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Topic: USA Today: NCAA sends California governor letter calling name, likeness bill 'unconstitutional'
Page: 10 of 11
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Bobcat Love's Sense of Shame
10/29/2019 3:17 PM
OUVan wrote:expand_more
Makes you wonder how many kids are going to reopen their recruiting.
Do they have to though? It seems like this will be national now that the NCAA is allowing it.
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OUVan
10/29/2019 3:26 PM
Bobcat Love's Sense of Shame wrote:expand_more
Makes you wonder how many kids are going to reopen their recruiting.
Do they have to though? It seems like this will be national now that the NCAA is allowing it.
It is national but you are kidding yourself if you think that the money kids can receive is equal at each school. It might even shift the balance of power in the MAC.
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Bobcat Love's Sense of Shame
10/29/2019 4:27 PM
OUVan wrote:expand_more
Makes you wonder how many kids are going to reopen their recruiting.
Do they have to though? It seems like this will be national now that the NCAA is allowing it.
It is national but you are kidding yourself if you think that the money kids can receive is equal at each school. It might even shift the balance of power in the MAC.
Oh, sure. That makes sense.
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Kevin Finnegan
10/29/2019 5:05 PM
In no way is the NCAA approving because they see the error in their ways. Their hand is being forced by legislation and public opinion, not by their own moral compass. Yet even if they are coming into this kicking and screaming, it is a major step towards player rights. I'm very interested to see the impact of this long-term.
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rpbobcat
10/30/2019 6:31 AM
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
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OhioCatFan
10/30/2019 10:05 AM
rpbobcat wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of its player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
Last Edited: 10/30/2019 11:14:46 AM by OhioCatFan
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rpbobcat
10/30/2019 10:15 AM
OhioCatFan wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of it's player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
One of the topics being discussed this morning is how the NCAA is going to have to get around classifying students who receive endorsements as "professionals".

As I posted,Micheal Phelps got an endorsement deal from Speedo.
Because of that he was considered a "professional" and couldn't swim for Michigan.
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Kevin Finnegan
10/30/2019 10:46 AM
rpbobcat wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
This seems discriminatory to athletes. Are students who receive academic scholarships that choose to get paid for tutoring required to claim their scholarship as 'taxable income'? What if they get a paid internship through connections to the university?
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rpbobcat
10/30/2019 11:20 AM
finnOhio wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
This seems discriminatory to athletes. Are students who receive academic scholarships that choose to get paid for tutoring required to claim their scholarship as 'taxable income'? What if they get a paid internship through connections to the university?
As OCF said,this action could have all kinds of unintended consequences.

If the government does pass legislation that says the scholarships of athletes who receive endorsements is "taxable income",who knows what they go after next.
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BillyTheCat
10/30/2019 11:45 AM
rpbobcat wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Anyone would have a very very hard time trying to make an arguement that such would not be "taxable income". Coaches get taxed for their shoes and polo's, practice and game day uniforms. Be-careful of what you wish for sometimes.
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BillyTheCat
10/30/2019 11:47 AM
OhioCatFan wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of its player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
OHIO Athletics is non-profit, not sure how you want to only draw on OSU here, but you are correct, the consequences will leave many wishing for some type of return to more simple days.
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BillyTheCat
10/30/2019 11:52 AM
rpbobcat wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
This seems discriminatory to athletes. Are students who receive academic scholarships that choose to get paid for tutoring required to claim their scholarship as 'taxable income'? What if they get a paid internship through connections to the university?
As OCF said,this action could have all kinds of unintended consequences.

If the government does pass legislation that says the scholarships of athletes who receive endorsements is "taxable income",who knows what they go after next.
No legislation needed here, that would be all up to an IRS ruling.

And Grad students are taxed on their waivers and stipends, so throw that argument out the window.

I also believe that some will be shocked at the amount of some of the endorsements that will come at some of these schools, and just think of the competition of endorsements for that good grad-transfer student on the open market.
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Bobcat Love's Sense of Shame
10/30/2019 11:59 AM
BillyTheCat wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of its player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
OHIO Athletics is non-profit, not sure how you want to only draw on OSU here, but you are correct, the consequences will leave many wishing for some type of return to more simple days.
Or they could just not accept endorsement money, right?
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rpbobcat
10/30/2019 12:04 PM
Bobcat Love's Sense of Shame wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of its player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
OHIO Athletics is non-profit, not sure how you want to only draw on OSU here, but you are correct, the consequences will leave many wishing for some type of return to more simple days.
Or they could just not accept endorsement money, right?
The problem is,the endorsement deal/money would be with the individual player,not the school.
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rpbobcat
10/30/2019 12:08 PM
Can also see this creating division on teams.

QB or RB gets an endorsement deal.

I'm one the O-line.
I get squat.

Do I block as hard ?

Or, one forward gets an endorsement deal.
Due I feed the ball to him or someone else ?
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person
Bobcat Love's Sense of Shame
10/30/2019 12:21 PM
rpbobcat wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of its player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
OHIO Athletics is non-profit, not sure how you want to only draw on OSU here, but you are correct, the consequences will leave many wishing for some type of return to more simple days.
Or they could just not accept endorsement money, right?
The problem is,the endorsement deal/money would be with the individual player,not the school.
Yes, I know. I'm saying that if an individual player is concerned about the tax ramifications of accepting endorsement money, and doing so is a poor financial decision, they can simply not accept the endorsement money. Doesn't that solve the problem?
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Bobcat Love's Sense of Shame
10/30/2019 12:23 PM
rpbobcat wrote:expand_more
Can also see this creating division on teams.

QB or RB gets an endorsement deal.

I'm one the O-line.
I get squat.

Do I block as hard ?

Or, one forward gets an endorsement deal.
Due I feed the ball to him or someone else ?
Do lower paid professional players do this? Unless, are you arguing that capitalism doesn't incentivize hard work?
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rpbobcat
10/30/2019 1:03 PM
Bobcat Love's Sense of Shame wrote:expand_more
Yes, I know. I'm saying that if an individual player is concerned about the tax ramifications of accepting endorsement money, and doing so is a poor financial decision, they can simply not accept the endorsement money. Doesn't that solve the problem?
Yes that does solve the problem.

Its just another one of those "unforeseen consequences" that never came up till
yesterday.
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person
Bobcat Love's Sense of Shame
10/30/2019 1:05 PM
rpbobcat wrote:expand_more
Yes, I know. I'm saying that if an individual player is concerned about the tax ramifications of accepting endorsement money, and doing so is a poor financial decision, they can simply not accept the endorsement money. Doesn't that solve the problem?
Yes that does solve the problem.

Its just another one of those "unforeseen consequences" that never came up till
yesterday.
I mean, yeah, paying taxes is a consequence of making money.
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rpbobcat
10/30/2019 1:09 PM
Bobcat Love's Sense of Shame wrote:expand_more
Can also see this creating division on teams.

QB or RB gets an endorsement deal.

I'm one the O-line.
I get squat.

Do I block as hard ?

Or, one forward gets an endorsement deal.
Due I feed the ball to him or someone else ?
Do lower paid professional players do this? Unless, are you arguing that capitalism doesn't incentivize hard work?
Lower payed professional players get paid,based on a mutually agreed to contract.

That's not the case here.

Its also not a matter of "hard work".
Some positions,like QB are just more likely to have endorsement deals then others.
Doesn't matter how hard you work.
I don't see many endorsement deals for O lineman.

Maybe the players will share.
But that will just open up another Pandora's Box.
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rpbobcat
10/30/2019 1:13 PM
Bobcat Love's Sense of Shame wrote:expand_more
Yes, I know. I'm saying that if an individual player is concerned about the tax ramifications of accepting endorsement money, and doing so is a poor financial decision, they can simply not accept the endorsement money. Doesn't that solve the problem?
Yes that does solve the problem.

Its just another one of those "unforeseen consequences" that never came up till
yesterday.
I mean, yeah, paying taxes is a consequence of making money.
The possibility the government of taxing scholarships wasn't even mentioned before yesterday.
Who knows what other "surprises" are going to crop up with this.
Including as was posted before,taxing things like the money a student makes tutoring.
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BillyTheCat
10/30/2019 1:29 PM
Bobcat Love's Sense of Shame wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of its player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
OHIO Athletics is non-profit, not sure how you want to only draw on OSU here, but you are correct, the consequences will leave many wishing for some type of return to more simple days.
Or they could just not accept endorsement money, right?
The problem is,the endorsement deal/money would be with the individual player,not the school.
Yes, I know. I'm saying that if an individual player is concerned about the tax ramifications of accepting endorsement money, and doing so is a poor financial decision, they can simply not accept the endorsement money. Doesn't that solve the problem?
Because most 18-19 year olds understand tax law, ramifications and responsible money management.
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Bobcat Love's Sense of Shame
10/30/2019 1:36 PM
BillyTheCat wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of its player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
OHIO Athletics is non-profit, not sure how you want to only draw on OSU here, but you are correct, the consequences will leave many wishing for some type of return to more simple days.
Or they could just not accept endorsement money, right?
The problem is,the endorsement deal/money would be with the individual player,not the school.
Yes, I know. I'm saying that if an individual player is concerned about the tax ramifications of accepting endorsement money, and doing so is a poor financial decision, they can simply not accept the endorsement money. Doesn't that solve the problem?
Because most 18-19 year olds understand tax law, ramifications and responsible money management.
A few things:

First, I was told adamantly in a different thread that college students are adults and should be treated as such. Is that no longer the case? Just trying to make sure we're on the same page. Though, I dunno, I think your stance of "sorry, student athletes, you're not allowed to make money because you're too irresponsible to deal with it" is an intriguing one. I guess they're adults when it comes to hazing and can choose not to be involved, but poor, helpless children when it comes to financial decisions? Good to know. Just out of curiosity, at what point do they become employable? I do a lot of hiring and just want to make sure I'm not putting anybody at risk by offering them money in exchange for services.

Man, it's a good thing college students aren't extended gigantic loans by government backed private lenders. Being that they know nothing about money.

Finally, maybe there's an opportunity for the University to provide some insight into all of the things their students don't understand. They could employ people, maybe we can call them, I dunno, "professors" to "teach" their students about finance. Seems like a good value add for athletes.
Last Edited: 10/30/2019 1:58:00 PM by Bobcat Love's Sense of Shame
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person
BillyTheCat
10/30/2019 2:00 PM
Bobcat Love's Sense of Shame wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of its player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
OHIO Athletics is non-profit, not sure how you want to only draw on OSU here, but you are correct, the consequences will leave many wishing for some type of return to more simple days.
Or they could just not accept endorsement money, right?
The problem is,the endorsement deal/money would be with the individual player,not the school.
Yes, I know. I'm saying that if an individual player is concerned about the tax ramifications of accepting endorsement money, and doing so is a poor financial decision, they can simply not accept the endorsement money. Doesn't that solve the problem?
Because most 18-19 year olds understand tax law, ramifications and responsible money management.
A few things:

First, I was told adamantly in a different thread that college students are adults and should be treated as such. Is that no longer the case? Just trying to make sure we're on the same page. Though, I dunno, I think your stance of "sorry, student athletes, you're not allowed to make money because you're too irresponsible to deal with it" is an intriguing one. I guess they're adults when it comes to hazing and can choose not to be involved, but poor, helpless children when it comes to financial decisions? Good to know. Just out of curiosity, at what point do they become employable? I do a lot of hiring and just want to make sure I'm not putting anybody at risk by offering them money in exchange for services.

Man, it's a good thing college students aren't extended gigantic loans by government backed private lenders. Being that they know nothing about money.

Finally, maybe there's an opportunity for the University to provide some insight into all of the things their students don't understand. They could employ people, maybe we can call them, I dunno, "professors" to "teach" their students about finance. Seems like a good value add for athletes.
You have absolutely zero ability to deal with sarcasm. And Universities have never had professors or finance classes in the past? wow, never knew that one.
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person
Bobcat Love's Sense of Shame
10/30/2019 2:09 PM
BillyTheCat wrote:expand_more
One of the news broadcasts last night had a blurb that said some members of
Congress are considering legislation that,if a player does get paid for an endorsement,their scholarship would be considered "taxable income".
Yes, and this is just the first of the unintended consequences of this idea. Stay tuned for a court declaring, for example, Ohio State's football team a professional team because some of its player's are being paid. And, what will that do to OSU's non-profit status? Will they have to divest themselves of the football program? You may think it is far fetched, but it's not. This is a Pandora's box we are on the verge of opening. To use a more American analogy, it's a can of worms!
OHIO Athletics is non-profit, not sure how you want to only draw on OSU here, but you are correct, the consequences will leave many wishing for some type of return to more simple days.
Or they could just not accept endorsement money, right?
The problem is,the endorsement deal/money would be with the individual player,not the school.
Yes, I know. I'm saying that if an individual player is concerned about the tax ramifications of accepting endorsement money, and doing so is a poor financial decision, they can simply not accept the endorsement money. Doesn't that solve the problem?
Because most 18-19 year olds understand tax law, ramifications and responsible money management.
A few things:

First, I was told adamantly in a different thread that college students are adults and should be treated as such. Is that no longer the case? Just trying to make sure we're on the same page. Though, I dunno, I think your stance of "sorry, student athletes, you're not allowed to make money because you're too irresponsible to deal with it" is an intriguing one. I guess they're adults when it comes to hazing and can choose not to be involved, but poor, helpless children when it comes to financial decisions? Good to know. Just out of curiosity, at what point do they become employable? I do a lot of hiring and just want to make sure I'm not putting anybody at risk by offering them money in exchange for services.

Man, it's a good thing college students aren't extended gigantic loans by government backed private lenders. Being that they know nothing about money.

Finally, maybe there's an opportunity for the University to provide some insight into all of the things their students don't understand. They could employ people, maybe we can call them, I dunno, "professors" to "teach" their students about finance. Seems like a good value add for athletes.
You have absolutely zero ability to deal with sarcasm. And Universities have never had professors or finance classes in the past? wow, never knew that one.
Yeah, man. My super sarcastic response shows zero ability to deal with sarcasm.

And your sarcastic remark definitely wasn't made to further the point you've been making in this thread all along. So I apologize for responding to it in kind.
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