Linked several recent posts concerning NIL to start the threadā¦
So this is where NIL will really start generating a lot of discussion on stories like thisā¦
If you are repping the schoolās local pizza joint while playing a sport, getting paid to model or from residuals on jersey sales, that is one thing, but for someone to overtly (not quietly) recruit using $s with or without the schoolās knowledgeā¦ now that changes the college recruiting paradigm.
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It will be impermissible as the payments cannot be an inducement or pay to play scenario. People can offer it, but the rules donāt allow for it and I have no idea how u enforce it.
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There is a rumor that Texas A&M boosters banded together to fund $25-30M of NIL payments for football (they have 3 of the top 5 recruits and are favored for a 4th). Completely different landscape.
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I feel like the NCAA is going to have punish someone over āinducementā before anyone takes that seriously.
Also, it would hard to prove something was an inducement vs. just a bad marketing decision. Companies waste money on advertising all the time. And since the NCAA doesnāt have subpoena power, unless folks are putting out press releases that they paid money to Player X for the sole purpose of inducing him to come to Big State, there wonāt be much enforcement is my guess.
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HAHAHAHAHAHAHAHAHAHA
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Yeah, I mean thatās why the NCAA basically spends its time punishing things like text messages or GAās practicing with the team. Itās all low level stuff and I think a lot of self-reporting (almost no Self reporting, short of the FBI getting involved).
Iād expect the IRS to be punishing people before the NCAA does. These players are gonna soon learn how much tax gets taken out of āincomeā and are gonna look for loopholes to avoid or just not declare it in future years. Maybe some big IRS investigation will then put pressure on NCAA to clean the mess up.
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Yeah this is the problem right now. The NCAA handed off all policing to schools and conferences. Thereās unequal enforcement. While there are great legitimate NIL opportunities for players, itās typically small potatoes for all but a select few. Itās mostly being used to pay for play. More a football issue for now but is bound to spill over into hoops soon.
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Iām also worried a kid is going get $100k from booster shell company that isnāt withholding, spend it all/give it away to friends and family, then not have anything left when the IRS comes asking for $30k. Maybe heās already injured at that point and NIL booster well has dried up. Hopefully schools have taught kids how this all works.
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I think the chance of this happening is around 100%, unfortunately.
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London Johnson in a Duke uniform, brought to you by Disney and its subsidiaries!
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I guess I donāt understand why this is a concern? Unless you worry about the tax status of every high earning young person? If an 18 year old non-athlete makes a million off of Tik Tok they have to navigate filing taxes too. No reason college athletes canāt figure out how to use turbo tax or hire an accountant like other high income young adults. Certainly not a reason to restrict student athlete earning potential.
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Agree. I donāt see any reason why the number of tax mistakes or cheats would be any worse among that cohort than most other cohorts. If anything, youād think/hope that schools are giving out decent advice on this stuff.
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I have complete trust in the NCAA to handle this fairly and maintain a level playing field.
I also feel bad for the NCAA. No one saw this abuse of NIL coming.
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It is just the beginning of the wild new era of college football - and likely other college sports as well. Transfer portal combined with NIL will make for some crazy scenarios - and the sport(s) that we love will never be quite the same.
I am and old guy that finds change more and more difficult to deal with. Loved the 8 team ACC - but now I donāt even know what the leagueās membership count isā¦
While I have been a life long sports fan - I am beginning to wonder where our societal priorities really are -when I see all the money that is involved in ānon-professionalā (??) sports - from facilities, coaches/administration/ athletes (do we dare call them āstudent athletesā any longer?) and everything that goes along with it - just mind blowing for meā¦
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The biggest change is TV money. When I first graduated and lived in Alexandria (early aughts), I remember driving around randomly trying to get the right AM radio signal just so I could hear Mac McDonald do a bad job of describing what he was seeing. And that was regular season ACC games!
Now, I am put out when I canāt see the Coppin St at the normal time because YES has decided to delay the broadcast.
Thatās what I think is the biggest change in money flowing through the sport.
But is there anyone else who doesnāt want THIS tradeoff? If so, then you go drive around NoVa and try to figure out what Mac is blabbing about! I will be on my couch watching hoops and laughing at these NIL stories, b/c they are kind of amusing.
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You were listening to SportsTalk 980 trying to get a signal too? I was trooping through Alexandria in that same time.
Anyways, youāre right the TV money is crazy, everyone is spending out the a$$ to get content and leagues are making bank and I for one am glad the kids are getting a chance to get a piece.
Yes it may be ugly and some kids are going to screw up. But guess what? Thatās happening anyways. Also if Lincoln Riley and Brian Kelly can jump ship for more money and itās all good, then why canāt Caleb Williams?
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I was just thinking about how much TV revenue money there is today when I was reading about the new USFL coming this summer. A second tier football leagueā¦ which none have been successfulā¦ since the NFL/AFL mergerā¦ already has a TV deal where ALL 43 games will be broadcast across FOX & NBC family channelsā¦ plus streaming! This is a league that will eventually fail, yet will have EVERY game broadcast.
I remember being in Spain for the summers growing up trying to follow the Phillies and possibly finding a newspaper that had the score from 4 days agoā¦ not a box score, just the score, and then Iād have to try and reconstruct the standings in my head from two other scores they gave me.
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