• The KillerFrogs

Zach Evans…

Zubaz

Member
Some of these kids will be in for a shock when they find out that what they get for endorsements is taxable income.

sdj
I never got this argument. Would I rather have of 60% of a $250k NIL deal or 100% of...nothing? Seems pretty easy.

I mean yeah, people have to pay their taxes. Still would rather have money than not have money, all else equal.
 

Wexahu

Full Member
I never got this argument. Would I rather have of 60% of a $250k NIL deal or 100% of...nothing? Seems pretty easy.

I mean yeah, people have to pay their taxes. Still would rather have money than not have money, all else equal.
I think the argument is they might not set aside the money to pay their taxes or make their quarterly tax payment, etc etc, and they might blow through their money, all that stuff.

But I generally agree with you. But I also think most all these kids on average will be no better off in 20 years.
 

Endless Purple

Full Member
Over 70% of lottery winners elect the lump sum. Not suggesting that is an academic example, but we, as humans, are inherintely distracted by the availability bias which morphs into cognitive bias: You see a big number now vs. a larger number over a longer (sometimes much longer) period of time, the availability bias directs you to the big number now.
Do 70% voluntarily choose the lump sum or is that including the store default when you walk up and don't specify so the store just chooses lump sum (everyone I have bought was default lump sum without me choosing)?
 

HFrog1999

Member
Over 70% of lottery winners elect the lump sum. Not suggesting that is an academic example, but we, as humans, are inherintely distracted by the availability bias which morphs into cognitive bias: You see a big number now vs. a larger number over a longer (sometimes much longer) period of time, the availability bias directs you to the big number now.

With the way things are going now, would you really trust the government/lottery to be around to pay out over a couple of decades?

I actually know someone who won the lottery as part of a company pool and took the payments. She gets $350,000 every year
 

Pharm Frog

Full Member
Make all student-athletes meet the academic standards for non-provisional admission as all students. Make any transfer student-athlete meet the admission requirements of any other transfer student with satisfactory progress toward a non-general studies degree (minimum 24 hours of degree-bearing credit per eligible season) with an entering GPA equal to or better than necessary to graduate.
 

TCUdirtbag

Active Member
Like most laws, by former trial lawyers now in the legislature…
Legislators haven’t authored laws in decades.
Lawyers. Law-ers

The majority of the bill was written by Senator Creighton and his legislative staff. He is a licensed lawyer but he’s a career in house real estate/construction lawyer and mostly does his own real estate/development type stuff when he isn’t being a politician. He has no expertise in sports or higher education law or leadership.

I could give you a play by play of how the NIL bill came to fruition. The Cliff’s Notes version mostly covers it though: the Senator, Senate Committee on Higher Ed, and Legislative Council decided not to seriously consult lawyers or athletics/university administrators with knowledge and understanding of the implications of the bill. Generally speaking Senator Creighton’s staff assembled provisions of other states’ NIL laws that they liked and called it a day. There were several bills introduced but Creighton made it a pet project and as a member of the Higher Ed Committee pushed it hard. The state universities through their ADs and government relations staff did a ton of work to try and make changes to the draft bill, but their requests were largely ignored and they had to pick a few key battles fight in order to make the legislation palatable (i.e. there was a long and silly focus on what industries/products/services couldn’t participate in NIL. For example, in the end they allowed gambling but not “casino gambling” and firearms but not “firearms the athlete can’t legally purchase.”). The senate’s goal was simply to pass something, and fast. It was honestly a very busy session, and as the last one before the 2022 elections the leadership had a lot of re-election priorities that sucked up their bandwidth.

It’s not an awful bill, given the way the process unfolded. But it’s obviously far from ideal.
 
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Pharm Frog

Full Member
I can assure all three of you that your take here, as it relates to the Texas NIL bill, is wrong.
Yeah…because state senators and reps were sitting at their keyboards banging away legislative language for consideration in committee…. If that’s what happened with NIL then it’s the first time since at least 1992 for anything more meaningful than ceremonial resolutions. They passed copay capping legislation overwhelmingly last year and they still don’t know what they voted for because the agencies haven’t finished the rules.
 

TCUdirtbag

Active Member
Yeah…because state senators and reps were sitting at their keyboards banging away legislative language for consideration in committee…. If that’s what happened with NIL then it’s the first time since at least 1992 for anything more meaningful than ceremonial resolutions. They passed copay capping legislation overwhelmingly last year and they still don’t know what they voted for because the agencies haven’t finished the rules.

I modified my post and added context for you. There are plenty of things I offer a mere opinion on around here. This isn’t one of them.
 
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Pharm Frog

Full Member
I added context for you. There are plenty of things I opine on around here. This isn’t one of them.
That process sounds quite a bit like what I’m used to with the exception that nobody poisoned the bill apparently (which I used to help do on occasion BTW). But the story about aides grabbing piecemeal language from other states (probably written by an amalgam of interested parties) resonates. There could be a full length movie made about the legislation that eventually moved Sudafed behind the pharmacy counter. (Another example of a senator’s pet project but one that thankfully got slowed down long enough to get more stakeholder involvement)
 
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