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Message
re: Now that players are getting paid for NIL should they have to pay for tuition ?
Posted on 7/1/21 at 1:34 pm to FredBear
Posted on 7/1/21 at 1:34 pm to FredBear
quote:
Us common folks have to pay taxes on everything we earn, I see no reason why it should be different for them
No we don't
We have plenty of avenues to earn non taxable income if we are being as loose as you are with "income"
Posted on 7/1/21 at 1:37 pm to GRTiger
quote:
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.
If that’s the case we would be taxed at every sale we partake in, any time you buy a car under MSRP, or negotiate a house down from a list price.
Posted on 7/1/21 at 1:38 pm to RRBengal
quote:
All I’m saying is that whatever the current form is can be changed to more closely align to that of a signing bonus
For the third time, why?
Posted on 7/1/21 at 1:39 pm to Salmon
quote:
No we don't
I can't speak for anyone else but I've had to pay tax on my income my entire adult life. I have never received a "tax free" income unless it was under a certain amount. It used to be 600 bucks, it may be a different number now
Posted on 7/1/21 at 1:40 pm to FredBear
What you’re responding to is that you don’t pay taxes on discounts. Scholarships can be viewed as providing a discount to students, not direct payments.
Posted on 7/1/21 at 1:43 pm to Oilfieldbiology
quote:
What you’re responding to is that you don’t pay taxes on discounts. Scholarships can be viewed as providing a discount to students, not direct payments.
LOL, that's so preposterous. Don't get me wrong, I'm sure what you are saying is true but that's just straight up bucking the system. It happens
Posted on 7/1/21 at 1:43 pm to FredBear
quote:
I can't speak for anyone else but I've had to pay tax on my income my entire adult life. I have never received a "tax free" income unless it was under a certain amount. It used to be 600 bucks, it may be a different number now
no Roth IRA? no 401k match? no HSA?
do you get taxed on Healthcare benefits?
if you want to consider "room and board" an income, then you should consider all of these things taxable incomes as well
This post was edited on 7/1/21 at 1:44 pm
Posted on 7/1/21 at 1:46 pm to LNCHBOX
quote:
For the third time, why?
Because the way everything is being governed in college sports is changing. Players can now have NIL income, they can change schools at anytime without having to sit out a season or get permission from their school, the NCAA is increasingly becoming more irrelevant, states are passing sweeping legislation around college sports, etc. This should cause school administrators to sit-up and look to see what changes they can make on their end to protect their investments. If you just sit back and let everything around you change but don’t try to adapt and create leverage on your end to benefit yourself/institution you will be left in the dust sucking hind tit. If schools are going to make these types of changes it’s best to do it now while everything is changing to avoid fighting a negative PR battle later on when you do it after the dust settles and the media paints you as being greedy.
Posted on 7/1/21 at 1:48 pm to RRBengal
quote:
All I’m saying is that whatever the current form is can be changed to more closely align to that of a signing bonus
The only way your idea could work is if all athletic scholarships were paid in cash to the student in advance of their services.
Scholarships are mostly cashless (beyond semester stipends) and are a barter for services. You play football for us, and you can attend the school, stay in this housing, eat from this meal plan, etc. The day the student leaves, they are no longer using the resources or providing the service. So expecting reimbursement would very much be like asking an employee to pay back income already earned.
The closest you could come is in those cases where the athlete quits the team but stays at the school. I am not sure it isn't already done this way, but in that case, you could change the rule that they can no longer attend the school unless they pay the prorated value of the education from quitting day to the day they leave the school, rather than allowing them to continue leveraging the scholarship beyond their service to the team.
It could also be seen as discriminatory to only enforce this rule on student athletes, so this would likely have to impact all scholarship students. I doubt that would go over well.
Posted on 7/1/21 at 2:01 pm to RRBengal
quote:
If schools are going to make these types of changes it’s best to do it now while everything is changing to avoid fighting a negative PR battle later on when you do it after the dust settles and the media paints you as being greedy.
The schools would rightfully be torched in the PR arena if they tried to make the move you suggest. It's an idea only slightly less terrible than OP's. 99.9% of NCAA athletes will see extremely little to zero benefit from NIL.
Posted on 7/1/21 at 2:02 pm to GRTiger
quote:
Scholarships are mostly cashless (beyond semester stipends) and are a barter for services. You play football for us, and you can attend the school, stay in this housing, eat from this meal plan, etc. The day the student leaves, they are no longer using the resources or providing the service. So expecting reimbursement would very much be like asking an employee to pay back income already earned.
They also are renewed yearly, not issued 4 years at a time.
Posted on 7/1/21 at 2:04 pm to LNCHBOX
quote:
For the third time, why?
Because they are upset with this change & just want to punish college players.
Posted on 7/1/21 at 2:12 pm to GRTiger
quote:
The only way your idea could work is if all athletic scholarships were paid in cash to the student in advance of their services.
I realize what I am proposing is unorthodox and would be difficult to implement however, it is not too far out there. Professional sports give signing bonuses where if a player doesn't fulfill their obligations they have to pay back a portion or all of it.
Maybe it is that we give kids the cash up front in a trust that can be drawn out of to cover school related costs and if they leave for unapproved reasons they are forced to payback the trust to make it whole. If a coach leaves while still under contract then he typically has to pay a penalty, which is generally covered by the receiving school. Maybe the answer in that the receiving school has to pay to losing school for the transferring player's tuition to date.
I don't know the answer, but what I do know is that something should change from the school's perspective. The old way of doing business will not be good for them in the long run. The pendulum always swings from one extreme to another. Before the schools / NCAA had their boot on the throat of the players at one extreme, now it's swinging towards the other direction. I'm hoping they can find a happy middle ground.
Posted on 7/1/21 at 2:18 pm to RRBengal
quote:
but what I do know is that something should change from the school's perspective.
Why? They aren't paying the NIL money. All you've said is change just to change. That's not a particularly convincing argument.
Posted on 7/1/21 at 2:20 pm to LNCHBOX
quote:
The schools would rightfully be torched in the PR arena if they tried to make the move you suggest. It's an idea only slightly less terrible than OP's. 99.9% of NCAA athletes will see extremely little to zero benefit from NIL.
I don't believe so. Athletes are making demands that they be given the right to make money off of NIL, and also the right to transfer without being forced to sit out a year. Both of which I support.
However, the schools will invest in an individual to help develop them, win, and get them to the next level. That individual can now jump ship to a better team without any financial recuperation for the losing institution. I believe that there should be some mechanism setup that allows for anyone to transfer to anywhere, but makes it less likely due to a buyout clause of some sort.
Posted on 7/1/21 at 2:25 pm to LNCHBOX
quote:
Why? They aren't paying the NIL money. All you've said is change just to change. That's not a particularly convincing argument.
Please re-read what I posted above:
quote:
Because the way everything is being governed in college sports is changing. Players can now have NIL income, they can change schools at anytime without having to sit out a season or get permission from their school, the NCAA is increasingly becoming more irrelevant, states are passing sweeping legislation around college sports, etc.
I'm not saying to change just to change. I'm saying schools need to change because everything else around them is changing no matter whether they want that change or not. They need to strategize how to best position themselves with the new changes for the long run. If they sit, close their eyes, and do nothing hoping this all goes away they will be sorely mistaken. Adapt or Die.
Posted on 7/1/21 at 2:26 pm to RRBengal
quote:
I don't believe so
Well that just reinforces my comments from earlier in this thread about how ridiculous this thread is.
quote:
However, the schools will invest in an individual to help develop them, win, and get them to the next level. That individual can now jump ship to a better team without any financial recuperation for the losing institution.
So what? Coaches, trainers, admin all can leave whenever they choose, why does the athlete need to be stuck? That makes no logical sense other than that's how it used to be. Why when the athletes get a just a little piece of the pie do people like you want to punish them for it?
quote:
I believe that there should be some mechanism setup that allows for anyone to transfer to anywhere, but makes it less likely due to a buyout clause of some sort.
The "buyout" is any remaining scholarship funds they'd have used in the future at that institution. What you want is a penalty, and you give absolutely zero good reason for it.
Posted on 7/1/21 at 2:27 pm to RRBengal
quote:
I'm not saying to change just to change.
quote:
I'm saying schools need to change because everything else around them is changing no matter whether they want that change or not.
That is change just to change
Posted on 7/1/21 at 2:27 pm to supersaints9
They should be required to pay income taxes on the value of their athletic scholarships. Plain and simple. It is only fair if they want to play the game of being paid, then be treated as such.
Their scholarship should be taxed, and the benefit for the university is they are not required to pay employer FICA taxes from that money, but the athletes are.
In the end, they need to just shut down college athletics as it has become an utter joke both from the university side and the greedy players side.
Their scholarship should be taxed, and the benefit for the university is they are not required to pay employer FICA taxes from that money, but the athletes are.
In the end, they need to just shut down college athletics as it has become an utter joke both from the university side and the greedy players side.
Posted on 7/1/21 at 2:28 pm to Geauxgurt
quote:
They should be required to pay income taxes on the value of their athletic scholarships. Plain and simple. It is only fair if they want to play the game of being paid, then be treated as such.
Nonsense. Academic scholly holders can work outside of school and they are taxed only on their work earning. Why should athletic schollys be any different?
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