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What would you choose, 50K and pay taxes or 250K and pay no taxes?

Posted on 10/1/19 at 11:08 pm
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54630 posts
Posted on 10/1/19 at 11:08 pm
A 4 year academic scholarship may be worth 250K upfront (and much more on the back end in added annual earnings) but can not be divided so no tax paid.

If you pay players that will be taxable in addition to agents and lawyers slicing off their pound of flesh.
Posted by sand mountainDvalues
Member since Oct 2018
8718 posts
Posted on 10/1/19 at 11:09 pm to
A degree in general studies and African american history is not worth 250k old man
Posted by Robert Goulet
Member since Jan 2013
9999 posts
Posted on 10/1/19 at 11:10 pm to
The more taxes the better. People need to pay their fair share and #feelthebern
Posted by CrabInMyShoeMouth
Member since Jul 2016
2486 posts
Posted on 10/1/19 at 11:12 pm to
There is a such thing of taxable scholarships when the scholarship exceeds qualified expenses. Athletes not filing taxes wouldn't be the riskiest assumption since they aren't allowed to have W2/1099 compensation.
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54630 posts
Posted on 10/1/19 at 11:16 pm to
If you get a free ride and get a dumb degree that is on you. If I get the free ride I am getting the most valuable degree I can.
Posted by Robert Goulet
Member since Jan 2013
9999 posts
Posted on 10/1/19 at 11:17 pm to
quote:

f I get the free ride I am getting the most valuable degree I can.


That sounds pretty easy, why didn't you go that route?
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54630 posts
Posted on 10/1/19 at 11:24 pm to
If you attended a school without athletic scholarships hard to get one for playing sports.
Posted by sand mountainDvalues
Member since Oct 2018
8718 posts
Posted on 10/1/19 at 11:24 pm to
Well they are not getting free rides due to their exceptional academic work
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54630 posts
Posted on 10/1/19 at 11:27 pm to
I know several who used athletic scholarships for graduate school and had a job when the pro career was done.
Posted by Tpayne99
Da Bayou
Member since Jan 2019
1028 posts
Posted on 10/2/19 at 5:15 am to
You can’t get an accounting degree, if you’re at a 3rd grade math level. Athletes get moved through schools bc of their athletic skills. Some of these kids only chance is sports or manual labor.
Posted by pvilleguru
Member since Jun 2009
60453 posts
Posted on 10/2/19 at 6:01 am to
Why is this an either/or question?
Posted by Oilfieldbiology
Member since Nov 2016
37486 posts
Posted on 10/2/19 at 6:28 am to
Why would they pay taxes on the scholarships? The schools aren’t paying them, private individuals are.

I swear some of you people just cannot seem to help yourselves. Most people don’t want the schools to pay players, they want players to be make money off of their own private likeness (sponsorships and marketing deals) and still play at NCAA schools
Posted by craigbiggio
Member since Dec 2009
31805 posts
Posted on 10/2/19 at 6:37 am to
quote:

A 4 year academic scholarship may be worth 250K upfront


Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 10/2/19 at 6:46 am to
quote:

I get the free ride I am getting the most valuable degree I can.

If you’re a top ranked football player they are going to make you get a dumb degree with the least strenuous schedule
Posted by DawgsLife
Member since Jun 2013
58905 posts
Posted on 10/2/19 at 7:01 am to
quote:

If you attended a school without athletic scholarships hard to get one for playing sports.



If the school wants a player they get them a scholarship.
It might be academic, citizenship.....but they find money for a player they want. I would be willing to bet that most players in the Ivy League have some type of financial assistance that covers most if not all of their expenses. I know of a kid that went to an Ivy League school to wrestle,and he got money.
Posted by J2thaROC
Member since May 2018
13012 posts
Posted on 10/2/19 at 7:04 am to
quote:

If you pay players that will be taxable in addition to agents and lawyers slicing off their pound of flesh.


An agent or lawyer is not needed for the type of payments that is being discussed here. Stop with these ignorant arguments that has nothing to do with what is being argued.
Posted by DawgsLife
Member since Jun 2013
58905 posts
Posted on 10/2/19 at 7:07 am to
He's probably not too far off. Duke tuition is about $40,000 a year, then when you factor in food, books, dorm and stipends....

And it's not just Duke...count Stanford, UCLA, Cal, Northwestern, GT...

Most public schools wouldn't be that high, though, I wouldn't think.
Posted by DawgsLife
Member since Jun 2013
58905 posts
Posted on 10/2/19 at 7:11 am to
quote:

An agent or lawyer is not needed for the type of payments that is being discussed here. Stop with these ignorant arguments that has nothing to do with what is being argued.


It depends, doesn't it? Would all athletes be paid the same? If so, there will be a backlash that bench players are being paid the same as a Bo Jackson or Herschel Walker type player.

If they are not paid the same, then someone would have to negotiate the price.

Then, if you pay the football players, the other sports are going to want their players to be paid. Soccer, Lacrosse, basketball, baseball....all of them.

If all of this happens you will see a dramatic decrease in the number of sports being offered at colleges. It just wouldn't be feasibly possible.
Posted by Che Boludo
Member since May 2009
18181 posts
Posted on 10/2/19 at 7:52 am to
quote:

Most public schools wouldn't be that high, though, I wouldn't think.
The average SEC cost (out of state) for tuition and fees is $29k. Factor in $10k for living expenses and you are right around the $40k # you mentioned.

Then, you have to account for quality of living and other amenities and perks that student-athletes receive over your typical student: health services, tutoring/academic assistance, food/supplements, personal trainers, priority classes, better dorms, etc. These all add to the value of their scholarships. Plus, stipends they receive for other living expenses

Plus, we are neglecting the fact that the NCAA, conferences, coaches and schools add to the value of a "person's individual likeness." It is essentially a unique promotional package for the "player" that includes a varied degree of exposure and opportunity. How does that factor into the value of a college athletes likeness, do they need to pay their cut on that promotion?

I am for the players being able to profit more as individuals, but do not like the condition it creates for exploitation, gray area and abuse. There are reasons the current rules exist, and yes, the rules do need to evolve. Hell, athletic scholarships led to the first real reform in college athletics, as many institutions thought that was "pay for play" and diluted the student-athlete design.

I'd rather see percentages of revenue distributed on the backend of their college years or perhaps even annually... based on merchandise sales and other marketing items directly reflecting an individuals likeness; plus, an equal distribution by sport based on revenue generated.

If the player was popular and talented enough in school, they will still have a market after school for other efforts. But, keeping the $100 dollar handshakes under the table is prefferred to guarantees of $1000s in potential endorsement deals if a player attends a certain boosters prefferred school, which is directly where this will lead. HS kids will need agents to consult with before national signing day, as it literally becomes a business decision.
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54630 posts
Posted on 10/2/19 at 8:39 am to
quote:

Most public schools wouldn't be that high, though, I wouldn't think.


In state no, but out of state you get jacked

Johns Hopkins is about 68K per year = 272 (B1G school for lacrosse and others)
Duke is 68K per year = 272 (ACC)
Georgetown is 68K per year = 272 (Big E)
Northwestern is 69K per year = 276 (B1G)
Southern Cal is 69K per year = 276 (PAC)
SMU is 69K per year = 276 (CUSA)
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