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re: Breaking News: NCAA to allow players to be paid for names, images, likeness
Posted on 10/29/19 at 3:22 pm to craigbiggio
Posted on 10/29/19 at 3:22 pm to craigbiggio
quote:
Death knell for Bama
Alabama is a national brand. If this had been passed 10 years ago, Alabama would have been screwed.
This helps teams that have built that national brand way more. Alabama, Clemson, Ohio State will all benefit leaps and bounds by it.
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Posted on 10/29/19 at 3:22 pm to ColoradoAg
quote:
One point I saw brought up on a different board is that this will be the end of the small market schools. Those with less than P5 budgets were already having a hard time competing, and with all the extra administration costs and staff this will bring, a lot of smaller schools will just close down athletic programs instead of dealing with the extra costs and headaches. It will be the end of college sports, and only the big boys will compete in a NFL,NBA, MLB type of training league
That means a lot fewer fans to watch college football!
Posted on 10/29/19 at 3:26 pm to skrayper
quote:
Alabama is a national brand. If this had been passed 10 years ago, Alabama would have been screwed. This helps teams that have built that national brand way more. Alabama, Clemson, Ohio State will all benefit leaps and bounds by it.
I think if anything, the mid to top tier P5 programs will all benefit the same if it's regulated how I imagine it may be. If we look at just football, I would imagine all the mid to top tier P5 programs will become more powerful, and we'd see lower-tier and non P5 programs take a huge hit in terms of the talent they are able to attract.
Posted on 10/29/19 at 3:28 pm to AUNashville
quote:
I think if anything, the mid to top tier P5 programs will all benefit the same if it's regulated how I imagine it may be. If we look at just football, I would imagine all the mid to top tier P5 programs will become more powerful, and we'd see lower-tier and non P5 programs take a huge hit in terms of the talent they are able to attract.
So that means realignment all over again?
This post was edited on 10/29/19 at 3:31 pm
Posted on 10/29/19 at 3:28 pm to ColoradoAg
quote:
a lot of smaller schools will just close down athletic programs instead of dealing with the extra costs and headaches.
Plus, if Power 5 schools start to exclusively play Power 5 schools, then you'll see a lot of money dry up in the Group of 5. Schools at that level already operate in the red. Add another potential bureaucracy within those ADs and you'll probably see some programs close up.
Posted on 10/29/19 at 3:29 pm to AUNashville
quote:
My guess in the NCAA will regulate it through the schools. There will be a cap amount per player, and any money made from image or likeness must be linked to the school. In other words, for a player to be paid, someone (say Coca-Cola) must go to the AD and say they want an athlete or athletes to be in a commercial. The athletes will then earn money from that, and it will be paid to them through the school. A player won't be allowed to independently profit from their image...it must be their image in relationship to the school they attend.
I’m willing to say that this is not at all what will happen. The players will not be able to be paid through the school.
Much like Ed Orgeron has a deal with Raising Cane’s that doesn’t have anything to do with LSU players will be able to something similar. Or in the case of say Joe Burrow he could make shirts that say “Burreaux” or something similar and sell the shirts.
Posted on 10/29/19 at 3:32 pm to civiltiger07
quote:
Much like Ed Orgeron has a deal with Raising Cane’s that doesn’t have anything to do with LSU players will be able to something similar. Or in the case of say Joe Burrow he could make shirts that say “Burreaux” or something similar and sell the shirts.
Booster gives Burrow 5k per autograph on some memorabilia. Can the NCAA regulate that?
I think regulation is going to have to be implemented, but it’s going to be really messy.
Posted on 10/29/19 at 3:34 pm to RB10
Why should it be regulated? If someone wants to do what you described go for it. Guess what: it’s probably already happening. Only difference now is the players will have to pay taxes on it.
Posted on 10/29/19 at 3:37 pm to Jeb Busch Lite
This could get really complicated for tax purposes. Let's say there is a huge recruit in Antioch, California which is where Najee Harris is from. Let's say there is a Bama fan that runs a business there and wants to use Najee to "entice" another Antioch player. They pay najee 50k... I could be wrong, but I believe Najee would have to file a tax return in California for those funds.
The only logical way any of this works is if the Universities maintain a middleman type role to pay the players. They could take a cut for administrative purposes to pay for all the new accounting and compliance stuff it will cost.
I think the NCAA says screw you guys and takes their ball and goes home. This is the end of all amateur sports and college sports as a whole.
Good thing is maybe we will focus on learning more
The only logical way any of this works is if the Universities maintain a middleman type role to pay the players. They could take a cut for administrative purposes to pay for all the new accounting and compliance stuff it will cost.
I think the NCAA says screw you guys and takes their ball and goes home. This is the end of all amateur sports and college sports as a whole.
Good thing is maybe we will focus on learning more
This post was edited on 10/29/19 at 3:38 pm
Posted on 10/29/19 at 3:39 pm to civiltiger07
quote:
Why should it be regulated? If someone wants to do what you described go for it. Guess what: it’s probably already happening. Only difference now is the players will have to pay taxes on it.
This is exactly why is should be regulated. The whole point is the players are getting fricked because they don’t make a bunch of money. Well, these new rules are allowing boosters to pay them a ridiculous amount for what will ultimately be for their play, and then they’re going to get taxed out the arse.
They were better off keeping the 1K handshakes.
Posted on 10/29/19 at 3:43 pm to RB10
quote:
They were better off keeping the 1K handshakes.
Probably so but adults like Lebron James wanted this to happen so here it is.
I don’t see why the fact the taxes have to be paid is a reason this should all be regulated.
This post was edited on 10/29/19 at 3:45 pm
Posted on 10/29/19 at 3:48 pm to bigDgator
quote:
This is going to be a shite show. The IRS will be shooting fish in a barrel.
And agents will be trolling Pop Warner and Municipal Park teams to hook them up before Junior High.
Posted on 10/29/19 at 3:53 pm to civiltiger07
quote:
I don’t see why the fact the taxes have to be paid is a reason this should all be regulated.
The last thing the NCAA and it’s members will want is IRS audits because the kids don’t know what to do, or worse, investigations into tax fraud when that inevitable day comes when some kid was trying to hide income. At the very least they will need to retain advisors for this. At worst, cap the income.
Regulation would at least help with that.
This post was edited on 10/29/19 at 3:54 pm
Posted on 10/29/19 at 3:57 pm to RB10
Not everyone that leaves high school goes to college. Plenty of 17 and 18 year olds all across the country figure out taxes. Hell many that are in college have jobs and figure out this tax thing. Why do you think athletes won’t be able to do it?
Posted on 10/29/19 at 4:05 pm to civiltiger07
quote:
Not everyone that leaves high school goes to college. Plenty of 17 and 18 year olds all across the country figure out taxes. Hell many that are in college have jobs and figure out this tax thing. Why do you think athletes won’t be able to do it?
You’re right. The college athletes that would be making enough money to matter routinely display impeccable decision making skills and should be wholly trusted to handle this on their own.
Posted on 10/29/19 at 4:11 pm to RB10
Sorry but I’m in favor of not regulated what an individual can make, and the only requirement for that is you have to pay your taxes.
Should we limit Zion Williamson’s pay because he is an athlete and only 19? What if Zion doesn’t pay his taxes?
Should we limit Zion Williamson’s pay because he is an athlete and only 19? What if Zion doesn’t pay his taxes?
Posted on 10/29/19 at 4:16 pm to yatesdog38
quote:
Overnight they might not turn into powerhouses, but you have to think about purchasing power and market concentration.
20 Memphis businesses can pay their QB 5k to use in an advertisement and that's 100k.
it is going to be difficult to find 20 businesses in starkville to do the same it will have to extend outward across the state and that will be more difficult to execute than it would be in a big city
I mean Miss State has always been shite
So this won’t change much
And Memphis meh...
I’m talking about actual big markets
Posted on 10/29/19 at 4:16 pm to civiltiger07
quote:
Sorry but I’m in favor of not regulated what an individual can make, and the only requirement for that is you have to pay your taxes.
You do realize that regulations could be something like “Any school who has athletes making 100K in total revenue will have to provide financial counseling”. This could become an effective rule to continue being a member institution.
It’s doesn’t necessarily mean a cap on the actual income, even though that would be the easiest way to maintain control of it.
Posted on 10/29/19 at 4:24 pm to civiltiger07
quote:
I’m willing to say that this is not at all what will happen. The players will not be able to be paid through the school. Much like Ed Orgeron has a deal with Raising Cane’s that doesn’t have anything to do with LSU players will be able to something similar. Or in the case of say Joe Burrow he could make shirts that say “Burreaux” or something similar and sell the shirts.
I think the company would have to go through the school in order to approach a player like that. I'm not sure how it works now, but I wouldn't be surprised if companies such as Raising Cane's had to get some sort of approval from LSU before partnering with EO. I could certainly be wrong, but regulating it through a schools AD doesn't seem like a drastic measure to me.
This post was edited on 10/29/19 at 4:25 pm
Posted on 10/29/19 at 4:25 pm to RB10
Why can’t a player making 100k hire their own financial council?
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