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On Wednesday, Texas A&M’s primary athletics fundraising arm, 12th Man Foundation, announced that it will be discontinuing its 12th Man+ Fund due to legal advice given by the Internal Revenue Service...
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(The Spun)
Filed Under: Texas A&M Sports
21 Comments
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SwampyWaters10 months
All this means is the money will be funneled another way! They will continue to pay players a lot of money!
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ALhunter10 months
Which TBH they should be deductible if the NIL payment to the player is taxable... otherwise IRS is double dipping...
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Play_Neck10 months
kinda got a point
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ALhunter10 months
My guess is the IRS gave guidance that NIL contributions aren't ordinary income losses...
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POTUS202410 months
I guess A&M found out it's not legal to purchase boyfriends for your players.
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TigerFan24410 months
About time these "Collectives" get shut down. They have NOTHING to do with NIL....they are basically inducement funds to help lure athletes to the university.
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FLObserver10 months
Can only Imagine the things done to get top recruiting classes to A&M. Sounds this was done because they knew rules were broken and NCAA maybe be looking into this.
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BobABooey10 months
ATM has been hit with some of the most major NCAA infractions. A dirty program whose very limited success has almost always been followed by investigations and penalties. They never should have been invited to the SEC.
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ThatTahoeOverThere10 months
Cant write cock sucking off on your schedule A 1040
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Strannix10 months
A&M should be removed from the SEC, TEXAS and OK disinvited
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spslayto10 months
But they didn't buy that recruiting class. Don't you believe it. Jimbo says they didn't.
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holmesbr10 months
Can someone explain the NIL payment to the athlete like I am 5? Like, does LSU get paid and Dunne gets an allowance? Or does Dunne just cash fat checks directly and LSU hopes she continues to go to class?
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Tiger Ike10 months
I dont think the university is control payments from an individuals name, image, and likeness.
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POTUS202410 months
Athletes make deals with sponsors and they do not lose eligibility. School does not have to be in the loop at all.
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Play_Neck10 months
Kinda of two different things. Most player NIL is supposed to be for advertisement, even though they probably don't do much advertisement or help the business get money. The business just wants to help recruiting. In Dunne's case, she's become a social media celebrity by exploiting her, um, hotness, and new NIL rules permit her to do that (it really has nothing to do with donors for Dunne).
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WhoDatNC10 months
You know it's bad if they have to shut it down. Will be interesting to see what dumb shite Dumbo Fisher says about this.
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TrueLefty10 months
Be careful what you wish for. Texas A&M will do everything to beat LSU this year. Just like the team did last year with nothing to lose. Might be a repeat of last year's game if LSU continue to rub Texas A&M the wrong way again this year.
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Nix to Twillie10 months
What does “rub them the wrong way” mean? Trying gif make sense of your post.
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Nix to Twillie10 months
There’s a typo in my last comment and it’s driving me crazy that I can’t edit it.
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HoustonGumbeauxGuy10 months
Juicy details will soon emerge what prompted this sudden act
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