NCAA to meet Tuesday to consider allowing athletes to profit from endorsements

#30
#30
and I assume the IRS will start taxing athletic scholarships....since that would be considered income, right?
 
#31
#31
Rasputin_Vol said:
Who said anything about paying? This is to allow the players to profit from their own likeness. No money taken from the schools.
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Yes, I’m aware, but seems to be a step toward that.
This just seems like a sure fire way to feed the rich. “If you sign here we’ll get you a TV commercial deal with Big Will at Ole Ben Franklin.”
 
#32
#32
Pappy said:
and I assume the IRS will start taxing athletic scholarships....since that would be considered income, right?
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Some senator was pushing that. Not sure but it may end up impacting all scholarships.
 
#35
#35
allvol123 said:
So are they going to tax every type of scholarship? Why single out athletic ones?
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I do not know the answer to that, but with all of the tax happy libs in Congress, you know it is on someones' agenda.....but to the point, it is income in a manner of speaking....i hope it never happens
 
#36
#36
Power 5 FB and BB are basically minor leagues for NFL and NBA. They are businesses and therefore should be treated as such. Tax them as businesses owned by the colleges. Eliminate eligibility and recruiting restrictions. Pay players. Enrollment not required.
 
#37
#37
Pappy said:
I do not know the answer to that, but with all of the tax happy libs in Congress, you know it is on someones' agenda.....but to the point, it is income in a manner of speaking....i hope it never happens
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The only guy pushing it is Richard Burr, a Republican.
 
#39
#39
Bumping my own thread since I've been hanging out since yesterday. I didn't see another thread. I actually hadn't kept up on this and just noticed yesterday that Florida passed their NIL law in June, with effective date of July 1, 2021. The Florida law is similar to the California one, I only skimmed both. I'm not sure why they enacted this kind of thing, I mean they are still treating the college players as red head step children i.e. oversight by the schools. I'm not sure about the Colorado law.

The NCAA Board of Governors put out a report in April and have now acknowledged, imo, they have serious legal issues including anti-trust. Furthermore, it still appears they are playing games with "student athlete" still. (eyeroll) In addition, they seem to think Congress can magically fix all this with an anti-trust exemption and additional legislation. I would say doubtful, even if they could muster enough support. The anti-trust exemption would actually add fuel to the fire that all the players are employees and should be paid, plus everything else that goes along with that. Its quite a bizarre report legally, they acknowledge legal problems with what they are doing than just want to enact additional rules which make even less legal sense.

What I find funny though, States really don't need to enact new legislation to fix this, they're already on the books. I believe 34 States have either enacted (Colorado, California, and Florida) and 31 have bills or are in working groups. The NCAA is way behind the curve, they should have listened a long time ago.

NCAA Work Group Report
 
#41
#41
If English majors can make all the money they want on the side w/o affecting their scholarship, athletes on scholarship should be able to as well. That has never made sense.
 
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#42
#42
UTwild82 said:
If English majors can make all the money they want on the side w/o affecting their scholarship, athletes on scholarship should be able to as well. That has never made sense.
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Agree, the amount of mental gymnastics the NCAA, schools and insane fans have had to do to justify it.... is crazy. The NCAA is now way behind the curve on this, I would imagine a ton of recruits might start negotiating deals before anything is approved by the NCAA right now. They're not even publishing a proposal until the Fall and I think voting isn't until next year. LOL

This is what I said in 2014, they've had plenty of time to stop the scam.
The sooner they figure out this particular scam is over, the less they will lose.
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Lawsuit against the NCAA regarding amateur status of the players
 
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#43
#43
smokeyz1 said:
Yes they do, but when a school like Bama says you can earn at least $20k/year in endorsements while you wait to go the NFL, it will give them an even bigger advantage than they already have. Our only hope will be their boosters run out of money in a few years.
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Doubtful the Walton family will ever run out of money.

https://www.forbes.com/sites/hayley...he-20-richest-american-billionaires-2020/amp/

At least Wichita State can now buy a better basketball team than Kansas will be able to afford,
 
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#45
#45
LSU-SIU said:
Agree, the amount of mental gymnastics the NCAA, schools and insane fans have had to do to justify it.... is crazy. The NCAA is now way behind the curve on this, I would imagine a ton of recruits might start negotiating deals before anything is approved by the NCAA right now. They're not even publishing a proposal until the Fall and I think voting isn't until next year. LOL

This is what I said in 2014, they've had plenty of time to stop the scam.

Lawsuit against the NCAA regarding amateur status of the players
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I saw someone with an SIU plate here in middle of nowhere, TN. Found it very out of place.
 
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