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Posted on 7/1/21 at 11:45 am to supersaints9
quote:
I assume you are under the age of 30
As accurate as all your other posts in this thread.
Posted on 7/1/21 at 11:45 am to red sox fan 13
Not saying i want the athletes to pay tuition, but you do realize that your normal student you are comparing them to will never get endorsement deals or 6 figure+. Jobs while in school on an “academic” scholarship. It’s not really apples to apples
Posted on 7/1/21 at 11:47 am to H-Town Tiger
quote:
Yo think say Canes would cancel their in stadium billboards or official sponsorship of LSU athletics because they can get Derek Stingley on a billboard?
I think they and their competitors for that ad space will be willing to pay less.
quote:
Coaches have long be able to profit from their NIL has that hurt the colleges?
I think it has. If brands had to go through LSU to access LSU coaches and LSU didn’t have to compensate the coaches for that, LSU would collect more money.
quote:
Its not a zero sum game
It is not. The increased business opportunity for Walkons to have Derek Stingley tell LSU fans to try the alligator bites isn’t as big as some seem to think.
Posted on 7/1/21 at 11:51 am to nolatrain504
quote:
but you do realize that your normal student you are comparing them to will never get endorsement deals or 6 figure+. Jobs while in school on an “academic” scholarship. It’s not really apples to apples
I bet there are just as many "regular" students that find a way to earn 6 figure incomes while in school as there will be athletes that sign 6 figure NIL deals. Any regular student can get student worker jobs that pay $10k or more a year if they want it. I made $16 an hour during my junior and senior years through co-op programs. Yall are way too focused on the exceptions that will be high earners through NIL.
Posted on 7/1/21 at 11:59 am to supersaints9
quote:And getting tuition return, that's the trade off.
The players are making the schools money
quote:The players aren't getting paid by the schools, so why should the schools get to have players make them money for free, with nothing in return from the school?
and the schools are making the players money
Using this logic, should NFL players not have to be paid by their teams? The players are making money in endorsements, so why should the teams pay them, right? Again, that's the logic you're putting out here.
quote:And the school wouldn't make millions without the players, so...
he players wouldn’t be getting paid without the exposure from the schools
quote:Again, because the NCAA shouldn't get free millions/billions in profit without having to pay anything in return.
Why shouldn’t they pay now that they are getting paid?
Posted on 7/1/21 at 12:00 pm to supersaints9
quote:So wait wait wait.
A student on an academic scholarship isn’t making the school millions, so that’s a pretty dumb comparison.
You want to penalize the students who are making the school millions and make them pay for school? I'm hoping you reread this post and can see the error in thinking here.
Posted on 7/1/21 at 12:07 pm to supersaints9
quote:
*** Should they pay a certain percentage?
It’s all about business!
What a dumb thread. Or you need to reword the title. Are ALL the players being paid? What about the 98% of the kids that ARENT getting paid?
Everyone here seems to be melting over this, but let’s be real….there’s about 25-30 kids across the ENTIRE NCAA that will be paid. And 90% of those kids will be football players.
Posted on 7/1/21 at 12:12 pm to LNCHBOX
quote:
I'm failing to see why repayment of funds would be on the table here. Do you repay your employer when they fire you? Do you repay them when you leave for whatever reason? Why would that happen here?
Actually it is common in the corporate world to have a stipulation put on your signing bonus stating that if you leave before a predetermined amount of time you must repay some or all of your signing bonus. That logic could be applied to scholarship money if players decide to enter the transfer portal and transfer to another school then they have to repay a certain amount of their scholarship. Question is would a school really want to put that into the scholarship contract when no other school does it? Would that affect the likelihood of a blue chip player signing with you vs another school that doesn't have that stipulation?
Posted on 7/1/21 at 12:15 pm to RRBengal
That's not how it's currently handled, so why would it change now?
Posted on 7/1/21 at 12:19 pm to LNCHBOX
quote:
That's not how it's currently handled, so why would it change now?
The way things are "currently" or "have been" handled in the past is irrelevant. We are going through seismic shifts in the rules governing how players are allowed to be compensated by outside entities, as well as their ability to transfer schools with little to no negative repercussions to them. With that will come additional changes with how schools will view and adjust how they protect their investment in these players going forward which may require additional stipulations put on their scholarships.
Posted on 7/1/21 at 12:27 pm to RRBengal
quote:
The way things are "currently" or "have been" handled in the past is irrelevant.
I mean, I wouldn't bother trying to explain why schools would start treating scholarship money differently. NIL has nothing to do with the school and its available funds. There's absolutely no reason to change that. Much like there is no reason to do what OP suggests.
Posted on 7/1/21 at 1:00 pm to supersaints9
quote:
If a student on an academic scholarship has a job, should they pay for tuition?
A student on an academic scholarship isn’t making the school millions, so that’s a pretty dumb comparison.
I have no idea how you think this makes any sense.
Posted on 7/1/21 at 1:00 pm to supersaints9
If a university wants to take away their athletic scholarships in lieu of NIL, I say let them.
Just know there are plenty of other universities who will still offer full scholarships. Sounds like that first university just lost the recruiting battle in a huge way.
Just know there are plenty of other universities who will still offer full scholarships. Sounds like that first university just lost the recruiting battle in a huge way.
Posted on 7/1/21 at 1:03 pm to RRBengal
quote:
That logic could be applied to scholarship money if players decide to enter the transfer portal and transfer to another school then they have to repay a certain amount of their scholarship
A scholarship is not a signing bonus, it's a performance bonus. It is paid as "services" are rendered. If they leave early for whatever reason, they forfeit the remainder of the promised amount.
So it very much works like a corporate bonus.
Posted on 7/1/21 at 1:27 pm to supersaints9
I don't have a problem with players getting paid. I don't have a problem with players receiving scholarships while getting paid.
But, I want them to be taxed for it, including the value of the scholarships, room and board, etc. etc.
Us common folks have to pay taxes on everything we earn, I see no reason why it should be different for them
But, I want them to be taxed for it, including the value of the scholarships, room and board, etc. etc.
Us common folks have to pay taxes on everything we earn, I see no reason why it should be different for them
Posted on 7/1/21 at 1:29 pm to FredBear
Do you want academic scholarships taxed the same way?
Posted on 7/1/21 at 1:30 pm to Oilfieldbiology
Yep
Posted on 7/1/21 at 1:32 pm to GRTiger
quote:
A scholarship is not a signing bonus, it's a performance bonus. It is paid as "services" are rendered. If they leave early for whatever reason, they forfeit the remainder of the promised amount.
So it very much works like a corporate bonus.
We could debate how scholarships are structured and which payment form it more closely aligns to, but that wasn’t my original point. All I’m saying is that whatever the current form is can be changed to more closely align to that of a signing bonus and then have the athletes committed to reimbursement if they leave to another school. Not saying schools should do that, just that it is an option they may want to explore given the changes in transfer rules. I say that knowing this is a thread about NIL payments but has also had a lot of discussion around scholarships in general and thought this was relevant to that discussion.
This post was edited on 7/1/21 at 1:33 pm
Posted on 7/1/21 at 1:33 pm to FredBear
Should taxes be paid on the value of discounts?
If a school structures a scholarship as a reduction of the cost of goods down to 0, taxing that would be similar to taxing someone for the value of savings if they received a discount for anything.
Scholarship funds provided to the student in the form of a check are already taxed as income, I believe.
If a school structures a scholarship as a reduction of the cost of goods down to 0, taxing that would be similar to taxing someone for the value of savings if they received a discount for anything.
Scholarship funds provided to the student in the form of a check are already taxed as income, I believe.
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