They have agents and an athletic department office to help them manage details of their NIL deals including taxes. No need to concern troll.
Uh oh, FAU is gonna get sanctioned.
I foresee Range Rovers being towed off at halftimes for back taxesâŠ
Seriously.
Wag The DogâŠwhat a mess.
Ugh.
RIP CFB
With the wide open portal and NIL, the G5 will become a farm system for the big programs. Do well enough and transfer to Bama, Clemson, Ohio State.
The payroll tax for a self-employed is 15.3% of Net Income.
Even if the standard deduction eliminates Income Tax it does not eliminate payroll taxes.
Many athletes will be caught off guard with this in 2023 as their tax returns are completed.
I am waiting to see how many big money players end up not doing well in college.
Second issue I am watching for is when a booster pays a player nearly 7 figures, and then the coach doesnât play him his first year or two.
âTrayveon will be co-teaching with Alex Sinatra who is a sports business consultant, sports attorney along with serving as a professor at the A&M law school.â
Just curious since so many players are opting out in bowl games, even at UHâŠwill this trend still continue despite NIL money being paid to said players?
Despite everything going on around him, Gundy is adamant that he is not at all interested in engaging in pay-for-play recruiting battles.
âWeâre not doing that here,â he said. âItâs not a sustainable way of life, in my opinion. Maybe thereâs 10 or 12 schools in the country that can live that way. The other 45 or 50 that are in Power 5 conferences, they canât sustain that type of model.â
Yes, if players have the opportunity to be a high draft pick, they will opt out of the game.
It will be NIL money remorse.
This is a Dot Com bubble.
Just watch how fast this went up and goes down.
Just think how much money Herman and UT would have spent to get the same players they got to go 7-5.
Just look at the Ewers /Manning situation.
You are the Million dollar payer to get Ewers as the Big name on campus.
Shark just screwed you out of a million because Manning is getting all the press and will be for the next few yrs, before he even steps foot on campus.
Now the money people are stuck paying a million for a kid, for 4 yrs, that ainât the guy any more.
Let the big guys cannibalize themselves.
We will be ok and be able to compete.