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Can someone please let me know how a person could donate to the/a nil collective at lsu?

Posted on 6/3/22 at 10:50 am
Posted by Tigerpride18
Lakewood Colorado
Member since Sep 2017
31066 posts
Posted on 6/3/22 at 10:50 am
Just curious how one goes about donating
Posted by GumboPot
Member since Mar 2009
133665 posts
Posted on 6/3/22 at 10:57 am to
I don't believe a collective has been set up for LSU recruits yet.

Posted by tlsu15
Capital of Texas
Member since Aug 2011
10294 posts
Posted on 6/3/22 at 11:01 am to
1. Have a business
2. Contact an LSU athlete to promote said business and offer a contract
3. Pay athlete/produce promotion content
4. Profit (the athlete, not you)
Posted by Hookin Bull
Leesville, LA.
Member since Nov 2007
243 posts
Posted on 6/3/22 at 11:11 am to
Wasn’t it set up so athlete’s can receive payment for purchases of their jerseys?
Posted by lsufb1912
Louisiana
Member since Aug 2021
5965 posts
Posted on 6/3/22 at 11:15 am to
That's essentially what Gordon McKernan is doing, but that's not an "NIL collective" and/or what other teams are doing. An NIL collective is something that is setup like TAF to raise apparently $13M(per Ryan Day) - 20M in order to pay players.
Posted by logjamming
Member since Feb 2014
8184 posts
Posted on 6/3/22 at 12:04 pm to
Not sure if it’s changed yet, but Coach O wanted everyone to call Derek Ponamsky about funding NIL deals.
Posted by LSUStar
Medellin
Member since Sep 2009
11405 posts
Posted on 6/3/22 at 12:07 pm to
This is greatness.
Posted by SCP
Baton Rouge
Member since Mar 2016
1337 posts
Posted on 6/3/22 at 12:14 pm to
Does anyone know if these NIL collectives such as said to be at Tx. A&M are set up as nonprofits? If so, are donations by the fans tax deductible? If this is the case, I could see some issues down the line if reviewed by the IRS.
Posted by Tiger in Gatorland
Moonshine Holler
Member since Sep 2006
9476 posts
Posted on 6/3/22 at 12:18 pm to
quote:

if reviewed by the IRS.


Oh and you know it will be. NCAA screwed this up.
Posted by grizzlylongcut
Member since Sep 2021
12678 posts
Posted on 6/3/22 at 12:22 pm to
quote:

Can someone please let me know how a person could donate to the/a nil collective at lsu?


LSU does not have a collective yet. LA law does not allow it but I believe it is getting changed over the next legislative session. Or at least it's up for a vote which I imagine would pass resoundingly.
Posted by TigrrrDad
Member since Oct 2016
7615 posts
Posted on 6/3/22 at 12:23 pm to
No way would I contribute to this farce. College athletes have always been paid. My son just graduated from LSU, and it damn sure wasn’t free. It costs over $20k a year. Athletes should get a free ride for college, and that’s it. No one is forcing you to play sports.
This post was edited on 6/3/22 at 12:27 pm
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
86718 posts
Posted on 6/3/22 at 12:24 pm to
The vote already happened, it passed unanimously. On the Governors desk.
Posted by BilbeauTBaggins
probably stuck in traffic
Member since May 2021
7279 posts
Posted on 6/3/22 at 12:26 pm to
go on the TAF site and donate to stuff like upgrading facilities instead
Posted by CoyoteSong
Colorado
Member since Aug 2021
2603 posts
Posted on 6/3/22 at 12:32 pm to
quote:

Can someone please let me know how a person could donate to the/a nil collective at lsu? 1. Have a business
2. Contact an LSU athlete to promote said business and offer a contract
3. Pay athlete/produce promotion content
4. Profit (the athlete, not you)


A lot of people have a business. I have my own business that I have not used in years. But I still report my franchise tax every year just in case I want to start working for myself again. So can I Venmo some cash to a recruit from my business and tell him to go to LSU?

This just seems crazy.
Posted by Tigerpride18
Lakewood Colorado
Member since Sep 2017
31066 posts
Posted on 6/3/22 at 1:04 pm to
Lsu does have a collective. It’s not a business per say it’s a bank account that everyone puts money into and that money is used to pay the players to do stuff for local businesses.

I just don’t know who’s name the accounts under
Posted by BlueBloodTiger
Member since Aug 2018
22 posts
Posted on 6/3/22 at 1:04 pm to
How to tell people you’re not really in the know without saying you’re not really in the know
Posted by Tigerpride18
Lakewood Colorado
Member since Sep 2017
31066 posts
Posted on 6/3/22 at 1:05 pm to
That’s why I say roi doesn’t matter lol people literally put money into an account and it’s set up where it’s not even possible to get a single cent of return on investment because it’s not your business
Posted by Tigerpride18
Lakewood Colorado
Member since Sep 2017
31066 posts
Posted on 6/3/22 at 1:11 pm to
And no I’m not donating to the collective but I’m gonna do my part as a fan and let people with money know how they can.

This is information that we should know about.

Chicken needs to get off his arse and start something. We got texags.com doing their thing .
If I was chicken I would do it and do it better just as a competition between me and anything Aggie .

Imagine how productive we could be in our lives if everything was somehow a competition between us and them . I’d be motivated to do anything
Posted by LSU82BILL
Fort Lauderdale, FL
Member since Sep 2006
10639 posts
Posted on 6/3/22 at 1:15 pm to
quote:

Oh and you know it will be. NCAA screwed this up.


Not for nothing but NIL isn't something that the NCAA hatched. You can thank everybody from Ed O'Bannon to the Supreme Court for NIL and all the problems it has created. This is the last thing NCAA wanted.
Posted by Tigerpride18
Lakewood Colorado
Member since Sep 2017
31066 posts
Posted on 6/3/22 at 1:16 pm to
Now if you really want to pull some lowdown shite and make some white collar crime type money then how about this? ( btw, when it comes out in the news that this happened I hope someone can remember me)

You are a local business that has a collective account you get people to donate into said account for obvious reasons. How would anyone know how the funds were used and even if you didn’t steal the money, you could at least never touch your portion of the accounts balance and the other money that’s donated is used for free advertisement that you can write off for taxes
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