NIL tournament making it harder to compete

[chito_and_leon]

$1m paid as NIL to each team's players. Another $1m to the winner.

Alabama, Houston, Notre Dame, Oregon, Rutgers, San Diego State and Texas A&M are all on board, sources said. The eighth and final school for the 2024 event will emerge from a small group that is still being deliberated.

Plans are to double the size of the field, sources told CBS Sports, with 16 teams as the target for 2025 and beyond. Duke, Gonzaga, Kansas, Michigan, Syracuse and Virginia have all engaged in discussions about potentially playing in 2025. Sources from a few schools in that group told CBS Sports they anticipate playing in the event if it extends beyond 2024 and continues as planned with 16 teams in 2025. If they opt in, they'd be joined by most (if not eventually all) of the schools playing in 2024, many of which have already signed up for a three-year agreement, according to sources.

NIL-driven Las Vegas college basketball event with millions paid to schools is nearly finalized

 

[lawpoke87]

$1m paid as NIL to each team's players. Another $1m to the winner.

Alabama, Houston, Notre Dame, Oregon, Rutgers, San Diego State and Texas A&M are all on board, sources said. The eighth and final school for the 2024 event will emerge from a small group that is still being deliberated.

Plans are to double the size of the field, sources told CBS Sports, with 16 teams as the target for 2025 and beyond. Duke, Gonzaga, Kansas, Michigan, Syracuse and Virginia have all engaged in discussions about potentially playing in 2025. Sources from a few schools in that group told CBS Sports they anticipate playing in the event if it extends beyond 2024 and continues as planned with 16 teams in 2025. If they opt in, they'd be joined by most (if not eventually all) of the schools playing in 2024, many of which have already signed up for a three-year agreement, according to sources.

NIL-driven Las Vegas college basketball event with millions paid to schools is nearly finalized

Yeah….these guys are amateurs.

 

[mcane]

Time for Feds to tax the sports programs that do this stuff

 

[Gmoney4WW]

Yeah….these guys are amateurs.

These guys are getting paid better than the NBA. 333k/167k(8/16 teams) per game. That equivocates to around 27/14m per year in an NBA season.

 

[noble cane]

Time for Feds to tax the sports programs that do this stuff

I would love to see schools like OU be stripped of NFP status for athletics and have revenue and facilities hit the tax rolls..

Imagine the property tax revenue benefit to local schools from taxing an 80,000 seat stadium, indoor practice facility, and mega coach's offices..

 

[TU_BLA]

I would love to see schools like OU be stripped of NFP status for athletics and have revenue and facilities hit the tax rolls..

Imagine the property tax revenue benefit to local schools from taxing an 80,000 seat stadium, indoor practice facility, and mega coach's offices..

Here's a question, are tickets to events at supposed non-profits hit with a sales tax or venue or event tax like say tickets to events at the BOK are hit with?

 

[noble cane]

Here's a question, are tickets to events at supposed non-profits hit with a sales tax or venue or event tax like say tickets to events at the BOK are hit with?

My TU season FB tix invoice doesnt list a venue fee or sales tax..

Dont know about OU...