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Rick Neuheisel just spilled the beans on A&M’s NIL

Posted on 11/30/23 at 8:48 am
Posted by GeauxLSU4
New Orleans
Member since Feb 2012
11473 posts
Posted on 11/30/23 at 8:48 am
Listening to his morning show on XM, he said he has it on good authority from a group of AD’s that are friends with Ross Bjork. They asked Bjork if it was true they really spent 35 million on that 2022 recruiting class. Bjork said that was false, they spent 50 million. Only to go 5-7 and 7-5. Wow.
Posted by Crimson Wraith
Member since Jan 2014
27698 posts
Posted on 11/30/23 at 8:49 am to
... and they still don't have a top tier coach.
Posted by Old Money
LSU
Member since Sep 2012
39578 posts
Posted on 11/30/23 at 8:49 am to
If true, jfc
Posted by 1999
Where I be
Member since Oct 2009
31328 posts
Posted on 11/30/23 at 8:49 am to
and anyone who has paid attention to aggy football knew that would be the result.
Posted by PerrillouxToTexas
Member since Sep 2022
7116 posts
Posted on 11/30/23 at 8:50 am to
Desperation is a stinky cologne.
Posted by StringedInstruments
Member since Oct 2013
19791 posts
Posted on 11/30/23 at 8:52 am to
That seems both impossible and logical.

How dumb and wasteful would people have to be to spend that much money on football players? Players that don't really generate revenue personally for you?

But also, I think we're going to understand the impact of NIL as we go into the future. I can imagine (or at least hope for) a future where mid-tier players field more competitive, championship teams because they aren't spoiled, entitled 18 year old millionaires who party and play a sport at a college.

Many people overestimate the maturity level of high schoolers and college freshmen. They're - I know this is triggering for some - kids. They aren't adults. Even NFL players in their early 20s struggle with handling that much money. We're handing it to teenagers now? Their brains can't handle it. Of course they're going to struggle to compete.
Posted by CapstoneGrad06
Little Rock
Member since Nov 2008
72914 posts
Posted on 11/30/23 at 8:53 am to
Jimbo was so obsessed with signing the top class in 2022 that he was using the 247 class calculator.

That sounds like some of the stuff going on at Miami under Randy Shannon. Signing kids based on recruiting rankings alone.
Posted by teamjackson
call me Walnut
Member since Nov 2012
7062 posts
Posted on 11/30/23 at 8:54 am to
quote:

How dumb and wasteful would people have to be to spend that much money on football players?


Serious question, is NIL donations a tax write off?
Posted by StringedInstruments
Member since Oct 2013
19791 posts
Posted on 11/30/23 at 8:55 am to
quote:



Serious question, is NIL donations a tax write off?



Looks like it depends:

quote:

If the NIL collective does not have 501(c)(3) status, then any contributions you make will not be tax deductible on the federal level. If the NIL collective does not have 501(c)(3) status, then any money you've given to the collective is just a payment – not a charitable contribution or tax-deductible donation.


LINK

Actually it looks like no:

quote:

On Friday, the IRS Office of the Chief Counsel published a memo suggesting that donations made to nonprofit NIL collectives “are not tax exempt” because the benefits they provide college athletes are “not incidental both qualitatively and quantitatively to any exempt purpose.”


LINK
This post was edited on 11/30/23 at 8:57 am
Posted by Parrish_Dawg
Enemy Territory
Member since Dec 2018
925 posts
Posted on 11/30/23 at 8:55 am to
You have to take what Neuheisel says with a grain of salt. He's gotten loose with his facts over the past several years...I think he's been a member of the media for too long at this point. Not saying it isn't accurate, but I'd look for another source to verify the claim.
Posted by SneezyBeltranIsHere
Member since Jul 2021
3684 posts
Posted on 11/30/23 at 8:55 am to
quote:

They asked Bjork if it was true they really spent 35 million on that 2022 recruiting class. Bjork said that was false, they spent 50 million. Only to go 5-7 and 7-5. Wow.


You guys can take all the shots you want at Texas A&M but next year they will beat McNeese and Bowling Green.
Posted by meansonny
ATL
Member since Sep 2012
26005 posts
Posted on 11/30/23 at 8:56 am to
quote:

Serious question, is NIL donations a tax write off?


NIL donations are not a tax write-off.

Hiring a kid to promote your business is a tax write-off.
Posted by teamjackson
call me Walnut
Member since Nov 2012
7062 posts
Posted on 11/30/23 at 8:56 am to
Interesting.. are these collectives' spending public info?
Posted by Insurancerebel
Madison
Member since Aug 2021
2303 posts
Posted on 11/30/23 at 8:57 am to
How much did LSU spend compared to Alabama and UGA?
Posted by RT1941
Member since May 2007
31128 posts
Posted on 11/30/23 at 8:57 am to
quote:

Many people overestimate the maturity level of high schoolers and college freshmen. They're - I know this is triggering for some - kids. They aren't adults. Even NFL players in their early 20s struggle with handling that much money. We're handing it to teenagers now? Their brains can't handle it. Of course they're going to struggle to compete.

They maybe kids, but it's the mommas, daddy's, aunties, uncles, grand momma's & agents that are handling that money.
Posted by meansonny
ATL
Member since Sep 2012
26005 posts
Posted on 11/30/23 at 8:59 am to
Donations to a 503c who pay money to college athletes is not a tax write-off.

Expect an audit. Expect it not to end well.

Payments to a marketing firm who contracts an athlete is a write-off.
Payments to an agent who hires an athlete to promote is a write-off.
Payments directly to the athlete for promotion is a write-off.
Posted by Jack Ruby
Member since Apr 2014
25300 posts
Posted on 11/30/23 at 8:59 am to
quote:

Bjork said that was false, they spent 50 million.


So Basically, every player got $1.7M in that class... And they didn't even recruit a big time QB. Instead they relied on Max Johnson to carry their program.

This post was edited on 11/30/23 at 11:58 am
Posted by gamecockhub
Lexington, SC
Member since Sep 2017
368 posts
Posted on 11/30/23 at 8:59 am to
If true, good lord!
Posted by Windy City
Member since Jun 2019
2058 posts
Posted on 11/30/23 at 9:01 am to
The Neuheisels thing is just bizarre . . .it keeps morphing and changing and there are so many rubes like the OP that pass it along.

Here is the Notre Dame board quote from two years ago.

Nueheisel knows A&M Stuff

quote:

I caught part of his SiriusXM program and he mentioned that he spoke with a Texas A&M alumnus at a wedding. The A&M booster told Neuheisel that his fellow alumni "got organized" and funneled roughly $30 million to the school in funds for the express purposes of payments to recruits and players under the guise of NIL.

Take it for what it's worth, but this is what we're up against.


Here Neuheisel picked up that Bama dropped a cool million to entice a Utah Tight End but the kid stayed.

LINK

quote:

On His Radio Show This Morning, Rick Neuheisel Said That Alabama Offered $1 Million For Utah's TE To Transfer To Bama.
Rumor
It's also been rumored on a Notre Dame paid board that they offered more than a million to ND's TE, Michael Mayer to transfer to Bama.

It's still kind of funny that people on Reddit or otherwise didn't see this happening with NIL.

Neuheisel was relaying a conversation that he had with Utah's head coach, Kyle Whittingham.


Maybe there is a transcript around that proves this, but otherwise this is yet another in the long variations of silly rumors.
Posted by memphisplaya
Member since Jan 2009
86832 posts
Posted on 11/30/23 at 9:02 am to
quote:

Desperation is a stinky cologne


You’re In the Same sinking ship. You just benefited from playing the blind.

Now you’ll see just how behind the ball you are.
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