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re: The dodge charger is real...

Posted on 11/22/18 at 5:29 am to
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
18781 posts
Posted on 11/22/18 at 5:29 am to
quote:

TM7 had one too. My guess is that they get loans based on their potential earnings.
yep. And as long as non-athletes have the same opportunity to APPLY for the same loan, it's not impermissible benefits. Then you promptly deny the application. Just have to tip toe around truth in advertising laws. However, there's an easy way around that- don't advertise that particular financing package at all, "direct sales".

ETA: oh, and if you want to play hardball, instead of deferred payments for 99 years, you include a clause that says the dealership can initiate payments, with accelerated interest and principal if the student-athlete leaves the university prior to 4 years. Just a little bit of incentive to keep those 5* longer. Obviously you want to be very judicious in the use of this tactic. Also works fairly well as motivation for those who don't want to put in the work. All it takes is a phone call...
This post was edited on 11/22/18 at 5:38 am
Posted by Howyouluhdat
On Fleek St
Member since Jan 2015
8892 posts
Posted on 11/22/18 at 8:15 am to
Dodge Chargers are not expensive lol
Posted by wfallstiger
Wichita Falls, Texas
Member since Jun 2006
14551 posts
Posted on 11/22/18 at 8:43 am to
Has been going on for decades, and yes, at LSU, too. Was 12 years old, am now 62, when I first saw it happen and it was a Dodge Charger, forest green, hoops in this instance
Posted by Placebeaux
Bobby Fischer Fan Club President
Member since Jun 2008
51852 posts
Posted on 11/22/18 at 8:45 am to
Too bad Pontiac went out of business
Posted by Philippines4LSU
Member since May 2018
8789 posts
Posted on 11/22/18 at 9:18 am to
quote:

Bama must have a handshake with the local dealership.

By handshake I assume you mean elephant walk?

There's a reason Gumps and Aggies are BFFs.
Posted by Philippines4LSU
Member since May 2018
8789 posts
Posted on 11/22/18 at 9:20 am to
quote:

Too bad Pontiac went out of business

After the acronym joke made its rounds the company was pretty much doomed.
Posted by alumni95
Member since Jun 2004
7592 posts
Posted on 11/22/18 at 12:07 pm to
quote:

College athletes gets stipends for every semester they are on scholarship. Enough to afford the note on a car in that price range.


Yes, this is the correct answer.

Yet some stipends are MUCH bigger than others. Last time I saw the SEC comparison, LSU was in the bottom of that group.
Posted by alumni95
Member since Jun 2004
7592 posts
Posted on 11/22/18 at 12:08 pm to
quote:

LSU players get "stuff"too

Bama just pays better


This is the most concise answer.
This post was edited on 11/22/18 at 12:29 pm
Posted by Palm Beach Tiger
Orlando, Florida
Member since Jan 2007
30061 posts
Posted on 11/22/18 at 12:17 pm to
I’ll say it again. Whatever Bama is doing with those chargers is obviously ok with the ncaa. LSU and the fanbase need to do the exact same thing with an even better vehicle and quit worrying about what Bama is doing.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
464301 posts
Posted on 11/22/18 at 1:53 pm to
quote:

Brandon Bass had a hummer when he was on campus...

no. he had one of those Mercedes SUVs
Posted by boxcar willie
kenner
Member since Mar 2011
16104 posts
Posted on 11/22/18 at 2:46 pm to
The stipend is computed by each universitys finance dept based on the cost of living in that area. Somehow the cost of living in alabama is higher by far than anywhere else in the country. Who would have known?
This post was edited on 11/22/18 at 2:47 pm
Posted by redwingtiger
Shreve
Member since Feb 2011
2201 posts
Posted on 11/22/18 at 2:49 pm to
I saw a few LSU players on campus driving around in chargers when I was in school seven years ago. Don’t act like we’re all clean on the recruiting trail.
Posted by burke985
UGANDA
Member since Aug 2011
28093 posts
Posted on 11/22/18 at 3:26 pm to
I'd want something better than a dodge
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
18781 posts
Posted on 11/22/18 at 3:59 pm to
quote:

Yet some stipends are MUCH bigger than others. Last time I saw the SEC comparison, LSU was in the bottom of that group.
Correct, I'm pretty sure we're in the lower third, or close to it. There's a list published every year by the Dept of Ed. In the context of using stipend for recruiting, Bama is not at the top. So the stipend doesn't explain it all.
quote:

The stipend is computed by each universitys finance dept based on the cost of living in that area. Somehow the cost of living in alabama is higher by far than anywhere else in the country. Who would have known?
This isn't correct. The "cost of education" is reported by the school, for the whole school (not just athletes), to the DOE. It can be pretty much whatever they want it to be. Most schools (probably all) are reluctant to inflate it because that is one thing looked at by potential students, especially OOS, and they want to keep enrollment numbers up.

It CAN be inflated by several means, including pulling numbers out of thin air. An example of "reasonable" means is to include the cost of intramural facilities as "gym membership" and then you can grossly exaggerate it, use local market value, or not include it at all.

My main point being that number the stipend is based off of is generated by the school itself, and it has huge financial implications outside athletics.
Posted by xGeauxLSUx
United States of Atrophy
Member since Oct 2008
22446 posts
Posted on 11/22/18 at 4:15 pm to
2016 bro
Posted by crazyLSUstudent
391 miles away from Tiger Stadium
Member since Mar 2012
6016 posts
Posted on 11/22/18 at 6:26 pm to
Fournette had a BMW before he was drafted
This post was edited on 11/23/18 at 8:48 am
Posted by UliKunkel
Member since Oct 2018
30 posts
Posted on 11/22/18 at 7:48 pm to
Ironically enough I used to work for a finance company in the Birmingham Alabama area and we did the financing for a Dodge Charger for a former Bama player (that is still in the NFL and the car is one of the ones often pictured when these allegations float around). I can only attest to this one instance in regards to Bama players, but the car was in his dads name and they were habitually past due. It was a collection issue and we had to send certified letters on multiple occasions to threaten repossession and then his dad would visit our office with a sad story and make the payment(s) - but it was always like pulling teeth. As soon as said player signed with an agent, the car was paid in full (a few months prior to the draft).

I’ve also worked at locations in LA, and MS, and have numerous other stories but they involve LSU, Miss St, Ole Miss, and USM players... And sometimes their baby mommas.

Posted by boxcar willie
kenner
Member since Mar 2011
16104 posts
Posted on 11/22/18 at 9:17 pm to
quote:

Correct, I'm pretty sure we're in the lower third, or close to it.
true
quote:

In the context of using stipend for recruiting, Bama is not at the top.
The stipend that Bama players get is at the top. Even higher than really expensive place like schools in California or the Northeast coast.
quote:

This isn't correct. The "cost of education" is reported by the school, for the whole school (not just athletes), to the DOE. It can be pretty much whatever they want it to be.
It includes the cost of transportation, Laundry, Food, Rent, etc.
quote:

Most schools (probably all) are reluctant to inflate it because that is one thing looked at by potential students, especially OOS, and they want to keep enrollment numbers up.
Bama doesn't seem worried at all about inflating those numbers and it works out pretty good for their players as now they get paid more above the table as well as below the table than football players at any other school
quote:

My main point being that number the stipend is based off of is generated by the school itself,
this is just another area we have to step it up if we want to be competitive in recruiting. To a young recruit who grew up poor their is a big difference in $2800 per semester vs close to $5000 per semester and this is before other above the table pay such as summer jobs(where Bama players are also paid ridiculous amounts per hour to do nothing) and doesn't include all the below the table pay and benefits such as housing and jobs for relatives and vehicles at far below market pricing (marked down to almost nothing due to alledged issues with the vehicle). They are all in on the game.
Posted by Da Joker
Member since Jan 2017
334 posts
Posted on 11/22/18 at 9:36 pm to
quote:

and this is before other above the table pay such as summer jobs(where Bama players are also paid ridiculous amounts per hour to do nothing) and doesn't include all the below the table pay and benefits such as housing and jobs for relatives and vehicles at far below market pricing (marked down to almost nothing due to alledged issues with the vehicle). They are all in on the game


Bro, if you think this doesn't happen at LSU and damn near every major university, then you are naive as frick.
Posted by boxcar willie
kenner
Member since Mar 2011
16104 posts
Posted on 11/22/18 at 10:36 pm to
quote:

Bro, if you think this doesn't happen at LSU and damn near every major university, then you are naive as frick.


they are just more blatant and do it in larger amounts. Do you think anyone else could get away with the ridiculous stipend amount their players get paid. It is supposed to be base off of additional costs to education at that school (fast food, laundry, rent and other expenses a student might have) in that area. So it costs way more out of pocket for a student going to Bama in Tuscalousa then one living in BR going to LSU or Los Angeles going to UCLA or Boston going to Boston U?
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