O'Cyrus Torrence

[Bandwagon King]

No one is saying it may not cause probably but do we have to go straight to locker room shootings???

Have you ever seen an industrial pyramid of how many other incidents & instances & injuries take place for one work place death to occur? It'll pretty much work out like that model. It'll happen. You can bet the farm it will happen. But probably not at a Texas, even though schools like that will be mostly responsible. It'll happen at a wannabe school that competes on that kind of a level. What do you guys think the Baylor murder was all about? It didn't happen in the locker room. But it happened. And this is condoning what caused it.

[Dad04]

Correct. My tax person always told me the refund is based on the status of student and not the amount of income. Curious if it will be different for these high paid athletes?

The IRS has no student exemption from taxes. If that was true, everybody would be in "college" forever.

https://www.irs.gov/faqs/irs-procedu...arned%20income

[Bandwagon King]

If a player takes an NIL deal they should have to pay tax on any tuition, room, board & books as well if they make over the minimum amount of income. You want to learn how to make money earlier in life? You should learn how to pay taxes earlier in life as well.

[Bandwagon King]

The only way any university can make any kind of NIL deal work out long term & survive this inevitable disaster is to have a system that pays every player an equal amount of money. Hence the term team. The risks far exceed the rewards for a G-5 school.

[CRAWFISH61]

Does every pro team pay everyone equally? Does every company pay everyone equally? College athletes are far more sophisticated than many give them credit for. They understand that some will make more money than others. They will have disagreements as athletes always have. The Alabama quarterback made much more than anyone on that team but they made it to the Championship game.

[ZoomZoom]

I wonder how NILs are structured, pay as you go or lump sum at the end of the season? Can’t imagine a payer giving lump sum nip front, but it’s a new world.

[RaginDave]

Does every pro team pay everyone equally? Does every company pay everyone equally? College athletes are far more sophisticated than many give them credit for. They understand that some will make more money than others. They will have disagreements as athletes always have. The Alabama quarterback made much more than anyone on that team but they made it to the Championship game.

Crawfish you took the words right out of my mouth. Also, the average NIL deal according to Saturdaydownsouth.com is $471 so you are going to make the kid pay taxes on tuition, room, board, etc when you are talking about some guys making $200 or less. That makes no sense. The only way Kyle's plan could work is if the NCAA makes them pay taxes on any NIL deal over a certain amount.

[CajunEXPRESS]

I wonder how NILs are structured, pay as you go or lump sum at the end of the season? Can’t imagine a payer giving lump sum nip front, but it’s a new world.

Zoom if I had that kind of money I’d set it up along these line:

A nice bonus for signing up at the university.
Of course incentive for annual accomplishments
A fail safe clause for anything illegal, unethical or breaking NCAA rules.
Each year renewable. A very large post eligibility bonus provided no NCAA problems within the five year window the NCAA pretty much quits doing investigations.

[RaginScotsman]

I wonder how NILs are structured, pay as you go or lump sum at the end of the season? Can’t imagine a payer giving lump sum nip front, but it’s a new world.

The way I understand it is that they have to pay fair market value. Who determines that? I have no idea. But say you get a deal to promote something on social media or appear at a club. They can't give you $50,000 for one tweet or appearance. They can give you a contract that says you get $100.00 a tweet or $1000.00 per appearance. That can add up, but they can't pay you a ridiculous amount for something small.

[CajunEXPRESS]

The way I understand it is that they have to pay fair market value. Who determines that? I have no idea. But say you get a deal to promote something on social media or appear at a club. They can't give you $50,000 for one tweet or appearance. They can give you a contract that says you get $100.00 a tweet or $1000.00 per appearance. That can add up, but they can't pay you a ridiculous amount for something small.

Which is exactly why those ten thousand dollar jobs for watering the garden were abolished decades ago.