taxprofblog.aals.org
Don't know where to post this, so will stick it here. Absolutely hilarious.
Lane Kiffin’s Use of ChatGPT for Legal Advice Nearly Got LSU Kicked Out of the SEC
![]()
Lane Kiffin's Use of ChatGPT for Legal Advice Nearly Got LSU Kicked Out of the SEC • TaxProf Blog
ESPN, Inside the SEC’s Tangled Legal Battle With LSU and Lane Kiffin: As LSU and the SEC found themselves locked in an unprecedented game of legal chicken over coach Lane Kiffin’s plan to roster two former NFL players this season, Kiffin routinely reached out to his friend, attorney Tom Mars...taxprofblog.aals.org
Probably the most SEC headline out thereDon't know where to post this, so will stick it here. Absolutely hilarious.
Lane Kiffin’s Use of ChatGPT for Legal Advice Nearly Got LSU Kicked Out of the SEC
![]()
Lane Kiffin's Use of ChatGPT for Legal Advice Nearly Got LSU Kicked Out of the SEC • TaxProf Blog
ESPN, Inside the SEC’s Tangled Legal Battle With LSU and Lane Kiffin: As LSU and the SEC found themselves locked in an unprecedented game of legal chicken over coach Lane Kiffin’s plan to roster two former NFL players this season, Kiffin routinely reached out to his friend, attorney Tom Mars...taxprofblog.aals.org
It's a good attempt to point out the hypocrisy.
Agree 100% except that I don’t think there’s any world in which it passes — in this format, its earlier format or any other. And in the rare instance that it does pass, the court cases will come fast and furious with its constitutionality questioned immediately.It's a good attempt to point out the hypocrisy.
There's a lot about this bill I don't like but I think the most succinct way to sum it up is that the NCAA did a poor job of managing its enterprise and let the whole thing crumble and the end result is that the same NCAA gets to basically draft a bill giving itself more power than it ever previously had and Congress gets behind it.
It's kinda difficult to predict the knock on effects of this thing if (when) it passes but I am decently confident that we're not going to be celebrating the NCAA's management of this.
Does the bill include a salary cap on school presidents and chancellors? And if it includes private schools, a cap on corporate CEO salaries?
There is no way to enforce any sort of money cap on what college athletes get paid. They got paid by lots of schools before NIL.
The bill is about the blue bloods hating a more level playing field and schools like Indiana (ugh) having a chance to contend. It’s why Saban is schilling for it in ads.
This is the proverbial caught between the rock and a hard place,the past way wasn’t good neither is s the present sustainable and to be honest the future is probably riddled with potholes…..Any cap is a win for the old ways where teams could cheat all they wanted and enforcement is handed out unevenly.
I haven't done much research on this. Shouldn't it be harder to make under the table payments now than it was pre-NIL?Any cap is a win for the old ways where teams could cheat all they wanted and enforcement is handed out unevenly.
There is a parallel with the entire academic universe over the last 30 or so years.It's a good attempt to point out the hypocrisy.
There's a lot about this bill I don't like but I think the most succinct way to sum it up is that the NCAA did a poor job of managing its enterprise and let the whole thing crumble and the end result is that the same NCAA gets to basically draft a bill giving itself more power than it ever previously had and Congress gets behind it.
It's kinda difficult to predict the knock on effects of this thing if (when) it passes but I am decently confident that we're not going to be celebrating the NCAA's management of this.
I haven't done much research on this. Shouldn't it be harder to make under the table payments now than it was pre-NIL?
So with the cap, teams can just go back to paying under the table?There are three revenue streams.
1. NIL - no one knows exactly what's promised or how much is given. It doesn't matter, anyone can spend whatever they want.
2. Revenue Sharing - set at a specific amount, but who is tracking the actual numbers?
3. Untracked - Untracked money is useless in a full free market system. It's already absent any real limits, except what two teams are willing to spend. In any capped system, payment can now exceed an arbitrary number.
Who watches the cap? Who validates the cap for thousands of athletes? Free market means that there is no advantage except the amount of money you can offer, not how well you can skirt rules.
To directly answer your question, it's not easier or harder, it's just unnecessary to pay under the table. You donate that money to a collective or your business pays the player directly. I could pay a player to come shoot hoops with my kids for a couple hours if I wanted. Millionaires can do that at a much higher scale.
100%. I also don't know how you can legally limit the amount of money someone can make due to their name, image, or likeness, unless the players agree to limit it as part of a CBA which is against their interests. The NCAA has lost just about every related case in court so far.So with the cap, teams can just go back to paying under the table?
1) The only way a salary cap in any sport works is if you set the cap at a level the lower (or at least mid) revenue teams can handle. This sets the system up for abuse when there is money available that is not used unless there is some sort of legal authority to police the system ( in other words, if O$U has $50M to spend on players, they will find a way to spend it). So...100%. I also don't know how you can legally limit the amount of money someone can make due to their name, image, or likeness, unless the players agree to limit it as part of a CBA which is against their interests. The NCAA has lost just about every related case in court so far.
I'm sure the revenue sharing replaces NIL to some degree. If you have $49m to work with, I think all but the top 10 schools (mostly football powerhouses) are not really going to hit that ceiling.
Regulation is first and foremost about industry incumbents having substantial market share seeking to impose barriers to entry on prospective competitors. Regulatory capture is the aim.Does the bill include a salary cap on school presidents and chancellors? And if it includes private schools, a cap on corporate CEO salaries?
There is no way to enforce any sort of money cap on what college athletes get paid. They got paid by lots of schools before NIL.
The bill is about the blue bloods hating a more level playing field and schools like Indiana (ugh) having a chance to contend. It’s why Saban is schilling for it in ads.
with a collectively bargained cap , audited financials of the schools sports programs and submission of copies of tax returns of the players would go a long way in minimizing under the table payments . I understand that it won’t stop it all from happening , but it would help .So with the cap, teams can just go back to paying under the table?
Maybe add a mechanism to detect/deter cash under the table? Somehow compare tax returns and net worth, with referrals to the IRS if big discrepancies are found. It sure put Al Capone in a bind.with a collectively bargained cap , audited financials of the schools sports programs and submission of copies of tax returns of the players would go a long way in minimizing under the table payments . I understand that it won’t stop it all from happening , but it would help .
players and their agents / lawyers would be complete fools to not report cash payments on tax returns.Maybe add a mechanism to detect/deter cash under the table? Somehow compare tax returns and net worth, with referrals to the IRS if big discrepancies are found. It sure put Al Capone in a bind.
Circular logic ensures both the SEC teams and the SEC conference itself are highly ranked.