits such as a car are taxable. Many other things (perks) that could be included with the NIL package are very much subject to tax

Two things are not taxable though - health care and tuition reimbursement stuff. I'm sure the legal teams for these schools would figure out ways to make scholarships fall under these things and make them non taxable.