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Tax Reform - College sports implications
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<blockquote data-quote="Ransom Stoddard" data-source="post: 1360641" data-attributes="member: 10336"><p>The way I read the verbiage in the bill, this is specific to compensation from the non-profit. I can't recall seeing a coaching contract that had specifics on $X for wearing Nike/Adidas/whatever, but I've certainly not seen them all.</p><p></p><p>The <a href="https://www.cnbc.com/2017/12/20/tax-reform-smacks-down-excessive-nonprofit-executive-pay-commentary.html" target="_blank">impetus </a>behind this piece of the tax bill was intended to cut down on what some view as extravagant salaries for executives of non-profits, as well as the contradiction of a university athletic department being deemed non-profit, but also part of a multi-billion dollar industry that generates revenue for television, athletic wear, etc.</p><p></p><p>This will take a while to shake out, and there are a lot of different ways schools can go, from divesting the athletic departments into a private, for-profit entity (which has ramifications for Title IX and other things) to sucking up the tax penalty and having to eliminate funding for non-revenue sports,</p></blockquote><p></p>
[QUOTE="Ransom Stoddard, post: 1360641, member: 10336"] The way I read the verbiage in the bill, this is specific to compensation from the non-profit. I can't recall seeing a coaching contract that had specifics on $X for wearing Nike/Adidas/whatever, but I've certainly not seen them all. The [URL="https://www.cnbc.com/2017/12/20/tax-reform-smacks-down-excessive-nonprofit-executive-pay-commentary.html"]impetus [/URL]behind this piece of the tax bill was intended to cut down on what some view as extravagant salaries for executives of non-profits, as well as the contradiction of a university athletic department being deemed non-profit, but also part of a multi-billion dollar industry that generates revenue for television, athletic wear, etc. This will take a while to shake out, and there are a lot of different ways schools can go, from divesting the athletic departments into a private, for-profit entity (which has ramifications for Title IX and other things) to sucking up the tax penalty and having to eliminate funding for non-revenue sports, [/QUOTE]
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Tax Reform - College sports implications
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