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Started By
Message
2
Posted on 1/31/14 at 8:09 am to catfish 62
quote:
The question is, how does he keep himself from getting in trouble with benefits he will receive from the merchandise ? Set up Buga Nation LLC and have it operate as an S Corp with earnings flow through his parents tax return?
Student athletes can't start businesses?
Do we know his family started it?
Posted on 1/31/14 at 8:09 am to sandman28
I don't remember the hi eh badger shirts ever stopping as far as private citizens selling them. LSU couldn't make money off of the honey badger deal.
Posted on 1/31/14 at 8:28 am to tiger4178
quote:
How is BUGA an abstraction?
if anything it's beyond abstraction at this point, particularly with others using the gesture and the term, hence the "nation" part. But, yes, in it's raw form it is an abstraction.
Posted on 1/31/14 at 8:51 am to ForeLSU
That would be classic to land the #1 and get sacked by the NCAA for selling t shirts with Buga's on them....LOL
Posted on 1/31/14 at 8:59 am to sandman28
quote:LSU was trying to sell Honey Badger shirts. That was illegal
Please correct me if I'm wrong but didn't the NCAA have something to do with stopping the honey badger shirts? This sound like a similar situation.
Posted on 1/31/14 at 9:18 am to mylsuhat
Not wanting to look through all the arguing, but have they set up a PayPal yet?
Posted on 1/31/14 at 9:18 am to mylsuhat
I can see the NCAA not being cool with this
Posted on 1/31/14 at 10:03 am to GeauxAggie972
quote:
Not wanting to look through all the arguing, but have they set up a PayPal yet?
No paypal yet
Posted on 1/31/14 at 10:04 am to tygeray
Mark emmert isn't going to do anything
people need to stop freaking out
people need to stop freaking out
Posted on 1/31/14 at 10:04 am to cas4t
quote:
I can see the NCAA not being cool with this
Nothing against the rules
Posted on 1/31/14 at 10:06 am to catfish 62
quote:
No paypal yet
I mean honestly, how long can this take?
Posted on 1/31/14 at 10:10 am to lsu2006
Not long at all. Orders would be flying in with pay pal
Posted on 1/31/14 at 10:11 am to TheDoc
quote:
Orders would be flying in with pay pal
I would have absolutely purchased a shirt by now.
Posted on 1/31/14 at 10:53 am to catfish 62
I hope they hired an attorney and read the NCAA rule book.
Posted on 1/31/14 at 10:57 am to lsu2006
quote:
I would have absolutely purchased a shirt by now.
My purple & gold one would already be in the mail
Posted on 1/31/14 at 11:17 am to GeauxAggie972
You can always call his mom and order via phone. Haha
Posted on 1/31/14 at 11:20 am to dante
quote:
I hope they hired an attorney and read the NCAA rule book.
Have you?
Posted on 1/31/14 at 1:35 pm to TheDoc
One thing to keep in mind is that he is not currently a student athlete under NCAA regulation. I'm not an attorney but work in a industry that is highly regulated and many compliance issues are based on when it started in order to determine if its a violation. I find it no coincidence that this happened before NSD. NCAA can't regulate a business his parents chose to start before he became a student athlete. He is receiving no illegal benefits from the school or anyone. It's no different than his parents owning a meat market and putting GEAUX Tigers in the window and LSU fans buying more from them bc of it. If they did this after NSD then the NCAA might try and make a claim but I think it would be very difficult. As long as this business continues to operate in its simplest form as a we produce a product that people buy I don't think anything will come of it.
Posted on 1/31/14 at 1:39 pm to tigereye58
quote:
NCAA can't regulate a business his parents chose to start before he became a student athlete.
They won't regulate the business, but there are rules against what an athlete and his "family" can receive money for. One of the things they are prohibited from doing is making money off the student-athlete's likeness. The Johnny Manziel thing is a great example. They are allowed to trademark "Johnny Football" and had to spend large amounts of money protecting the trademark, but Johnny nor his family could make a profit on the name and still maintain his amateur status (the autograph thing clearly is a whole different issue).
There have been a string of twitter endorsement deals for high school recruits, so I believe there is some gray area before the kid becomes a student athlete.
This post was edited on 1/31/14 at 1:41 pm
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