NCAA Issues/Scandals/Corruption

#51
I'm guessing the best prospects out of HS will be signing agents, and those agents will likely be involved in finding a school for the athletes to attend. I imagine some of these negotiated NIL contracts will be a factor.

Its a big departure from the current state, but I don't see anything wrong with that other than the fact that it's different.
Its almost like the stuff going on behind closed doors, like AA coaches getting paid to speak to players, is just going to be brought to the light. No need for the back alley transaction. Make it official and tax the ish out of it
 
#52
Forgottonia
Its almost like the stuff going on behind closed doors, like AA coaches getting paid to speak to players, is just going to be brought to the light. No need for the back alley transaction. Make it official and tax the ish out of it
So will the endorsement bidders have to pay the handlers to steer the right players to them? I’m only half kidding.
 
#53
When the Illinois version of this law takes form, can we get a rule included that reinstates the Chief? /s
 
#54
So will the endorsement bidders have to pay the handlers to steer the right players to them? I’m only half kidding.
I would just assume that instead of paying Uncle Joe to convince Player to come, they would just up the amount they are willing to pay Player.
10k to player & 5k to Uncle < 15k Player?
 
#55
I would just assume that instead of paying Uncle Joe to convince Player to come, they would just up the amount they are willing to pay Player.
10k to player & 5k to Uncle < 15k Player?
Actually this has me thinking about the tax implications of each individual state. Professional adults I assume look at the state tax laws for prospective teams. I have heard all the time how this is a burden for the Bulls to pull in top end free agents. This can turn out to be very interesting, for accountants anyway. Player A's parents get an official place of residence in a no income tax state, Nike pays the parents instead of Player A? Player B doesn't pick ILL since 15k gets taxed more in ILL than "insert State". If an actor does a commercial, do they have to pay taxes in each state that the commercial is aired, where they shoot the commercial, or the home state of the entity in which they are providing the service? IL creates new tax law to lessen the rate on NIL income... I assume it will add a much bigger dynamic to official visits. There would need to be a marketing presentation provided to Player A to show how much money he could make at the university, possibly a few local companies involved. A whole new world gonna develop
 
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#56
More complexity and government involvement leads to more corruption and more lawyers. Add gambling to the mix and I probably lose interest. The pull of college athletics for me is rooting for your school or your state. If we aren't going to have students playing college sports, might as well create minor leagues like baseball. Duke provides the environment to allow these athletes to become famous. If they play for the Rockford Autoworkers, they won't get much for their NIL.
 
#57
Actually this has me thinking about the tax implications of each individual state. Professional adults I assume look at the state tax laws for prospective teams. I have heard all the time how this is a burden for the Bulls to pull in top end free agents. This can turn out to be very interesting, for accountants anyway. Player A's parents get an official place of residence in a no income tax state, Nike pays the parents instead of Player A? Player B doesn't pick ILL since 15k gets taxed more in ILL than "insert State". If an actor does a commercial, do they have to pay taxes in each state that the commercial is aired, where they shoot the commercial, or the home state of the entity in which they are providing the service? IL creates new tax law to lessen the rate on NIL income... I assume it will add a much bigger dynamic to official visits. There would need to be a marketing presentation provided to Player A to show how much money he could make at the university, possibly a few local companies involved. A whole new world gonna develop
I think tax implications are overstated and an excuse bad professional franchises use when they fail to attract players. Major NBA and NHL free agents have signed recently with franchises in New York, California, and Toronto, all with high tax rates.
 
#58
I think tax implications are overstated and an excuse bad professional franchises use when they fail to attract players. Major NBA and NHL free agents have signed recently with franchises in New York, California, and Toronto, all with high tax rates.
Lets not take a side bar to the post and make it the focal point. I don't really care about the Bulls not landing top end talent. It was a post about dynamics of how this can unfold. To say tax implications are not going to be in the decision for some of these families I believe is naïve.
 
#59
Austin
More complexity and government involvement leads to more corruption and more lawyers. Add gambling to the mix and I probably lose interest. The pull of college athletics for me is rooting for your school or your state. If we aren't going to have students playing college sports, might as well create minor leagues like baseball. Duke provides the environment to allow these athletes to become famous. If they play for the Rockford Autoworkers, they won't get much for their NIL.
There will still be students playing college sports. They will just be able to profit off of their name, image, and likeness like every other student enrolled on their campus.
 
#60
There will still be students playing college sports. They will just be able to profit off of their name, image, and likeness like every other student enrolled on their campus.
How many other students profit off their name and how much? This is a whole different story with unknown results. I am not saying it's wrong. I am just not sure I will be interested.
 
#61
Lets not take a side bar to the post and make it the focal point. I don't really care about the Bulls not landing top end talent. It was a post about dynamics of how this can unfold. To say tax implications are not going to be in the decision for some of these families I believe is naïve.
Sorry, I guess I missed your point. If it's just that they are going to have to pay taxes on any NIL earnings and may need an accountant then I'm in full agreement. I thought you were saying individual state tax rates would play a major role in where kids choose to play.
 
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#62
Iowa City
On 670 this morning, Illinois state rep doing an interview. Trying to push forward a bill that's basically identical to the California law. They hope to vote on it at the end of the month.
 
#63
Michigan
1570716364879.pngI'm all for getting out the [extra] middle men. Players should have agents and not handlers that steer them to agents under the table.

As far as taxes go, I just read an article yesterday that Illinois is the worst state in the country (based on upper-middle class income). Perhaps my favorite illustration is how Illinois makes such good use of the money (map of states by credit rating):
1570716364879.png


Back to bball, I do expect that states with extreme taxation will suffer just as any other business (I think Minnesota has a high combination of income & sales tax, for example). Illinois' income tax isn't that bad, so while overall the state is terribly managed, I wouldn't expect it to hurt recruiting.
 
#65
I think tax implications are overstated and an excuse bad professional franchises use when they fail to attract players. Major NBA and NHL free agents have signed recently with franchises in New York, California, and Toronto, all with high tax rates.
It's fair to say though that Texas and Florida overperform their inherent appeal as markets in attracting free agents.

It's also the case that professional athletes are subject to all sorts of truly ridiculous and unfair taxes at the state and local level both home and away that apply basically only to them. It's really quite insane when you start reading up on "jock taxes".
 
#66
Michigan
Nice to read the story told from the recruits point of view, after the fact, when the NCAA and schools can't touch them. They don't have to mince words about how things went down. I tend to doubt that's the whole truth, but it's still revealing. Rose was such a gifted player --and despite all the things that go on behind the scenes, the story shows how important it is to have a coach who can understand these young men, relate to them, and get them on board with how the program will take care of them and get them to their goals.

You need special players to have a special program. Which reminds me how lucky we are to have Ayo, and the greats that have been with the program (Deron, HRF, Gill, Anderson, and so many others...
 
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