Bobcat Love's Sense of Shame
7/5/2022 6:59 PM
The IRS will be interested due to these are all taxable income, even use of cars. DOJ, has no interest here.
As for middle men, that is a whole new market and many are jumping all over it. They are essentially college agents.
The use of cars, etc. is the corrupting (bastardizing?) part of all this to me. This whole thing became publicized a few years ago when basketball players at one of the "P" schools complained that they couldn't afford to get enough to eat and still pay for necessities not covered by their schollie. (Whether that was true is another story.) But now, instead of money so at least they can have food money, they're driving around in luxury cars. C.J. Stroud is tooling around Columbus in a $125,000 Bentley, for sh*t's sake. That's really not what getting NIL for players was all about. Extremes like that are reasons for reining in NIL and making it just cash payments.
When I was in Athens Brandon Hunter and some other dudes on the team used to roll around in an Escalade. Literally just drive laps around Court and Congress. Always wondered who paid for that car, because a bunch of different players drove it. (I assume we don't have boosters who could afford multiple cars).
I'm also not sure what you mean when you say "that's not really what getting NIL for players was all about." Who decided what it was all about?
To me it's about talented people not having arbitrary restrictions on what they can earn based on their talents. For some people, that talent earns them food money. For others, it earns them a Bentley. 538 did an analysis to try and calculate what top NCAA quarterbacks are worth to their universities. It's based on 2014 data, so almost certainly the number's increased with new TV deals. Here's the link:
https://fivethirtyeight.com/features/how-much-college-qua... /
For CJ Stroud, the number's higher than the cost of a Bentley.