"Significant news out today from the US Dept. of Education on Title IX....."

[CRazzle]

Source

"Significant news out today from the US Dept. of Ed, which classifies future revenue distributions from a school to an athlete for his/her NIL rights as “financial assistance,” which “must be made proportionately available to male and female athletes” or risk violating Title IX....The Department of Education goes hard, even targeting NIL compensation from some third parties, specifically those affiliated with boosters."The fact that funds are provided by a private source does not relieve a school of its responsibility" for Title IX compliance."

 

[ClarindaA's]

Source

"Significant news out today from the US Dept. of Ed, which classifies future revenue distributions from a school to an athlete for his/her NIL rights as “financial assistance,” which “must be made proportionately available to male and female athletes” or risk violating Title IX....The Department of Education goes hard, even targeting NIL compensation from some third parties, specifically those affiliated with boosters."The fact that funds are provided by a private source does not relieve a school of its responsibility" for Title IX compliance."

That’s ghey. We all know what sports have financial value. **** this shit

 

[Fan In Black]

as long it covers education costs this is a nothing burger IMO.

 

[hawkjt]

They won't quit til all non- revenue sports are gone.

 

[Bank of Hawk]

It will stop some NIL donations cause if it has to be split evenly with the 4th string womens gymnast , no one will be donating to NIL

 

[peacehawk]

Kill the SWARM

 

[ClarindaA's]

If it’s dollars from donors to athletes, we should get some say as to which sport the money goes to.

 

[onlyTheObvious]

it should not be tax deductible, if it even is now.

 

[hawkjt]

Maybe this hardcore conservative SCOTUS should be invited to weigh in on title 9?

I know, they are free market zealots, hence there position on NCAA restrictions but doesn't title 9 restrict earnings for revenue generators(FB players) also?

I dislike this court but maybe we could get some benefit from their efforts to take this country back to the 1950s?

 

[hexumhawk]

We have to go back

 

[onlyTheObvious]

About 808 athletes at Iowa. If everything has to be equal a $1000 gives each athlete $1.23

 

[Heathen Raider]

That Dept of Education is going into the dumpster in 4 Days and the Adults will be back in charge . F%%% em. Giving equal say to a net loss endeavor as opposed to the endeavors that generate the income for all to survive is Communist in every way, If a Sport Mens or Women's cannot self sustain without being a tapeworm on others it should be killed in the cradle. You rise by merit and deeds in America , Country lost it's way when the government inserted itself into being babysitters and wards for the useless.

 

[Metuo Accipiter]

Kill the SWARM

This news isn't about the SWARM. This is about Athletic Departments and the plan to revenue share with athletes.

 

[toddhawkwi]

it should not be tax deductible, if it even is now.

I guess my question is exactly that. How can ANY of this money at most institutions be tax deductible? People won't just hand millions to athletics with no personal return. I understand the SWARM is set up so that the moneys donated are clearly tax deductible and the students are providing value beyond just "pay for play". But at most schools (hint - the entire SEC), all I see is 100% pay for play. Can ANYONE explain how ANY of this is tax deductible? I always felt NIL would grind to a halt when it was quickly ruled that these NIL contributions meet NO criteria for tax deductibility (which they don't). But that hasn't happened. Just wondering where all this sits.

 

[DEMGR]

So the SEC will be back in the lead of the $$$$ under-the-table game????

 

[Bank of Hawk]

I guess my question is exactly that. How can ANY of this money at most institutions be tax deductible? People won't just hand millions to athletics with no personal return. I understand the SWARM is set up so that the moneys donated are clearly tax deductible and the students are providing value beyond just "pay for play". But at most schools (hint - the entire SEC), all I see is 100% pay for play. Can ANYONE explain how ANY of this is tax deductible? I always felt NIL would grind to a halt when it was quickly ruled that these NIL contributions meet NO criteria for tax deductibility (which they don't). But that hasn't happened. Just wondering where all this sits.

I believe the gist of the tax deduction is that the athletes have to perform some community service to get paid through the NIL.

However having it be tax exempt, brings greater scrutiny from the feds.

 

[Thunderlips71]

Does this mean Akrum Wadley will finally get his?

 

[Bank of Hawk]

Does this mean Akrum Wadley will finally get his?

He fooled me out of $80 .. I said to myself at the time if he was really that hard up he should just ask for Hawkeye fans to help him out, straight up… I would have thrown him a few dollars because he did give me good memories of Hawkeye football.

 

[cm8124]

Bump

 

[SI_NYC]

That Dept of Education is going into the dumpster in 4 Days and the Adults will be back in charge . F%%% em. Giving equal say to a net loss endeavor as opposed to the endeavors that generate the income for all to survive is Communist in every way, If a Sport Mens or Women's cannot self sustain without being a tapeworm on others it should be killed in the cradle. You rise by merit and deeds in America , Country lost it's way when the government inserted itself into being babysitters and wards for the useless.

There are no adults in the incoming admin. Only grifters.

 

[Sett1997]

There are no adults in the incoming admin. Only grifters.

 

[Rose bowl or bust]

I believe the gist of the tax deduction is that the athletes have to perform some community service to get paid through the NIL.

However having it be tax exempt, brings greater scrutiny from the feds.

Doing "community service to get paid" used to be called a job. That should be taxable.