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Excerpts from the WSJ regarding the Save College Sports Act
Posted on 9/27/26 at 12:31 pm
Posted on 9/27/26 at 12:31 pm
"The GAO estimates that the median college contribution to sports programs per undergraduate student was about $8,500 over the course of a four-year degree. Much of this money, GAO said, was “funded by tuition and fees paid by students,” which “indirectly include federal funds students receive in federal student aid to pay their tuition and fees.”"
College sports (and their athletes) also benefit from enormous tax subsidies. Revenue from ticket sales and TV broadcasts are exempt from federal tax. Colleges don’t pay property tax on stadiums, which are typically built with tax-exempt bonds. Many states are allocating more taxpayer dollars to public universities so they can recruit players, lest their schools fall behind in the bidding wars
My concern is the general population doesn't share the same passion for college sports as those of us here on the board
Ironically, in an attempt by congress and others to 'save' college sports ... the process itself is exposing economic realities that many taxpayers were likely unaware of and may very well shift public opinion from saving college sports to an era of greater accountability & fiscal responsibility for all stakeholders
How does 'average Joe taxpayer' relate to college students making a couple hundred thousand dollars/year tax-free?
My fear is that congress will win the battle but ultimately lose the war
College sports (and their athletes) also benefit from enormous tax subsidies. Revenue from ticket sales and TV broadcasts are exempt from federal tax. Colleges don’t pay property tax on stadiums, which are typically built with tax-exempt bonds. Many states are allocating more taxpayer dollars to public universities so they can recruit players, lest their schools fall behind in the bidding wars
My concern is the general population doesn't share the same passion for college sports as those of us here on the board
Ironically, in an attempt by congress and others to 'save' college sports ... the process itself is exposing economic realities that many taxpayers were likely unaware of and may very well shift public opinion from saving college sports to an era of greater accountability & fiscal responsibility for all stakeholders
How does 'average Joe taxpayer' relate to college students making a couple hundred thousand dollars/year tax-free?
My fear is that congress will win the battle but ultimately lose the war
Posted on 9/27/26 at 12:36 pm to GAT BoilerPickle Doc
quote:
How does 'average Joe taxpayer' relate to college students making a couple hundred thousand dollars/year tax-free?
I have never heard of NIL as tax free.
Room/board/training/therapy/tuition are tax free benefits. Is that what you are referencing?
Posted on 9/27/26 at 1:35 pm to meansonny
Reality is college sports beats to just be put out of its misery. End scholarship athletics, let the NFl, NBA and MLB pay for their own minor leagues and let kids who want to play ball go earn their money in pro minor leagues. If it means they don’t go to college free on scholarship anymore, they can earn enough money in the minor leagues to go after much like one would get from a GI bill if their pro career doesn’t work out.
I have always been a proponent for college athletics, but it has gotten so out of hand and there is no putting the genie back in the bottle.
Let club sports take over and be done with this mess.
I have always been a proponent for college athletics, but it has gotten so out of hand and there is no putting the genie back in the bottle.
Let club sports take over and be done with this mess.
Posted on 9/27/26 at 2:26 pm to Geauxgurt
NIL isn’t going anywhere, but make these guys sign 3 year contracts as freshman and only the school can let them free. The free agency is ruining the sport.
Posted on 9/27/26 at 2:34 pm to GAT BoilerPickle Doc
This thing was dead on arrival, can’t imagine anyone trusting the NCAA with an antitrust exemption.
Posted on 9/27/26 at 2:39 pm to meansonny
quote:
I have never heard of NIL as tax free.
Plenty of places are trying. I think arkansas is one that passed, though you sure as hell wouldn't know it from the results.
Posted on 9/27/26 at 2:42 pm to GAT BoilerPickle Doc
They have to get the money out of it, the university presidents have gotten way to greedy and let college sports get way out of hand. When we go to a football game do we really need the Taylor Swift experience? No, we really don't.
The games would still be amazing with just the band playing, the cheerleaders.. you know the students driving the activities. They would still be amazing with football players who were truly amature, not getting paid millions and you know, actually had to be students.
Wouldn't it be amazing if the football players were actually there to get an education.. wouldn't it be amazing if they were educated enough to actually give a interview like they did in the past?
All things considered, if they level set everything and forced the players to actually be students I don't think the fans would skip a beat. Stadiums would still sell out, it would most likely be a lot more fun than it is today.
Because honestly speaking, today's game sucks balls.
The games would still be amazing with just the band playing, the cheerleaders.. you know the students driving the activities. They would still be amazing with football players who were truly amature, not getting paid millions and you know, actually had to be students.
Wouldn't it be amazing if the football players were actually there to get an education.. wouldn't it be amazing if they were educated enough to actually give a interview like they did in the past?
All things considered, if they level set everything and forced the players to actually be students I don't think the fans would skip a beat. Stadiums would still sell out, it would most likely be a lot more fun than it is today.
Because honestly speaking, today's game sucks balls.
Posted on 9/27/26 at 2:56 pm to forkedintheroad
quote:
Plenty of places are trying. I think arkansas is one that passed, though you sure as hell wouldn't know it from the results.
NIL is name, image, and likeness.
There is zero way to make that tax free and to keep uniformity and equal enforcement.
Tax free would be illegal. State. Federal. It doesn't matter.
Posted on 9/27/26 at 3:34 pm to GAT BoilerPickle Doc
Every dollar of profit from college sports that does not defray the operation costs of the respective institution should be taxed as income. College sports is a huge tax shelter for the institutions that actually make money.
NIL is personal income. Some states don't have personal income taxes. NIL isn't taxed by those states, but it is taxed federally.
NIL is personal income. Some states don't have personal income taxes. NIL isn't taxed by those states, but it is taxed federally.
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