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re: Northwestern Football players form a Union, who does so first in the SEC?
Posted on 1/28/14 at 1:44 pm to ElysianArmsAlum
Posted on 1/28/14 at 1:44 pm to ElysianArmsAlum
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I wonder if there are tax implications for the players if they are in a union. Will the scholarships, food, medical care all become taxable...very possible
Wow, I hadn't ever thought about the tax issue that would arise from NCAA athletics becoming pro or semi-pro. As for the total compensation, I know for four years at Auburn as an out of state student, my tuition bill alone (if I wasn't on scholarship) would be right at or a little over $100,000. The school estimates a total cost of attendance at around $40,000 for an out of state student, but that has some things like travel to and from home that the school doesn't pay for already. So, assuming they estimated costs correctly and that they would require student-athletes to be especially economic, the total compensation for an out of state would be at least $35,000 a year. Over 4 years, that becomes $140,000.
And yes, I would imagine that all of that would be taxable compensation since the union would make them employees. However, and I'm really curious about this, how would the NCAA react if these players do form an union? The NCAA isn't a government organization, so I'm not sure they have to even recognize the union. Could they just declare the entire team ineligible?
Posted on 1/28/14 at 2:31 pm to DoreonthePlains
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I would imagine that all of that would be taxable compensation since the union would make them employees.
That... and the Schools would quantify the value of the coaching/training/health services the students receive as well. How much is a year of Saban Football Training Camp worth?
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However, and I'm really curious about this, how would the NCAA react if these players do form an union? The NCAA isn't a government organization, so I'm not sure they have to even recognize the union. Could they just declare the entire team ineligible?
The negotiations are going to have to be done at the school level, but then the schools would also have a coalition of schools, so they could all confirm what they are willing to give or not give during negotiations. It would be a really bad thing for one school say to the union during their negotiation session, "We'll give all Dean's List Athletes 10% bonuses, and another 10% bonus for finishing in the Final AP Top 10," if none of the other schools were set on doing that. It could create an unwanted precedent.
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