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re: A fix (maybe an easy one) to all this mess...PLAYER accountability
Posted on 9/28/17 at 3:52 pm to threedog79
Posted on 9/28/17 at 3:52 pm to threedog79
quote:
agree and disagree. If I accept money for a service and do not claim as income am I good (in the professional world I live in)? If I go to university A and score 30 points a night because I was given 100K to go there, am I good? Seems to me that is taxable income. Thus has to be claimed.
Awww hell, now we gotta get lawyers involved. Like agents and the NCAA weren't dirty enough
You're right of course. A smart program would have multiple persons contributing "gifts" under the $14k/year max, or whatever it is now
1
Posted on 9/28/17 at 3:54 pm to threedog79
So you're asking 16-17 yr old kids to be responsible enough to not take a million dollar carrot dangled I front of their face. Hey how about grown arse men quit doing this to teenage boys and make it against the rules for kids to speak to agents until after they leave college athletics.
Posted on 9/28/17 at 3:54 pm to Vecchio Cane
quote:
You're right of course. A smart program would have multiple persons contributing "gifts" under the $14k/year max, or whatever it is now
and then folks would be screaming for tax law to be amended to exclude amateur athletes from the 14k gift and yada yada yada
slippery slope
Posted on 9/28/17 at 3:54 pm to threedog79
Legally this makes no sense.
Posted on 9/28/17 at 3:58 pm to threedog79
Players already lose eligibility if these things are proven. Problem is, most players know perfectly well that this is a consequence and rarely say anything before it's a moot point (i.e. no longer playing at the collegiate level.) That's part of the reason the NCAA so rarely manages to catch a scheme in the act (so to speak) and are usually following up on something that happened years back.
The prosecution angle exists, but since the outliers -- tens or hundreds of thousands of dollars -- are comparatively rare, it's hard to prosecute because income under a certain amount isn't subject to taxation. Those hundred dollar handshakes wouldn't even wake up the local IRS agent, let alone spark an investigation.
The prosecution angle exists, but since the outliers -- tens or hundreds of thousands of dollars -- are comparatively rare, it's hard to prosecute because income under a certain amount isn't subject to taxation. Those hundred dollar handshakes wouldn't even wake up the local IRS agent, let alone spark an investigation.
Posted on 9/28/17 at 3:59 pm to randomways
not to mention the IRS is one of the most understaffed divisions of government
Posted on 9/28/17 at 4:02 pm to cas4t
quote:
not to mention the IRS is one of the most understaffed divisions of government
There's definitely that too. Feels like this wasn't always the case, but having scrupulously avoided sending up any red flags since I started earning a living, especially since I have an uncle who...didn't avoid that, I can't speak from experience.
Posted on 9/28/17 at 4:03 pm to randomways
So to make sure I have this correct:
Rather than allow these adults to receive money like literally any other person their age, we're going to, rather than take away amateur status solely, prosecute them legally in the name of "amateur athletics"?
lol
Rather than allow these adults to receive money like literally any other person their age, we're going to, rather than take away amateur status solely, prosecute them legally in the name of "amateur athletics"?
lol
Posted on 9/28/17 at 4:05 pm to labamafan
quote:
So you're asking 16-17 yr old kids to be responsible enough to not take a million dollar carrot dangled I front of their face. Hey how about grown arse men quit doing this to teenage boys and make it against the rules for kids to speak to agents until after they leave college athletics.
So long as these grown arse men makes millions doing it, its going to keep happening. Limit the money in pros, you limit the money they have to fork out for shite like this.
Boycott proball and related apparel
Posted on 9/28/17 at 4:05 pm to Quicksilver
quote:
So to make sure I have this correct:
Rather than allow these adults to receive money like literally any other person their age, we're going to, rather than take away amateur status solely, prosecute them legally in the name of "amateur athletics"?
lol
You may have that correct, but not from anything I said. I never made such a statement, nor do I agree with it.
Posted on 9/28/17 at 4:07 pm to randomways
sorry, was replying to op
Posted on 9/28/17 at 4:14 pm to Quicksilver
quote:.
Rather than allow these adults to receive money like literally any other person their age, we're going to, rather than take away amateur status solely, prosecute them legally in the name of "amateur athletics"?
Did these adults claim it as income like any other adult? If they did they are done as an amateur athlete. If they did not then they should be prosecuted.
Posted on 9/28/17 at 4:19 pm to threedog79
quote:
Did these adults claim it as income like any other adult? If they did they are done as an amateur athlete
Not exactly. Each sport has a different standard for being classified as "amateur". Some sports have a standard of NO INCOME. Others, like golf, have limits on the value of prizes you can get in cash and merchandise.
Again, another sticky situation that could lead to another slippery slope
Posted on 9/28/17 at 4:20 pm to labamafan
quote:
Hey how about grown arse men quit doing this to teenage boys and make it against the rules for kids to speak to agents until after they leave college athletics.
Couldn't agree more. But ask Chuck Person if they are not (at least now) holding these grown arse men accountable.
Posted on 9/28/17 at 4:24 pm to threedog79
quote:
Did these adults claim it as income like any other adult?
I know this will blow your mind... most of these kids are 17 while sr's in high school. Your solution is to go after minors for tax evasion
Posted on 9/28/17 at 4:27 pm to threedog79
What do you do with momma and daddy with their hands out from the time they baby show the first sign of talent? Parents start cashing in on their kids at an early age in the AAU circuit around Montgomery, and have been for YEARS.
Kids are well educated, their parents are educated, their HS coaches are educated.
Kids are well educated, their parents are educated, their HS coaches are educated.
Posted on 9/28/17 at 4:53 pm to RT1941
There are no simple solutions.
Most of the complex rules came about because of obvious ways to get around the issues..
Example:
Every person can legally give another person $14,000 without it being taxable.
If you have 30 boosters each give a recruit $14,000, not only is it LEGAL, he doesn't have to file taxes on it. It's not income. It's a "Gift"
It's like trying to stop drug dealers by arresting drug users. It doesn't work at all.
Most of the complex rules came about because of obvious ways to get around the issues..
Example:
Every person can legally give another person $14,000 without it being taxable.
If you have 30 boosters each give a recruit $14,000, not only is it LEGAL, he doesn't have to file taxes on it. It's not income. It's a "Gift"
It's like trying to stop drug dealers by arresting drug users. It doesn't work at all.
Posted on 9/28/17 at 5:33 pm to Quicksilver
quote:
sorry, was replying to op
Ah, okay. I was puzzled at how you could have interpreted my post thusly.
Posted on 9/28/17 at 5:43 pm to threedog79
You're an idiot and have terrible ideas. How about the NCAA treat these kids like the employees they are? Why do we rarely hear about these scandals at the pro level? Its because they're paid market value for their skills
Posted on 9/28/17 at 6:36 pm to threedog79
Or just let players make money.
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