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re: New bill to allow athletes to get paid.
Posted on 2/4/21 at 2:57 pm to lsufball19
Posted on 2/4/21 at 2:57 pm to lsufball19
quote:
Gonna be entertaining seeing a bunch of young and ignorant student athletes getting audited once they start receiving real money and not understanding they have to pay taxes on it. They don't have to worry about paying taxes on the money given to them under the table
Eh, the way these Universities hold student athletes' hands, I'm sure they'll be fully aware....hell, they'll probably start including an H&R Block in the football facilities.
Whether or not they follow through on paying taxes is another story. I have no issue with players getting endorsements. I'm actually hoping that they can work it into the system where if a kid opts out, then his endorsement payments stop as well. That would hopefully buck that trend real quick.
quote:
I don't know about LSU, but I'm pretty sure that somewhere on campus in Tuscaloosa there are professors who teach classes in tax law. Saban brings in experts to counsel players about dealing the media, transitioning to professional life, etc., etc. I'm sure we'll have this covered also. Orgeron, however?
Exactly. Our AD has already hired someone within the athletic department solely to work with student athletes on branding and endorsements. It's silly to think they won't have someone also giving them financial advice on their income.
This post was edited on 2/4/21 at 3:05 pm
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Posted on 2/4/21 at 3:03 pm to HogX
Really, it's just like the wide-open spread offense, and Saban asking, "is this what we want the game to become?"
Do you want to expand the playoffs to 8 teams? Fine. Watch Saban get his 10-2 Bama team in at #8 and win it all. Want to go to 16? Fine. Watch Bama make the playoffs 15 years in a row.
Want to start letting kids make money off NIL? Fine. Watch Mercedes start giving every Alabama player $20,000 and a Mercedes to drive in exchange for showing up at the dealership a couple of times a year.
"Is this what we want the game to become?"
Do you want to expand the playoffs to 8 teams? Fine. Watch Saban get his 10-2 Bama team in at #8 and win it all. Want to go to 16? Fine. Watch Bama make the playoffs 15 years in a row.
Want to start letting kids make money off NIL? Fine. Watch Mercedes start giving every Alabama player $20,000 and a Mercedes to drive in exchange for showing up at the dealership a couple of times a year.
"Is this what we want the game to become?"
This post was edited on 2/4/21 at 3:04 pm
Posted on 2/4/21 at 3:07 pm to HogX
quote:
I'm actually hoping that they can work it into the system where if a kid opts out, then his endorsement payments stop as well. That would hopefully buck that trend real quick.
If they let kids sign deals, those deals would have contracts signed with the business and player. This opting out shite may stop if it would constitute a breach of their contract.
Posted on 2/4/21 at 3:12 pm to BFANLC
They can get paid already.
They just can't play college football at the same time.
They just can't play college football at the same time.
Posted on 2/4/21 at 3:14 pm to BamaGradinTn
quote:
I don't know about LSU, but I'm pretty sure that somewhere on campus in Tuscaloosa there are professors who teach classes in tax law. Saban brings in experts to counsel players about dealing the media, transitioning to professional life, etc., etc. I'm sure we'll have this covered also.
Don't believe they can legally give them tax advice, though, just like HR at your job can't. They can try to implore them to seek tax advice and why, but that's still also leaving a wet behind the ears kid with the responsibility of actually doing it. They have a hard enough time making it to all their classes as is. I'm not arguing that they won't receive any guidance. I can just see a lot of players running into a lot of trouble, especially the ones who may wash out before earning anything of significance in pro ball. It ultimately falls on them and shouldn't be a deterrent to allowing them to make a profit of their names, but just something I've thought about. Maybe it will just be a new normal hearing about senior football Player A getting charged with tax evasion while still in school.
Posted on 2/4/21 at 3:14 pm to BFANLC
Once they make it legal to pay them, Saban can safely retire.
Posted on 2/4/21 at 3:17 pm to Hidden Tiger
quote:
as a former ncaa athlete there should be changes, but flat out paying players more under the public guise that there is currently no payments is wrong.
It always warms my heart when people express that they know better than the free market what someone should be paid.
Posted on 2/4/21 at 3:21 pm to Dstllsu
quote:
When those games stop selling out, it'll adjust. Make no mistake, it's a business.
It's always amusing to see people abandon their self-proclaimed "free market principles" when it comes to amateur sports.
Posted on 2/4/21 at 3:34 pm to BFANLC
sounds fine to me
Posted on 2/4/21 at 3:43 pm to Papplesbeast
quote:
It's always amusing to see people abandon their self-proclaimed "free market principles" when it comes to amateur sports.
People would adjust their expectations by accepting it's a multi billion dollar industry.
Posted on 2/4/21 at 3:52 pm to lsufball19
quote:
Don't believe they can legally give them tax advice, though, just like HR at your job can't.
Maybe. But one is a school, and the other is an employer. Legally, they are two entirely different types of entities.
But yeah, your point is well taken. There are many stories of pro athletes who went from being millionaires to broke in a very short time span.
This post was edited on 2/4/21 at 3:54 pm
Posted on 2/4/21 at 3:57 pm to HogX
quote:
hell, they'll probably start including an H&R Block in the football facilities.
We already have a Starbucks, Chick Fil A, Wendy's, and others in Ferguson Center. Why not give H&R some space, at least seasonally?
Posted on 2/4/21 at 4:26 pm to lsufball19
quote:
If they let kids sign deals, those deals would have contracts signed with the business and player. This opting out shite may stop if it would constitute a breach of their contract.
That's what I'm hoping. But admittedly I don't know shite about the law.
In a round about way, this could restore some integrity to the game. The trend of these kids quitting in the middle of the season bothers me much more than them making some cash on the side doing commercials.
This post was edited on 2/4/21 at 4:29 pm
Posted on 2/4/21 at 4:41 pm to BFANLC
This bill will never pass.
Posted on 2/4/21 at 4:51 pm to RT1941
Keep telling yourself that.
Posted on 2/4/21 at 5:06 pm to 285exp
quote:
Anybody who thinks their team has no impermissible benefits going to any of their players is a fool. Saban has no interest in getting any assistance from some idiot boosters trying to “help” by giving them out.
So you are saying the university is giving that players at Bama extra benefits?
That would open up a little legal issue.
Posted on 2/4/21 at 5:49 pm to Papplesbeast
quote:
It always warms my heart when people express that they know better than the free market what someone should be paid.
It's already a free market. So I'm not sure what your point is.
For some reason, they all continue to choose to get a free education, free training and free personal promotions as they get in college football over paying for all that crap themselves.
Of course those other leagues pop up from time to time. They only pay their players about 50k a year and still can't stay in business.
Posted on 2/4/21 at 6:02 pm to lsufball19
Pretty sure the big schools will help them figure out the taxes, obviously some kids will still be stupid about it, but schools will do their best to mitigate that as much as possible for PR/not going to jail reasons
Posted on 2/4/21 at 6:56 pm to 3down10
quote:
It's already a free market. So I'm not sure what your point is.
Yes and no. If it was truly a free market, you could have just as many men's basketball scholarships as women's. No one would argue that women's basketball is as profitable as men's. Yet we can't give as many scholarships for men as we do women.
Posted on 2/4/21 at 9:33 pm to Nitro Express
Alabama had killed college football
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