Nico to UCLA?

[columbia vol]

First, they are not going to defer any of the money to avoid taxes. His family needs the money to live on. The money is earned in California and he will be living there. He’s going to have to CA state taxes.

Good, it’s kinda of like people moving to our state because of “high taxes” and then vote to make it just like they come from. Choices have consequences

 

[Budalicious]

Reports are actually that UCLA isn't giving him what he wants, so less money, and is "standing firm" (their words) on the offer. I wouldn't quite say Nico to UCLA yet considering how idiotic their side has played this whole thing.

I totally agree. UCLA signed a quarterback in the winter portal for 1.2 million A They are not paying over 1.5 million . After taxes and the cost of living, he will be lucky to make 500k He was on a 10 and two playoff team. There he will be playing in a lower tier, Big 10. 5 or 6 wins maybe.

 

[Remy]

Is it possible for him to claim residency elsewhere than the LA area and escape the LA taxes? Just curious, I’ve no knowledge of this but it would make sense that an NIL group paying him might be able to find some way to help him escape those high taxes. Although, he is California resident anyway right?

As said, I’ve no knowledge on how this situation works bc I’ve never made anywhere close to this type of money in 1year, but in my experience big money usually finds a way to mitigate financial loss through taxes.

No, Cali has a state income tax and they tax athletes closely. If you roll into LA to play the Lakers and you're with the Memphis NBA team, they tax your income for the games you play in California. It's the California Tax Franchise Board. I'm very familiar with them after paying taxes there for about 15 years, moved to Vegas and gave myself a super bonus, then had to pay Nevada car insurance rates which were through the roof at the time. Why? Because Nevada has 7X24 open liquor stores and the insurance companies convince the legislature that's cause for super high rates.

 

[SNAFU]

So if he wasn’t happy with the scheme, the oline and receivers at TENN, he and pops outta luv UCLA! What an upgrade.

 

[volbound1700]

Just saw on 24/7 that UCLA has made the Nico camp an offer but, haven’t heard back yet. They also brought up that UCLA brought in the App. St. QB for $1.3m. NIL

Maybe we can just trade and UCLA can have Nico and we get the App. St. QB.

I would take that as a win.

 

[Dadof2Vols]

Says it wasn’t about money but the offense. Full spin mode. Lol

Wonder why he wasn’t demanding they spend 2m on receivers and OL instead of giving the 2m to him.

I guess I just don’t under the logic of Californians….

 

[FranklinVFL]

I wonder if Nico and his camp realize they have to go back to Columbus next season for another beating. Probably not, considering his processing speed is Internet Explore-slow

His “camp” will tell him not to play due to injury risk.

 

[pimo1]

They are in the big ten now I believe. Some pretty decent teams there.

Also a lot of terrible teams....including recent UCLA

 

[DirtyDawg]

First, they are not going to defer any of the money to avoid taxes. His family needs the money to live on. The money is earned in California and he will be living there. He’s going to have to CA state taxes.

If his family needs that money to live on after the pay he has already received then that represents a whole new level of irresponsibly. Surely the few million he has already received should cover their financial situation for quite awhile, right?

Then again, I suppose it’s possible that the old cliche saying “a fool and his $ are soon parted” could certainly be an issue. If that is the case, I have very little empathy for them. Honestly though, after the Nico camp’s recent decisions, it wouldn’t be a huge surprise to me.

 

[wmcovol]

He’ll be in the portal again in December.

The dream of going to the NFL next year has most likely been delayed a year.

 

[KnoxCentral92]

1.5. Is the number. And 200k for a natty in volleyball. Just a guess. But most realistic scenario. Lol

 

[The_Dude]

I wish UCLA luck with that. I guess they didn't learn after the thing with his little brother.

Post of the day right here!

 

[bpalmer28]

we’re going to have a cinderella season aren’t we?

 

[UCLADal]

If he has a decent season, he'll shop himself again. Hopefully the Bruins win more games last season regardless of who's playing QB.

 

[DirtyDawg]

No, Cali has a state income tax and they tax athletes closely. If you roll into LA to play the Lakers and you're with the Memphis NBA team, they tax your income for the games you play in California. It's the California Tax Franchise Board. I'm very familiar with them after paying taxes there for about 15 years, moved to Vegas and gave myself a super bonus, then had to pay Nevada car insurance rates which were through the roof at the time. Why? Because Nevada has 7X24 open liquor stores and the insurance companies convince the legislature that's cause for super high rates.

Lol, wow. I had no idea. Lobbyists are the worst! Thanks for sharing, that’s very interesting.

 

[landscapingvol]

1.5. Is the number. And 200k for a natty in volleyball. Just a guess. But most realistic scenario. Lol

You lost me at 200k for volleyball

 

[Jax_Vol]

Buh Bye

 

[Vol-e-ball]

I'm looking forward to UCLA and Ohio State play in November.

Nico's VENGEANCE game!!!

 

[Casual Mustard Yeeter]

Chris Low is saying that the deal isn't done, yet.

 

[Vol737]

Fool me three times, eff the piece sign, load the choppers, let it rain on you.

What was the offer? Been working all day and haven’t seen a thing till now.

 

[KnoxCentral92]

You lost me at 200k for volleyball

Prob..but hes better at volleyball. Lol

 

[SpaceCoastVol]

Nico realized he could not cut it in the sec

But he'll be awesome in the NFL

 

[wrangler]

Wonder why he wasn’t demanding they spend 2m on receivers and OL instead of giving the 2m to him.

I guess I just don’t under the logic of Californians….

Assumes a fact not in evidence.

 

[SpaceCoastVol]

I’m sure a few will be exiting.

Any of them worth anything?

 

[Vol737]

No, Cali has a state income tax and they tax athletes closely. If you roll into LA to play the Lakers and you're with the Memphis NBA team, they tax your income for the games you play in California. It's the California Tax Franchise Board. I'm very familiar with them after paying taxes there for about 15 years, moved to Vegas and gave myself a super bonus, then had to pay Nevada car insurance rates which were through the roof at the time. Why? Because Nevada has 7X24 open liquor stores and the insurance companies convince the legislature that's cause for super high rates.

I think a lot of states that have an income tax make pro athletes pay the tax when they come to town to play games. Cali isn’t the only one, but I bet it just hurts more.