What is the process that recruits/players are paid?

Yea, that's a good one. Seems lawyers could process it in the form of "settlements" as well.

Clemson has a church. LSU used a hospital but got sloppy. All about those taxes man.

College football will be the one to end cash. Politicians want their cut.

quote:

---

If a bunch of dickheads on a message board knew how they paid recruits then the ncaa would be able to figure it out too.

Loose lips sink ships.

---

You really think it's not known?

And I'm not talking about the NCAA. They have no subpoena power. I'm talking about the IRS and the FBI.

quote:

---

Bert Macklin FBI

---

Oh, hello.

Has anyone ever heard of a single college athlete being investigated for tax evasion? Ever?

If the kind of money being thrown around that you hear about is accurate, this surprises me.

Big Booster #1 wants to give Big Athlete #1 $200,000. How does he do it, without causing taxation, money laundering and other issues?

I'm leaning towards these big dollar figures being false, or at least not as widespread as believed.

I do believe for the top 5-15 kids in the nation that if they want to get paid, someone will write a 6 figure check. I mean these huge $ donors, they're investing their $ with expectation of some type of return. Whether we suites, tickets... I dont know. I just believe some kids/parents/fat arse barbers "promise" a commitment for $$. Some kids probably get paid by several schools..and so what, who's gonna snitch on themselves and lose that cash.


Edit. Or as above poster said. Crypto currency. Pretty easy to not trace on the black market/Crypto programs if I remember correctly.

quote:

---

I do believe for the top 5-15 kids in the nation that if they want to get paid, someone will write a 6 figure check

---

OK, but this is not that easy. There are tax implications. You give someone $200,000 and now they have a $50,000+ tax bill due. (And these are often unsophisticated people. This could cause all kinds of problems)

Give it to them in cash? Now you are a party to money laundering. I doubt successful businessmen are interested in putting themselves into a federal criminal conspiracy. (Not to mention all of the other problems large sums of cash cause)

people joke about casino chips but I saw Brandon Harris at the casino pretty much any time I went and every time he would be playing with $500 chips.

quote:

---

It was popular to funnel the money in the form of a “donation” to the local church most recently.

---

this was always popular. Seems to be more common now. Churchs face less regulation as a 503c than other 503c's.

Bjorn is right, no-show jobs were best once upon a time. Still happen, but on small scales. NCAA watches these like a hawk (to the best of their enforcement ability) now. The enforcement is they created a pretty sound paperwork trail for a student athlete (especially if not on a scholarship) with means the money is no longer laundered or hidden. This was Nebraska's famous PWO program mechanism.

A popular method now is 0% interest loans, or forgiven loans, or assumed loans. It has a massive paper trail. And it is highly regulated industry. But, that's the beauty of it- if it is technically legal the NCAA doesn't have a lot of rules directly related to it. The legality hoops to jump through, NCAA related, is that you can't offer anything to a student athlete that a student (only) isn't offered. That is, paraphrasing, one definition of "impermissible benefit".

Again, that's one of the beautiful things about this method. There's so many industry regulations and "metrics" you can offer to just about anybody and find a reason to deny the regular student and not the student-athlete. For example, 5* student athlete is able to get a 0% interest, 3yr. deferred payments, "loan" for a Dodge Charger based on "earnings potential". When he's no longer a student-athlete and has entered the draft the loan is either forgiven, or more likely, defaulted and written off with no collections, or assumed by the agent and paid off.