- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: NCAA will allow athletes to be compensated per CNBC
Posted on 10/30/19 at 7:35 am to lostinbr
Posted on 10/30/19 at 7:35 am to lostinbr
quote:
First off, even if the “worst case” scenario of boosters funneling a ton of money to athletes, you’re really talking about money that would have been used for donations to the universities being redirected. Considering that most universities with top-notch athletic programs are state schools, the states may actually lose money here.
Bruh, the players are going to be getting paid for advertisements, for autographs, endorsements, etc. That’s what this is all about and it’s all taxable income.
The boosters aren’t going to stop donating to the schools. You’re completely missing the point. It’s not a life changing amount of money, but it is some money and the government wants their cut. How big/small is irrelevant.
This post was edited on 10/30/19 at 8:02 am
Posted on 10/30/19 at 8:29 am to RB10
quote:
The boosters aren’t going to stop donating to the schools.
I didn’t say they were, but they also aren’t going to double the amount they are spending on athletics (whether they give it to the players or the schools) just because the rule changed. I will concede that “legit” (meaning not fueled by boosters trying to buy players) endorsement/advertising money is probably new revenue.
quote:
How big/small is irrelevant.
It is relevant when you make statements like this:
quote:
The main reason these states are passing this is the potential tax revenue, of which they’ve been getting nothing in their eyes. They don’t really give a shite about the players.
Posted on 10/30/19 at 8:33 am to lostinbr
quote:
I didn’t say they were, but they also aren’t going to double the amount they are spending on athletics (whether they give it to the players or the schools) just because the rule changed.
No one said they were doubling anything. The boosters will use their connections to help set up players with opportunities to make money. They aren’t going to be cutting them personal checks.
quote:
I will concede that “legit” (meaning not fueled by boosters trying to buy players) endorsement/advertising money is probably new revenue.
You will concede that the biggest change due to this new ruling is what actually matters? Good for you.
quote:
It is relevant when you make statements like this:
The main reason these states are passing this is the potential tax revenue, of which they’ve been getting nothing in their eyes. They don’t really give a shite about the players.
The amount is not relevant when discussing why the states are passing these laws. It’s not to protect the players, it’s to get the tax revenue they feel they’re missing out on.
This post was edited on 10/30/19 at 8:35 am
Posted on 10/30/19 at 8:39 am to RB10
quote:
The amount is not relevant when discussing why the states are passing these laws. It’s not to protect the players, it’s to get the tax revenue they feel they’re missing out on.
So you’re implying that California decided to take on the NCAA over a few hundred thousand dollars (maybe) in tax revenue?
Posted on 10/30/19 at 8:45 am to lostinbr
quote:
So you’re implying that California decided to take on the NCAA over a few hundred thousand dollars (maybe) in tax revenue?
I'm implying they took on a billion dollar a year industry believing they could get a chunk of it. Ruling that players get paid is how they get that ball rolling, and it's even a bit of extra change along the way.
I'm guessing the ultimate goal is to eventually have the NCAA stripped of it's exempt status.
This post was edited on 10/30/19 at 8:47 am
Posted on 10/30/19 at 9:55 am to RB10
quote:
I'm guessing the ultimate goal is to eventually have the NCAA stripped of it's exempt status.
What exempt status?
Pro sports have been given an exemption or partial exemption to the Sherman Act. The NCAA and schools have been running a criminal racket for decades, some states are being nice... by introducing legislation to tell them to get with the times. No legislation is really needed though, the States could easily just start indicting NCAA and school officials under current law.
Basically, lawmakers are quietly telling them to stop.
The NCAA/schools do not have exemption to the Sherman Act because they actually claim they are just student activities and they are not employees. If they ask for some type of exemption, its basically admitting they are employees, and than they have to pay all of them.... and they would still be able to gain money from third parties.
There is just nothing terribly complex about any of this... all they have to do is comply with existing law i.e. get the hell out of the way.
Personally, I don't think pro sports should be given a free bye... but that is a political issue more than corruption, but its a fine line.
This post was edited on 10/30/19 at 10:01 am
Posted on 10/30/19 at 10:07 am to TSmith
Poor Jane in the college of business....
Posted on 10/30/19 at 10:13 am to GeauxFightingTigers1
quote:
What exempt status?
The NCAA is still a tax exempt entity.
quote:
There is just nothing terribly complex about any of this... all they have to do is comply with existing law i.e. get the hell out of the way.
The implications are extremely complicated. The NCAA has chosen to retain their exempt status, for now, by allowing players to be paid for their likeness IF they attend school in a state where the law has passed.
Here's a link where some of the complications are discussed: LINK
However, I think this is a step in the direction of the NCAA losing it's exempt status altogether, which is what I think the legislators really want.
Posted on 10/30/19 at 10:26 am to RB10
This has nothing to do with their tax exempt status... not really.
Nobody said it wouldn't change or effect things, but its not up to the public to help them out with their corruption scam. Its like the mob not wanting to change their shake down scams, duh, of course its going to effect things.... good!
Nobody said it wouldn't change or effect things, but its not up to the public to help them out with their corruption scam. Its like the mob not wanting to change their shake down scams, duh, of course its going to effect things.... good!
This post was edited on 10/30/19 at 10:33 am
Posted on 10/30/19 at 10:32 am to GeauxFightingTigers1
quote:
This has nothing to do with their tax exempt status.
Ok.
quote:
Nobody said it wouldn't change or effect things, but its up to the public to help them out with their corruption scam. Its like the mob not wanting to change their shake down scams, duh, of course its going to effect things.... good!
That's your opinion, and that's fine. Many people share it, and many people don't. Saying this is good just because it's different is not factual in any way though.
Posted on 10/30/19 at 10:43 am to RB10
You're being emotional, its not personally. The schools are operating a corruption scam, what you are trying to do is say its alright to have a scam as long as your entertainment isn't effected. The irony of educational institutions claiming they trying to educate young people at the same time... shaking down the people they claim they are helping for a buck.
None of this is defensible, its illegal under current law - the schools have gotten a free pass till now... the gig is up.
They'll have to adjust or roll over and die - beats going to prison.
None of this is defensible, its illegal under current law - the schools have gotten a free pass till now... the gig is up.
They'll have to adjust or roll over and die - beats going to prison.
This post was edited on 10/30/19 at 10:45 am
Posted on 10/30/19 at 10:49 am to GeauxFightingTigers1
I'm clearly the only one who's speaking from emotions here. Clearly.
Posted on 10/30/19 at 10:52 am to Roymg
quote:
Well, so this will end amature sports. They might as well start another professional league. Just like the pro teams they will play from their back pockets and not for their school or state. Is why I never cared for professional sports. They should now have to pay for their scollarships.This will kill all football for me.
Division I college football programs have been professional sports organizations ever since the advent of boosters, the fans have just chose to maintain the facade that it is a amateur sport.
Posted on 10/30/19 at 11:10 am to RB10
quote:
I'm clearly the only one who's speaking from emotions here. Clearly.
Haha. Sure. There really isn't much to all this... they should be thanking their lucky stars a State hasn't pushed this to grand jury.
Posted on 10/30/19 at 11:30 am to shel311
If a private company or individual want to hire and pay a softball player more than a football player that could very well be the case under the new proposals. Remember this is not the schools paying the athletes its allowing them to receive compensation for their work, marketing abilities or services.
Posted on 10/30/19 at 11:44 am to Doctor
Eventually the schools will be allowed to pay the players, and in some cases will probably be required to pay.
This is just step 1.
This is just step 1.
This post was edited on 10/30/19 at 11:44 am
Posted on 10/30/19 at 1:06 pm to RB10
quote:
I'm implying they took on a billion dollar a year industry believing they could get a chunk of it. Ruling that players get paid is how they get that ball rolling, and it's even a bit of extra change along the way.
They are already getting a chunk of it.. a much larger chunk than whatever additional tax revenue this brings. LSU’s athletic department brings in almost $150 million top-line per year. They pay $26.5 million in coaching salaries (taxable). Home football games create an insane amount of state and local tax revenue due to merchandise, concessions, bars/restaurants/hotels, etc.
I have seen nothing to indicate that California, or any of the other states which have introduced “fair pay to play” bills, are doing it for tax revenue. I think California passed their bill because they felt it was popular, politically. Most (if not all) other states with similar bills in the legislature are just worried about their athletic programs declining because they can’t compete.
I just don’t think saying tax revenue is the “main reason”, “they’ve been getting nothing in their eyes”, and “they don’t give a shite about the players” is accurate. If you’ve got evidence to the contrary then I’d be interested to see it.
Posted on 10/30/19 at 1:15 pm to LSUTIGERS8181
quote:God I hope EA Sports has everything they need just waiting on this moment!!!
NCAA game coming back boys!
Popular
Back to top


1





