They couldâve picked literally any other plaintiff⌠like some guy named âThe Senateâ
LOL This reminds me of something that sports humorist Dave Barend wrote a few years back: âThe Pac-12 commissioner contacted Congress about player compensation issues, hoping for âproductive conversationsâ. Because when you want productivity, what better place to turn than Congress???â
Well Congress does need to get involved at some point to be honestâŚ
Yes, will resist editorializing too much here, but current laws prohibit most of what people tend to think are âcommon sense solutions.â So you need to change the laws to carve things out to get your âcommon sense solutions.â
But then you try to pass laws and some peopleâs ideology tells them âCongress = bad.â
And so we get stuck in bad outcomesâŚ
Congress has to get involved when states start going head to head on matters of both interstate commerce and education (to include education-related civil rights issues like Title IX). At its most basic level, one of Congressâ biggest priorities is creating a fair, level playing field for the states to operate, and in this case that goes double when the states are the âowners/operatorsâ of half of these colleges.
I assume this also involves keeping (or creating) a separate not-for-profit athletics foundation so that UK donors can still take a tax deduction for their gifts.
KY - Burn the building down with yourself in it.
Just saw them at the Jefferson in Câville. Awesome show.
I think that the IRS changed the rules on those gifts years ago but our resident accountants on this site might be able to comment further on that
Gifts that are associated with the right to buy tickets are no longer tax deductible. But, thereâs some gray areas. For example, I finally got around to reading the packet about the JPJ âreseatingâ. For the new seat licenses, 75% of the donation is going to the âstrategic initiativeâ or whatever theyâre calling it, so that will be tax deductible. The other 25% is for the right to purchase the tickets, so thatâs not deductible. UmmâŚI donât see how exactly that would stand up to careful scrutiny from the IRS if anyone bothered to look. If I went to the VAF and told them I only wanted to make the 25% donation that gives me the right to the tickets, they wouldnât let me have them, soâŚ?
But is there anyone left there to do the looking?
So the President was in Alabama to give a speech and Nick Saban had a chance to talk to him about NIL and now there might be an executive order about all this. Which might not clear anything up and only cause more confusion and lawsuits, but it sounds like somethingâs going to be issued. Anyoneâs guess on what itâll cover or what itâll say though.
Wouldnt surprise me at all at this point. And there is no way to have any clue what it would look like or say but it would look much different than what we have seen this portal season
I wouldnât be surprised if all college athletic foundations lost their non-profit status or the charitable deduction was disallowed for all donations to college athletic departments/foundations.
Given the administrationâs current view of many universities, I wouldnât be totally shocked if all contributions to universities were no longer deductible as charitable contributions.
The tax bill writers need to find some revenue raisers to pay for potential desired tax cuts and this might be an easy way to find some money.
Oh, I suspect the for profit LLC structure is more to legally separate and protect the greater university from potential exposure of legal liability from athletics than any tax reason.
Just have Nick Saban and Tony Bennett and Jay Wright get together and write it up and just hand it to Trump to issue it.
Time to dust off a copy of Schoolhouse Rock to refresh on the different branches of government:
A congressional aide told The Athletic that an executive order might not stabilize the college sports system, which requires legal certainty and a limited safe harbor from litigation. Legal protections and the pre-empting of state NIL laws can only be addressed through congressional legislation.
Not sure an executive order is gonna do much against the antitrust suits.
The tariffs on foreign NIL would be amazing hahahah
Maybe heâll put a tariff on imported athletes.