Edging closer to pro ball all the time..
By my math this will require $5 million annually just to break even on football..
By my math this will require $5 million annually just to break even on football..
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New Money Laundering Scheme in Norman
- Thread starter noble cane
- Start date
College athletic today—those schools who can pay their players the most, win.
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Drop in the bucket compared to the $100M plus they’re going to receive annually from the SEC revenue distributions.
NIL compensation is not tax free. Some folks will be in for a rude awakening.
Which means that rebuilding relationships with individual and corporate donors is important for TU after the Gragg years. I think we may have the right team in place to make the change happen.
Spur of the moment decision yesterday afternoon, I went to Mike Case Tennis Center and watched the AAC tournament for 90 minutes. I noticed Henry and Jane Primeaux names on the outside of the Case Center Tennis building under Mike Case.
I haven't seen Henry or other family members at TU basketball games for years. They use to attend many games. Maybe Dickson gets them engaged again.
I was referring to the $100 million that University of Oklahoma Athletics, inc. will be paid by the SEC media package and sheltered with tax free statud by the NFP status of their licensing agreement with a Land Grant University...
With NCAA Embroiled in Chaos, Notre Dame’s Swarbrick Calls Division I Breakup ‘Inevitable’
Wholesale change is unavoidable in college athletics. The Fighting Irish athletic director thinks a total realignment of Division I is coming with it.
www.si.com
With NCAA Embroiled in Chaos, Notre Dame’s Swarbrick Calls Division I Breakup ‘Inevitable’
Wholesale change is unavoidable in college athletics. The Fighting Irish athletic director thinks a total realignment of Division I is coming with it.
Very interesting that Swarbrick does NOT see this as a P5 vs G5 split. He has Notre Dame on the other side of the Alabama, Texas, OU, Southern Cal, Oregon crowd. The question would be how many big schools would join Notre Dame on the traditional side of the split.
Also very interesting to hear that a lot of big schools want to change conferences now, but are stuck by their conference TV contracts. I’m thinking the USC/UCLA to the Big 10 rumors may be legitimate. It also sounds like the Vanderbilts of the P5 should be concerned.
You may be right about ND. Also, Swarbrick is 68. Very doubtful he will be the AD when the changes would happen.
It’s probably good news for OSU to hear that many teams are wanting to move conferences.
Unlimited NIL + portal is an awful combination for college sports. Pack (guard from K State) just transferred to Miami for $400K per year with $800K guaranteed. We basically have the NBA with open player transfers and no salary cap.
Not sure what the solution is at this point. The NCAA stuck its head in the sand for years. I don’t see them as part of any solution. In fact, I can see them being completely out of big time college athletics in the next decade.
Not sure what the solution is at this point. The NCAA stuck its head in the sand for years. I don’t see them as part of any solution. In fact, I can see them being completely out of big time college athletics in the next decade.
Time for the soon to be four mega conferences, professional developmental leagues, or whatever in the hell you want to call them to have their non profit status stripped, pull of the band aid, and get the hell out of college athletics. Completely FUBARing the college athletic experience.
The NCAA should have taken the lead in structuring and enforcement of the NIL for all schools. They abdicated their responsibility.
Have my doubts that most athletic departments will show taxable income if they were stripped of their non profit status. Too many expenditures available to get the bottom line to zero.
The most significant change would be the ability or donors to write off donations made to the athletic department. Pretty easy fix imo. Switch all athletic related buildings to the university’s general fund. Thus keeping the donors ability to write off the donation.
And oddly enough it is not the schools, it is the "boosters" that can do it legally now. The size of the school doesn't necessarily establish the size of the NIL pot. If T Boone had been at Rice, they might pay their players a 200K+ a year and get a top 10 recruiting class. We may find some odd "Top 10 recruiting classes if big money comes out from alumni at small schools.
Prohibited by statute in many states, including most notably Florida.
And in some cases, the schools wouldn’t want the debt and upkeep.
FSU is so broke, they are using local government economic development funds that are held in a public/private entity to do upgrades and repairs to the stadium.
The school absolutely would not want, and could not pay, for Doak, or any other athletic building.
I think you would be surprised what most of these schools would be willing to do in order to keep their $200M annual sports revenue stream. If athletic department donations were no longer tax deductible there would be changes to their structure imo.
I’ve been surprised there haven’t been more athletic departments in significant financial distress due to Covid. I expected widespread cutbacks with multiple programs being eliminated at most schools. Thus far we haven’t seen it.
The federal government printing money helped a lot of that.
States with multiple state universities with varying levels of external support can’t be leveraging state governments to build out their athletic departments. Or worse, one powerful legislator steering funds from one program and not another. Or even worse, diverting academic programming funds to cover sports funding losses.
So there’s not a lot of room to be maneuver. Heck, the President and the General Counsel of UCF recently were removed and there was talk of jail time for some borderline budgeting issues, unrelated but adjacent to athletics, that many people (mainly UF and FSU legislators), felt was an attempt to divert funds for academic purposes to building buildings so other funds could be used to cover athletic losses and continue their expansion. There was never any proof of that and some say it was over blown. The point is: state schools are often prohibited by law from doing what you propose and there’s bigger and better reasons than NIL to not change those laws. They will stay competitive and solve the NIL issues. It won’t be that way.
i have a real freaking issue with a tax deduction going to compensating a player. I can 1099 anyone for paying them something, and not call them employees, but if I am the only their only source of income, and the only way they get said income to participate for MY team, then I would love to hear what an employment attorney thinks about that. Or a state government.
If they still contend that the donation to a collective is tax deductible, and then this is no different than raising money to pay a coach, or an A.D., then essentially you are making every NIL athlete a university employee...which brings a whole lot of bad crap to the surface.
You can't have both. A new 501c3 to raise money to comp athletes, then not call them employees. The first time one of them gets hurt, look out.
If they still contend that the donation to a collective is tax deductible, and then this is no different than raising money to pay a coach, or an A.D., then essentially you are making every NIL athlete a university employee...which brings a whole lot of bad crap to the surface.
You can't have both. A new 501c3 to raise money to comp athletes, then not call them employees. The first time one of them gets hurt, look out.
maybe as a marketing expense, but certainly not if it is an individual gift to the collective?
Businesses to my knowledge don’t classify NIL expenditures as donations but more likely an advertising expense. Further, it’s not tax deductible per se as in a donation but a business expense. I’m not sure how group NIL’s are structured. I assume in a way where they can be classified on the income statement as an expense.
I can’t say now, but the first couple of months out of the gate, women were signing bigger deals than men. Mostly gymnasts, divers, and track athletes. Which raised some questions.
This is where TU is vulnerable. The Biden administration has indicated they support a policy for private school football players, but not public, to be unionized.
Normally, your union negotiates what you get paid for what you are required to do to help promote the team. And you can negotiate up from there. And whatever you can get on the side is yours so long as you aren’t in uniform. In college, you get nothing. And without a union you are vulnerable to retaliation if you say no. But now that image has value. So they have an expectation of being paid. How much is the question. It would seem inevitable that there will be a players association for TU football.
Allowing unions for private university players only & not for public university players is such a blatantly stupid & unfair idea, that it could only be a government plan.
I think we're entering a slippery slope with the NIL and its impact on Title IX. Technically the $ isn't coming from the university...it's coming from private entities...sort of. BUT if a school is selling jerseys and paying the athlete on what is sold, then it could be simply that they offer a female athlete the same amount of $ off the sale as they offer the male athlete but it is dependent on the sale. So if TU offered a Davis Brin jersey in the bookstore, maybe they need to offer a Temira Poindexter jersey as well. I would assume Davis' jersey would see more sales and he'd get more $ off of it. I wonder if TU would have a made to order jersey instead of stocking specific ones.
Because we're seeing "foundations" being set up to just hand over NIL money to athletes at places, most of those are trying to equalize the money for every athlete on campus. I think it gets dicey if you have an athletic marketing dept. out and trying to secure endorsement deals for local businesses and they get 200 endorsement deals for football, men's basketball, and a couple of other sports, but the business don't really want the women's crew team to try and sell their used cars. I think it's going to come down to the level of involvement of the university in securing these deals. I think Title IX would apply if it's university driven but an outside "private" foundation wouldn't necessarily have the same level of making sure it was equal. I'm sure we will see a lawsuit coming soon challenging that though.
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