OT: Tennessee QB Holds Out for New NIL Deal

UCLA has given an offer to Iamaleava and said take it or leave it.

https://x.com/on3sports/status/1912646846738276397?s=46&t=jbITjAKcpN6SmusR_7W7rw

“I don’t recruit problems.” Kelvin Sampson
I think that UCLA didn’t see CKS’s statement. That guy has PROBLEMS written all over him. Of course it may be his parents or agent leading down the wrong road. But I would assume they would still be in his ear.

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If Iamaleava does commit to UCLA, I wonder how the UCLA players feel about a QB who put his own self interest above the team’s, at his last school? I would imagine some damage control is in order.

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UCLA confirms they told Iamaleava take it or leave it.

If he tries to negotiate, cut bait immediately

Someone tell Nico that California State Income Tax is not negotiable.

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He’s only taking home $900k living in one of the most desired cities on the planet? Poor thing. How will he ever survive?

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$900K? In CA, that’s probably good for a 1200 sq. ft, 1 bedroom ranch.

I work with someone who is a Tennessee alum. He agrees with the position that they took. He also laughed when he mentioned that Tennessee has no state income tax. So there’s another 211,711 he cost himself.

Of course, we don’t know what UCLA is offering, but his viable options are diminishing by the day. I saw where the ND QB who played during the CFP entered the portal. Iamaleava’s brother was signed to play at UCLA and he left for that garden spot Fayetteville, AR at the last minute. So, they know how much the family’s word is worth.

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I’m sure some of the boosters are giving him more money (privately) on top of his “base” pay.

UCLA seems a bit desperate, but then again their football program hasn’t done much recently.

I think any college player receiving a seven figure NIL deal is ripe for an audit on their taxes. That “under the table” money is just as much income as NIL and fully taxable. Don’t pay? That’s tax evasion.

NIL has got to be an accountant’s/tax preparer’s dream. Imagine getting NIL, is that payable throughout the year? In which case, is he earning the money for each game? At UCLA, that could be state income taxes in CA, IL, MI, OH, NJ off the top of my head based on where UCLA is going to be playing.

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So now it is out in the open players can be contacted without being in transfer portal. Insane!

I found the following:

After Tennessee parted ways with quarterback Nico Iamaleava over a contract dispute stemming from NIL, the Volunteers reached out to the representatives for TCU starting quarterback Josh Hoover, according to a report from Steven Johnson of the Fort Worth Star-Telegram.

Per Johnson, Tennessee offered Hoover more than $1 million more than he currently makes to be TCU’s starting quarterback, but Hoover was not interested. He shut it down quickly to remain the starting quarterback for the Horned Frogs.

Hoover already makes seven-figures in NIL as TCU’s quarterback, according to the Star-Telegram.

ROTFL!!! He’s in for a real shock!

This little tax monkey could become King Kong if guys aren’t smart.

Been too busy to check in regularly, but leaving this here for those that say:
NIL cannot be regulated or fair market is whatever anyone is willing to pay…

“Once the House settlement is approved, any NIL deals with a collective or third party over $600 must be reported to a clearinghouse, where it will be vetted to determine if the pay is commensurate with the service provided by the athlete and that it is in line with the athlete’s fair market value. July 1 is the expected date for the settlement to take effect.”

https://apnews.com/article/nil-ncaa-transfer-portal-b9ed5a3711fb9ed35e0e3e7d2c6c825e

And they want us to feel sorry for them and still call them kids when they fail :joy:

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He will be signing with UCLA.

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He didnt have a pot to piss in. He had to take it or leave it.

I agree with the SCOTUS decision allowing players for making money off their NIL. That is their right. However, it is not their right to play football for any university. Therefore, said universities should have a right to regulate what their players can do. IMHO.

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He realized he has a good thing going.