Originally posted by ventichai
View Post
Announcement
Collapse
No announcement yet.
NIL Collective
Collapse
X
-
-
So can someone explain to me what possible value can Nigel Pack bring to business that is worth $800,000 over two years.
BTW, since we no longer have amateurs at the collegiate level I hope the IRS is making sure the value of the tuition, room and board and other perks are reported to the IRS and the players on a W-2 form or a 1099 from. I presume it is up to the NIL collective to report the NIL payments to the players as income on either a 1099 or a W-2 form.
- Likes 1
Comment
-
Originally posted by Atxshoxfan View Post
I'm guessing it will bring many more pink and blue haired, nail polished girly boys.
Sorry, couldn't resist.
Shocker Alumni
Shocker Club Soccer alumni
Jayhawk fan but the Shockers come first
Comment
-
Originally posted by ShauXTyme View PostSo, I gotta ask the question…if the school is making “all this money off the players”, why is it that most of the posters on ShockerNet feel the athletic department is basically bankrupt? We can’t have it both ways.
- Likes 2
Comment
-
Originally posted by ShauXTyme View PostSo, I gotta ask the question…if the school is making “all this money off the players”, why is it that most of the posters on ShockerNet feel the athletic department is basically bankrupt? We can’t have it both ways.
Comment
-
It seems like some of these business don’t even care about a return on the investment. For example the 800k for the kids at UM in 2 years. How the heck is a couple of basketball players who aren’t superstar level on social media going to return almost a million in revenue? I don’t see that happening. Now here where I get suspicious. Can business say they lost money on investments and use it as lost investments on tax returns. I’m no tax man but if they can that’s messed up.Shocker Alumni
Shocker Club Soccer alumni
Jayhawk fan but the Shockers come first
Comment
-
To guys like Chadrack that think we have some kind of hidden war chest of cash, they need to know that “all this money” the basketball program makes goes to fund things like a good coaching staff, tutors for the players, private jets for the players, dinners at 5 star steak houses on the road for players, special training and study facilities for players, athletic gear for players, medical attention for players. I wonder which of those things they will be willing to give up to put some of that extra cash in their pockets?
- Likes 8
Comment
-
Originally posted by WichitaHawk View PostIt seems like some of these business don’t even care about a return on the investment. For example the 800k for the kids at UM in 2 years. How the heck is a couple of basketball players who aren’t superstar level on social media going to return almost a million in revenue? I don’t see that happening. Now here where I get suspicious. Can business say they lost money on investments and use it as lost investments on tax returns. I’m no tax man but if they can that’s messed up.
Comment
-
Originally posted by Dan View PostTo guys like Chadrack that think we have some kind of hidden war chest of cash, they need to know that “all this money” the basketball program makes goes to fund things like a good coaching staff, tutors for the players, private jets for the players, dinners at 5 star steak houses on the road for players, special training and study facilities for players, athletic gear for players, medical attention for players. I wonder which of those things they will be willing to give up to put some of that extra cash in their pockets?
- Likes 1
Comment
-
Originally posted by WichitaHawk View PostIt seems like some of these business don’t even care about a return on the investment. For example the 800k for the kids at UM in 2 years. How the heck is a couple of basketball players who aren’t superstar level on social media going to return almost a million in revenue? I don’t see that happening. Now here where I get suspicious. Can business say they lost money on investments and use it as lost investments on tax returns. I’m no tax man but if they can that’s messed up.
Comment
-
Originally posted by Dan View Post
I believe they are setting up non profits to donate into and the non profit pays the players, although I’m not 100% certain.
Comment
Comment