Sad thing about the portal & NIL

cydsho

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If a kid is making $1-2 million a year, are they really going to go to class?
If the NCAA really wants to address NIL, they need to really crack down on athletes completing the necessary school work.
And I almost died laughing typing this out........
 

qwerty

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I also think there will be some blue blood programs that will suffer due to their kids losing focus or being resentful of teammates. (Yes I'm looking at you Tejas.) In the mean time NIL will continue to have a negative impact on college athletics IMO.
How will all of this transferring impact GPA and graduation rates of teams? NCAA still has regulations for those on the books. You would think those will get blown up with all of the transferring.
 

randomfan44

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Oh silly boy. I know first hand of many businesses that would spend profits at the end of a year in order to not pay taxes.

Example - Owner of car dealership and huge local university bb fan is showing $200,000 profit. He hates paying taxes so he decides to sign a NIL deal with a university athlete to have the athlete "advertise" his dealership because he'd rather that money go to keeping his favorite sports team good than give the government more tax money.

I get calls about "what can I buy so I don't have to pay taxes this year" from probably 75% of my business clients every December.
Which is an "issue" the majority of businesses have to handle. But there is a limit to it. And if some of that money goes to some kid who is playing basketball, cool. Better than buying stuff for the owner's family members and writing them off as "business expenses".
 

randomfan44

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If a kid is making $1-2 million a year, are they really going to go to class?
If the NCAA really wants to address NIL, they need to really crack down on athletes completing the necessary school work.
And I almost died laughing typing this out........
Who is cracking down on whether or not regular students get their drunk asses out of bed to go to class?
 

Bestaluckcy

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I have always asked farmers ( or others but I see more farmers) if they really needed to trade equipment or if it was for tax reasons. If taxes, I’d ask if they understood that 60% of that is still coming out of their cash.
Another interesting thing is many of these same farmers are being subsidized by taxpayers. Weird how they think it is a zero sum game.
 
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Cyclones1969

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VeloClone

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I have always asked farmers ( or others but I see more farmers) if they really needed to trade equipment or if it was for tax reasons. If taxes, I’d ask if they understood that 60% of that is still coming out of their cash.
I have a buddy who owns his own business who contributed to a charity years ago. We thought it was great but as he talked about it he said things like "I could give a $1000 to the government or support (the charity) with it." Okay, that's fine. But the more he talked about it, the more it became apparent that he thought that every dollar he contributed to the charity would be one dollar less in taxes he would be paying. It took several of us to make him understand that you only got partial credit on your taxes for monies you give to charities. It took him a while to understand and I consider him a pretty smart guy.
 
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BCClone

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Not exactly sure.
I have a buddy who owns his own business who contributed to a charity years ago. We thought it was great but as he talked about it he said things like "I could give a $1000 to the government or support (the charity) with it." Okay, that's fine. But the more he talked about it, the more it became apparent that he thought that every dollar he contributed to the charity would be one dollar less in taxes he would be paying. It took several of us to make him understand that you only got partial credit on your taxes for monies you give to charities. It took him a while to understand and I consider him a pretty smart guy.
Many business owners don’t understand tax fundamentals, much to their detriment
 

Clonefan32

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I guess someone agrees with me. They might know a little more on the subject than some keyboard warrior living in his parents basement.

Yes, because there's no ulterior motive that a high level college football coach could want for getting rid of NIL. I'm sure it has nothing to do with a leveled playing field at all, and it's all about looking out for the student athlete...

Take a look at some of Dabo's other quotes then come back.
 
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BryceC

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I guess someone agrees with me. They might know a little more on the subject than some keyboard warrior living in his parents basement.

Dabo has been against literally everything, including cost of attendance scholarships, which might be the biggest no brainer in history.

 

FriendlySpartan

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Yes, because there's no ulterior motive that a high level college football coach could want for getting rid of NIL. I'm sure it has nothing to do with a leveled playing field at all, and it's all about looking out for the student athlete...

Take a look at some of Dabo's other quotes then come back.
100% this.
When dabo/saban were dominating with their entire roster full of 5 stars they loved the system. Now that they are losing recruits to other school and having a bunch of guys transfer they suddenly hate the system in place. Totally self serving.
 
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randomfan44

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I have a buddy who owns his own business who contributed to a charity years ago. We thought it was great but as he talked about it he said things like "I could give a $1000 to the government or support (the charity) with it." Okay, that's fine. But the more he talked about it, the more it became apparent that he thought that every dollar he contributed to the charity would be one dollar less in taxes he would be paying. It took several of us to make him understand that you only got partial credit on your taxes for monies you give to charities. It took him a while to understand and I consider him a pretty smart guy.
"I spent $1000 to avoid paying $300 in taxes" gets a lot of people.
 
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