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Ohio State Gene Smith tells congress it's not uncommon for athletes to ask for $5,000

9,784 Views | 58 Replies | Last: 2 yr ago by Actual Talking Thermos
dabo man
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The NCAA ads are always talking about 98% of their athletes going pro in something else.

How far off is the idea of getting a few million in NCAA football money over four years, investing wisely/conservatively, and retiring without ever going pro in anything?
rootube
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I can help here. Those ads are horses***. They are designed to pretend a college swimmer is the same as a five star football player so the NCAA can keep the gravy train rolling.
yell_on_6th st
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Azariah said:

"Say the quiet part out loud" makes me want to stab a baby.

User name checks out
Slicer97
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milner79 said:

SuperAg09 said:

One thing we know, if the government can get a piece of the action it always will. They are gonna tax the crap outta these kids now. I wouldn't be shocked if we see a high profile college athlete get locked up for tax evasion.

Any reason why they shouldn't "tax the crap outta these kids," to use your words? They are generating income, albeit in a manner that is a *******ization of the original NIL. Welcome to the real world, boys. Find an accountant.

Kinda off the subject, but there is an argument that wages and salaries shouldn't be taxed as income as there is nothing being gained. It's a barter. One person's time, talent, and effort in exchange for another person's money at a mutually agreeable rate. Income tax, whether federal or state, should only apply to capital gains. But that would cut into gubbermint revenue, so we can't have that.
greg.w.h
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Slicer97 said:

milner79 said:

SuperAg09 said:

One thing we know, if the government can get a piece of the action it always will. They are gonna tax the crap outta these kids now. I wouldn't be shocked if we see a high profile college athlete get locked up for tax evasion.

Any reason why they shouldn't "tax the crap outta these kids," to use your words? They are generating income, albeit in a manner that is a *******ization of the original NIL. Welcome to the real world, boys. Find an accountant.

Kinda off the subject, but there is an argument that wages and salaries shouldn't be taxed as income as there is nothing being gained. It's a barter. One person's time, talent, and effort in exchange for another person's money at a mutually agreeable rate. Income tax, whether federal or state, should only apply to capital gains. But that would cut into gubbermint revenue, so we can't have that.
That isn't an argument. A better one is that there should be zero corporate taxes and only flat rate taxes on personal income. A consumption tax which doesn't tax invested money would be better yet.
Tex117
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Whatever.

Between NIL and the transfer portal...I don't know why schools even bother admitting them as students.

I don't like what it has become, but something had to change. So let it change and lean in.
one safe place
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Slicer97 said:

milner79 said:

SuperAg09 said:

One thing we know, if the government can get a piece of the action it always will. They are gonna tax the crap outta these kids now. I wouldn't be shocked if we see a high profile college athlete get locked up for tax evasion.

Any reason why they shouldn't "tax the crap outta these kids," to use your words? They are generating income, albeit in a manner that is a *******ization of the original NIL. Welcome to the real world, boys. Find an accountant.

Kinda off the subject, but there is an argument that wages and salaries shouldn't be taxed as income as there is nothing being gained. It's a barter. One person's time, talent, and effort in exchange for another person's money at a mutually agreeable rate. Income tax, whether federal or state, should only apply to capital gains. But that would cut into gubbermint revenue, so we can't have that.
Well, it would be a bad argument though. And bartering is income anyway.

There would be too much revenue lost if wages and salaries were not taxed and only capital gains were taxed.
HoustonAg2106
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91AggieLawyer said:

HoustonAg2106 said:

Guys it's a free market, no one is holding a gun to anyone's head. If you don't want to pay it you don't have to.

Time is money, the best players in the country probably have 40 schools that want them to visit.

Except that cash is NEVER allowed. I guess schools can (and probably do) break the rules -- nothing new there -- but don't act like it SHOULD be commonplace. If we're going to go to a system that is essentially semi-pro or minor league (or whatever you want to call it) to begin with and then cheat on top of that, then I and probably many (most) Aggies are not going to be interested in whatever transpires, regardless of results. I'm not too hip with the whole NIL deal to begin with. Call me naive if you wish (those that know me would laugh at that, but...whatever).

Those that are fine with this system can enjoy themselves.


You can say you're not interested because of NIL all you want, but you're still going to tune in this Saturday at 11am and the last thing you will be thinking about watching the game is I wish these guys weren't getting money for this
B-1 83
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DallasAg 94 said:

91AggieLawyer said:

HoustonAg2106 said:

Guys it's a free market, no one is holding a gun to anyone's head. If you don't want to pay it you don't have to.

Time is money, the best players in the country probably have 40 schools that want them to visit.

Except that cash is NEVER allowed. I guess schools can (and probably do) break the rules -- nothing new there -- but don't act like it SHOULD be commonplace. If we're going to go to a system that is essentially semi-pro or minor league (or whatever you want to call it) to begin with and then cheat on top of that, then I and probably many (most) Aggies are not going to be interested in whatever transpires, regardless of results. I'm not too hip with the whole NIL deal to begin with. Call me naive if you wish (those that know me would laugh at that, but...whatever).

Those that are fine with this system can enjoy themselves.
You play or you become a G5.

It isn't uncommon for A&M to have what... 15... 20 players on campus for a major opponent. At $5K per... you are looking at $100K in visitation fees.
When can we expect to see these recruit's names, images, and likenesses used in order to earn such NIL bribes?
Being in TexAgs jail changes a man……..no, not really
SantaLucia
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91AggieLawyer said:

HoustonAg2106 said:

Guys it's a free market, no one is holding a gun to anyone's head. If you don't want to pay it you don't have to.

Time is money, the best players in the country probably have 40 schools that want them to visit.

Except that cash is NEVER allowed. I guess schools can (and probably do) break the rules -- nothing new there -- but don't act like it SHOULD be commonplace. If we're going to go to a system that is essentially semi-pro or minor league (or whatever you want to call it) to begin with and then cheat on top of that, then I and probably many (most) Aggies are not going to be interested in whatever transpires, regardless of results. I'm not too hip with the whole NIL deal to begin with. Call me naive if you wish (those that know me would laugh at that, but...whatever).

Those that are fine with this system can enjoy themselves.
Yet you are posting on a sports message board. You should stop following the sport. You will not be missed.
greg.w.h
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It in essence is what is allowed in International Olympics so the model works. What it does not do is enforce shamateurism that implicitly favored wealthy elites as the only competitors:

"WHEN BARON PIERRE DE COUBERTIN had the idea of reviving the Olympic games of ancient Greece, he envisaged a strictly amateur affair. The Frenchman was deeply influenced by British attitudes to sport, or at least those of the British upper classes. These saw athletic pursuit in classical terms. That meant noble amateurism, underpinned by values such as fair play, stoicism and self-improvement for self-improvement's sake (all infused, no doubt, with a snobbish disdain for working-class professional footballers, cricketers and the like). De Coubertin thought this attitude, drummed into the ruling class in Britain's posh boarding schools, was the pillar on which its empire was built. He wanted his Olympic games to spread that ideal.

The early modern gamesthe first of which were held in Athens in 1896reflected this. The rules stated that participants must never have competed for money nor, indeed, ever would. Jim Thorpe, one of America's most famous athletes at the time, was stripped of his decathlon and pentathlon gold medals, won in 1912 in Stockholm, after it was discovered he had been paid (a pittance) for playing semi-professional baseball while he was in college. Yet from the start, as Matthew Llewellyn and John Gleaves describe in their book, "The Rise and Fall of Olympic Amateurism", the Olympic committee was accused of hypocrisy. Some of the early games, such as in Paris in 1900, were attached to world trade fairs, shrines to capitalism not classicism. And the winners in some of the more aristocratic sports, including automobile racing, equestrianism and motor-boat racing, were in fact awarded prizes of money or objets d'art. What is more, the Olympics aimed to be open to all and judged on ability. But amateurism meant that the games were open only to those of independent wealth."

https://www.economist.com/the-economist-explains/2021/07/20/why-did-the-olympics-ditch-their-amateur-athlete-requirement

"In the 1940s and '50s, the tennis stars of the world found their gold only on trophy figurines and engraved bowls. Jack Kramer was one of those tennis stars then, and he had a plan to change that.

Seventy-five years ago, in the summer of 1947, he began his plan by winning the men's singles title at Wimbledon. He beat a Bay Area player named Tom Brown, 6-1, 6-3, 6-2. Brown, later a prominent lawyer, was known as "The San Francisco Flailer." Little successful flailing in this one. The match took 45 minutes.

Kramer got a nice trophy, back then called the Renshaw Cup, which eventually found its resting place inside the front door of the Kramer residence at 231 Glenroy Place in Bel Air. There, it was used as a convenient drop-off spot for whomever had gone out to the mailbox that day. He also got a nice trophy later that summer of '47, when he won the U.S. Nationals at Forest Hills. His plan, to win two majors and establish his star power before turning pro, nearly came crashing down in that one. He lost the first two sets of a five-setter to Frankie Parker and memorialized that moment for years.

"I looked into the stands, where my money guy was," he said, "and all I saw was the top of his head. He was bent down, fearing the worst."

The worst would have been Kramer losing, which he did not. His comeback victory, paired with doubles titles at both 1947 Wimbledon and the U.S. Nationals a feat achieved in the same summer only by him, Don Budge and John McEnroe was the beginning of the end of tennis "shamateurism," as Kramer called it."

https://www.latimes.com/sports/story/2022-06-27/wimbledon-legend-jack-kramer-started-tennis-pro-movement
AgDotCom
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It's gonna be fun when 5 stars get paid $30K by Bama, LSU, or sip NOT to visit A&M, and vice versa.
Gyles Marrett
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Are we going to pretend like stuff like wasn't happening before NIL too? This is breaking even the NIL rules so blaming NIL for this is just dumb.

If it's happening, oh well. Free market and I don't think this is going to make the athletic department or donors suddenly go broke.
Gyles Marrett
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AgDotCom said:

It's gonna be fun when 5 stars get paid $30K by Bama, LSU, or sip NOT to visit A&M, and vice versa.
That's pretty risky if they want to take that chance. I know if I wanted to go to A&M I'd take that $30k from them and say sure I wont go...then still go and dare them to out themselves publicly. Not gonna happen.
milner79
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DallasAg 94 said:

milner79 said:

SuperAg09 said:

One thing we know, if the government can get a piece of the action it always will. They are gonna tax the crap outta these kids now. I wouldn't be shocked if we see a high profile college athlete get locked up for tax evasion.

Any reason why they shouldn't "tax the crap outta these kids," to use your words? They are generating income, albeit in a manner that is a *******ization of the original NIL. Welcome to the real world, boys. Find an accountant.
Do you tax your kids' birthday or Christmas presents?!

I believe you are allowed to "gift" someone up to $17K/yr.


Your take is naive, at best.
AGDAD14
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Stat Monitor Repairman said:

Why do schools think they entitled to free work?


If it is work, then why don't they sign up as a university employee, like the student working in the book store? Fill-out the paper work and show up on time. Just say the word JOB… and watch how fast they run away! They don't want to WORK… and they sure don't want no stinking JOB! LOL

45-70Ag
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Gyles Marrett said:

AgDotCom said:

It's gonna be fun when 5 stars get paid $30K by Bama, LSU, or sip NOT to visit A&M, and vice versa.
That's pretty risky if they want to take that chance. I know if I wanted to go to A&M I'd take that $30k from them and say sure I wont go...then still go and dare them to out themselves publicly. Not gonna happen.


This will absolutely happen. Schools aren't worried about losing that money
Buck Turgidson
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Stat Monitor Repairman said:

Why do schools think they entitled to free work?
Free? How about no tuition, free food, free tutoring, free coaches getting you out of legal trouble every time you act like a ****ing hood rat? I'll be paying hundreds of thousands of dollars for my three straight-A students to attend college, while DI football players who can barely read get all of that simply for playing football and getting a crack at the NFL. There are few more privileged situations in the world that being a DI football player.
greg.w.h
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Buck Turgidson said:

Stat Monitor Repairman said:

Why do schools think they entitled to free work?
Free? How about no tuition, free food, free tutoring, free coaches getting you out of legal trouble every time you act like a ****ing hood rat? I'll be paying hundreds of thousands of dollars for my three straight-A students to attend college, while DI football players who can barely read get all of that simply for playing football and getting a crack at the NFL. There are few more privileged situations in the world that being a DI football player.
They are so privileged their coaches make millions more per year off their talent than they do!!!
greg.w.h
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Btw: the grants-in-aid themselves are essentially the same cost of attendance as all other students. Differentiated by in state and out of state. If you spend more than cost of attendance then you're dumber than a rock if you're complaining here.
Elmer Dobkins
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SantaLucia said:

91AggieLawyer said:

HoustonAg2106 said:

Guys it's a free market, no one is holding a gun to anyone's head. If you don't want to pay it you don't have to.

Time is money, the best players in the country probably have 40 schools that want them to visit.

Except that cash is NEVER allowed. I guess schools can (and probably do) break the rules -- nothing new there -- but don't act like it SHOULD be commonplace. If we're going to go to a system that is essentially semi-pro or minor league (or whatever you want to call it) to begin with and then cheat on top of that, then I and probably many (most) Aggies are not going to be interested in whatever transpires, regardless of results. I'm not too hip with the whole NIL deal to begin with. Call me naive if you wish (those that know me would laugh at that, but...whatever).

Those that are fine with this system can enjoy themselves.
Yet you are posting on a sports message board. You should stop following the sport. You will not be missed.


In all truth, he'd be missed more than a sip fan that needs online validation from anonymous strangers on a rival message forum. Any huge business deals this week or incredible travel plans you can bore us with, Mr. Internet Millionaire?
nu awlins ag
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BigOil said:

So schools and coaches can get the $100s of millions,
but the product on the field why everyone watches should just shut up, take your $30k a year tuition, and good luck with your concussions, torn ACLs, etc… seems fair.


30k is a crap ton of money considering what they get with it vs. what the normal student gets. Plus, if they tear an ACL, they don't pay for it nor the rehab. It's a risk one takes….don't want the risk, then just go to school then. Why should I pay for someone else's choice?
The Porkchop Express
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I'm in the process of ghostwriting a book for a family where the dad, the mom, and all three kids played D-1 sports, contrasting their experiences. The dad was on the Pony Express SMU teams of the early 80s. That's now 40 years gone by and his stories of things witnessed are as bad or worse as anything I've heard since.

Nobody should be surprised by anything having to do with the intersection of money and college athletics these days. The only thing that seems out of the ordinary would be a kid going to school strictly because of the free education and them and their families being grateful for it!
Actual Talking Thermos
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nu awlins ag said:

BigOil said:

So schools and coaches can get the $100s of millions,
but the product on the field why everyone watches should just shut up, take your $30k a year tuition, and good luck with your concussions, torn ACLs, etc… seems fair.


30k is a crap ton of money considering what they get with it vs. what the normal student gets. Plus, if they tear an ACL, they don't pay for it nor the rehab. It's a risk one takes….don't want the risk, then just go to school then. Why should I pay for someone else's choice?
Who's asking you to pay for any of this?
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