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Started By
Message
1
Posted on 11/27/24 at 3:12 pm to Gymrat7953
quote:
that’s saying how bad Michigan really is and how desperate they are.
Exactly. If Michigan's offense isn't complete dog shite this season then we aren't even having this conversation. They got extremely desperate.
quote:
If there’s not a team around him it really doesn’t matter how good he is.
Facts. Michigan lost 18 players to the draft & the portal last offseason. Their current recruiting class is not great either. You factor in that plus an offensive scheme that is not QB friendly & the chances are high that Underwood won't reach his max potential there.
Posted on 11/27/24 at 3:33 pm to BigBrod81
quote:And to try and write off those obligations as a MILLION DOLLAR EXPENSE is fraud. Straight fraud. You can write of a couple thousand bucks for that.
The players have requirements & obligations off the field in order to collect their weekly to monthly payments from the collectives. Obligations such as autograph signings, commercial shoots, meet & greets & event hosting. All which are items the employer can write off based on previous post.
You can’t pretend with the irs the value of the work is actually millions like you can with the ncaa. You can only use the true worth of the work they are providing for your business
This post was edited on 11/27/24 at 3:38 pm
Posted on 11/27/24 at 3:38 pm to lsupride87
quote:
And to try and write off those obligations as a MILLION DOLLAR EXPENSE is fraud. Straight fraud. You can write of a couple thousand bucks for that.
You don't have any idea how many events the contract requires nor do you know the dynamics of how the contract is structured in terms of payment per event so for you make such as assumption is beyond stupid.
quote:
You can’t pretend with the irs the value of the work is actually millions like you can with the ncaa. You can only use the true worth of the work they are providing for your business
There is no cap on how much someone can be paid to host an event. The amount paid is strictly paid is up to the employer. Celebrities can charge anywhere from $200k to $500k sometimes $1 mil to be hosts or guests at high events which Underwood could easy pull in at some of the Michigan's boosters galas & balls.
This post was edited on 11/27/24 at 3:46 pm
Posted on 11/27/24 at 4:08 pm to BigBrod81
quote:Good luck with that
There is no cap on how much someone can be paid to host an event. The amount paid is strictly paid is up to the employer. Celebrities can charge anywhere from $200k to $500k sometimes $1 mil to be hosts or guests at high events which Underwood could easy pull in at some of the Michigan's boosters galas & balls.
Try laying someone 10 million dollars and having them do one promotion for you then writing it off. Enjoy prison
Yes, for major celebrities where you can support that payment it works. For anything else it’s 100% tax fraud
The irs and everyone else understands the payments to athletes aren’t worth what they are getting. They aren’t the ncaa. They don’t pretend it’s truly NIL and not pay for play
The irs will only allow the amount to be written off for its actual value, which is basically nothing
This post was edited on 11/27/24 at 4:09 pm
Posted on 11/27/24 at 4:11 pm to BigBrod81
The other thing is that NIL deals are not yearly contracts like professional contracts. Most have Sunset clauses which voids the contract within a certain timeframe. The Sunset set clause is usually monthly or quarterly so the contracts have to be renewed upon expiration.
quote:
What Are Sunset Clauses?
Sunset Clauses are clauses in a statute, regulation, or contract that expire automatically on a specified date. It provides for an automatic end once the Sunset Date is reached. So, upon reaching this date, the contract will be deemed void. One of the main advantages of Sunset Clauses is that both parties will no longer have obligations once the Sunset Date arrives. It provides an easy out of the contract since there are no formal actions either side must take to trigger its termination. Normally, both sides know the exact end date, making the drafting and execution of the contract effortless. Also, the Sunset Clause is usually negotiated upfront by the parties. However, in these seven states it is unknown when the exact Sunset Date is, and the parties are unable to negotiate the statutorily established Sunset Clause. This can lead to potential confusion and predatory acts by parties aware of the Sunset Date who have better access to legal representation.
Posted on 11/27/24 at 4:15 pm to lsupride87
quote:
Try laying someone 10 million dollars and having them do one promotion for you then writing it off. Enjoy prison
Underwood is not getting $10 million dollars over one year you idiot. The $10 million is what he is projected to make over his entire tenure at Michigan.
quote:
Desperate for a long-term option under center, they made Underwood an offer he could not refuse. Their four-year deal was reportedly worth $10 million, with some reports saying that he could make up to $12 million during his time in Ann Arbor.
LINK
quote:
The irs and everyone else understands the payments to athletes aren’t worth what they are getting. They aren’t the ncaa. They don’t pretend it’s truly NIL and not pay for play
The irs will only allow the amount to be written off for its actual value, which is basically nothing
You can scream until you are blue in the face that's it pay for play but that's not how the collectives lawyers draw up the contracts. The contracts have to have certain language in them for both the employer & employee in order for it to be a legal contract pertaining to state law.
This post was edited on 11/27/24 at 4:20 pm
Posted on 11/27/24 at 4:18 pm to SlidellCajun
Yup... until that kid ends up not performing
Posted on 11/27/24 at 4:19 pm to BigBrod81
Yeh you idiot. Not a single human being thinks he is doing roughly 2-3 million dollars a year worth of marketing value for anyone. Everyone understands it’s pay for play including the IRS
I dare any CPA to try and write off 2 million worth of marketing a year for underwood
I dare any CPA to try and write off 2 million worth of marketing a year for underwood
Posted on 11/27/24 at 4:24 pm to BigBrod81
Well, so long as the language is properly stipulated then everything is fine.
LOL
LOL
Posted on 11/27/24 at 4:30 pm to lsupride87
quote:
Yeh you idiot. Not a single human being thinks he is doing roughly 2-3 million dollars a year worth of marketing value for anyone.
You would be wrong.
quote:
I dare any CPA to try and write off 2 million worth of marketing a year for underwood
Once again, you are either showing your stupidity or ignorance of the dynamics of NIL. The collectives for each university are made up of numerous business entities. In the case of a player like Bryce Underwood, there's normally several contracts inside the main contract with different businesses. It's not one business the player does marketing or appearances for. It's several & those amounts make up the overall payout amount of the contracts.
Posted on 11/27/24 at 4:38 pm to LSUStar
quote:
Well, so long as the language is properly stipulated then everything is fine.
It's more than just making sure the language is just fine. The player/employee also must perform & meet all obligations of the contract. Sometimes it's simply posting themselves on social media with a product from the employer a specific amount of times over a week or month. Other times it's the player's name, image & likeness being used to promote an event with that athlete having to do a guest appearance or it can be a video or photo for an ad or commercial.
Posted on 11/27/24 at 4:45 pm to LSUStar
quote:
They could buy everyone including backups. Nothing to stop them. 264 M for 22.
Well besides Underwood, they have failed to buy "everyone" & their current class isn't great. It was ranked 16th & only made the huge jump to 8th thanks to Underwood's commitment. Their class has no "meat" to it.
Posted on 11/27/24 at 4:53 pm to Golfpreaux
So if I am an OL getting small peanuts. ...88 open the gate
Posted on 11/27/24 at 8:47 pm to BigBrod81
You dont even read your own links
To give Mich a "final" yes means they had already given them a 'yes' on previous occasions. You dont have a final act, without previous acts.You dont win the NBA finals without winning other rounds. It was a done deal weeks ago
Also, you dont use that phrase if its the first YES that you have shocked Ann Arbor with. Plus, the family didnt even bother with informing LSU, Because they got what they wanted; the hometown school and tons of bucks. LSU was always an afterthought. It was their fall back move
By Sept the family had reached out to Mich. When their 4-star decommitted, Mich had already reeled Underwood in. When Stalions was added to Bryces coaching staff, the family wasnt even trying to hide it anymore
quote:
Underwoods and their attorneys on Thursday, the final yes was given to the staff in Ann Arbor
To give Mich a "final" yes means they had already given them a 'yes' on previous occasions. You dont have a final act, without previous acts.You dont win the NBA finals without winning other rounds. It was a done deal weeks ago
Also, you dont use that phrase if its the first YES that you have shocked Ann Arbor with. Plus, the family didnt even bother with informing LSU, Because they got what they wanted; the hometown school and tons of bucks. LSU was always an afterthought. It was their fall back move
By Sept the family had reached out to Mich. When their 4-star decommitted, Mich had already reeled Underwood in. When Stalions was added to Bryces coaching staff, the family wasnt even trying to hide it anymore
Posted on 11/27/24 at 9:38 pm to RobbBobb
quote:
To give Mich a "final" yes means they had already given them a 'yes' on previous occasions. You dont have a final act, without previous acts.You dont win the NBA finals without winning other rounds. It was a done deal weeks ago
quote:
Bryce Underwood's family had attorneys look over LSU's side of the agreement on Sunday, sent it back and the adjustments needed were made by the LSU side, multiple sources confirmed tonight, including two not connected to LSU football. The same sources outside the program tell me the Underwood's then went over Michigan's agreement sent to them, whatever revisions needed to be made were handled, sent it back to Michigan this afternoon and shortly after, Underwood announced his flip to Michigan. LSU was not told ahead of time, with word coming in to the staff from a member of the Underwood camp moments after the news went public, multiple sources tell me.
Posted on 11/27/24 at 9:47 pm to BigBrod81
quote:
Underwood announced his flip to Michigan. LSU was not told ahead of time
Read your own links
They played LSU. Had zero respect for them. Let them be blindsided by the news reports. Thats not the act of people who LOVED LSU and wanted their son to be loved and embraced there on Dec 9th
How hard was it to say, Sorry we couldnt turn their offer down. Or allow LSU do like they did Mich, and counter. They didnt want LSU to counter. They got exactly what they wanted: Michigan and a fabulous bag
Plus, when they got the offer from LSU on SUNDAY, Bryce had been in secret visits ALL WEEK to Mich. Themz hard cold facts
The deal was already done
Posted on 11/27/24 at 10:24 pm to High Life
quote:
We aren’t winning, we won’t pay him, and the offense is trash. He probably chose to come here in the first place because we were the hot/trendy brand at the time.
We were far from it when he committed. We were the trendy item when he was in the 8th grad. wtf are you talking about lol.
Posted on 11/28/24 at 6:43 am to BigBrod81
What does the language of the contract say if he gets hurt and unable to play? Does he still get paid, or a pro rated amount?
Posted on 11/28/24 at 9:53 am to Golfpreaux
Was Portnoy ever on meth b/c he fits the profile 
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