Jefffrog1993
KMA
Great way of looking at it. I was thinking that as we got better and better we would start getting better talent and keep improving. That is how it used to work now just throw money at it:
NIL Killing Recruiting
- Thread starter Jefffrog1993
- Start date
helcap
Full Member
It hasn't worked that way in over a century. Star recruits had always been induced by under the table benefits from boosters, with the big brand schools usually offering more. You think Kenneth Davis would have come to TCU sans the cash? Or that all the players driving new cars were gifted to them by their "Auntie" The only thing that IMO has changed is that NIL's have caused the top player salaries to escalate. But here again, if your going to pay your head coach $10 million a year, what's a few million for a star QB?
Moose Stuff
Active Member
We ARE getting better talent.
Eight
Member
two questions concerning athletes and taxes..
first, i have read and heard that for professional athletes, they sometimes will get taxed on their salaries for playing away games in certain cities
example, cowboys play in philly so are their players taxed on 1/17 of their pay by the city of philly and the keystone state?
if so, could the same situation apply with nil money?
first, i have read and heard that for professional athletes, they sometimes will get taxed on their salaries for playing away games in certain cities
example, cowboys play in philly so are their players taxed on 1/17 of their pay by the city of philly and the keystone state?
if so, could the same situation apply with nil money?
Interesting, never heard that but makes sense. State taxes another reason to prefer playing in Texas? And for nfl guys, seems like an incentive to structure a contract to be paid daily Rather than getting a, “game check.”
CryptoMiner
Active Member
No because the money is taxed where they earn the NIL income and it is usually local. payments are not related to the games per se.
Eight
Member
Eight
Member
the way it was explained to me is this is why you often times have athletes and entertainers run into tax issues
this isn't something you do on turbotax or take a box of receipts to hr block
FrogBall09
Active Member
depends on if the IRS or that state tax authority actually views the NIL as being earned for "playing" the game - which in Texas is specifically not "legal"
Pro athletes earn their check for playing the game - if NIL is on the same basis, they will owe tax in every state they play in that has state income tax.
If NIL is viewed as related to something not specific to playing the game - then technically the player earned it before they ever showed up in a specific city for the game.
Jefffrog1993
KMA
California will go after everyone for taxes and they do hit pro athletes when they play in California. I think it is taxation without representation personally. No one wants to take on a state in a lawsuit to stop the practice. I am surprised some players don’t opt out of road games in predatory government trying to tax them. They don’t live in the state what right do they have to the money? None just a bunch of blood sucking leeches.
Endless Purple
Full Member
I would have similar questions to FrogBall09. If the players cannot prove they were paid for their image, ie. did not do actual appearances or commercials, could it be argued that they were paid to play? I don't think the NIL groups just pay in advance anymore but spread it out in case players decide to transfer or something, thus more like a paycheck type thing without doing marketing.
I expect actions speak louder than words if someone wants to push it in the courts for taxes or other reasons.
I do think I would enjoy reading an article that the courts allowed NIL, but then turn around and rule against those that are getting paid, but not actually doing NIL.
I expect actions speak louder than words if someone wants to push it in the courts for taxes or other reasons.
I do think I would enjoy reading an article that the courts allowed NIL, but then turn around and rule against those that are getting paid, but not actually doing NIL.
Cougar/Frog
Active Member
NIL can't be play to play or tied to performance on the field.
A good NIL will have detailed requirements of what is required to earn the money.
A good NIL will have detailed requirements of what is required to earn the money.
Eight
Member
not a lawyer, just make fun of a lawyer here, but i think that should be "nil is not supposed to be" as who actually reviews the agreements, monitors how they are being administered, and most importantly who is going to enforce the rules if an agreement is found to be violating the spirit of the law so to speak ...
Jefffrog1993
KMA
I have only seen a few players in commercials. Thousands of college gets are getting nil money. Maybe it’s just paper adds in local newspaper or local tv. Not sure much work is going on unless they influence on social media get people to go buy stuff?
Cougar/Frog
Active Member
The big problem is getting paid. I have read that only 25% of promised NIL is getting paid.
The deals just are not clear enough.
Every NIL contact must be disclosed to the university before signing.
This is an evolving area of law and regulation and each state has their own laws as well.
geezer
Colonel, USAF (Retired)
Heard a radio interview with Phil Mickelson who went on a full rant about having to pay taxes in any state he played in that had a state income tax.
Think about MLB players--how many state tax returns are their CPA's are having to produce each tax year?
Never lived in any city that had its own income tax. Most rely solely on sales/property tax. Places like NYC might be exceptions...
@FinanceFrog probably has the definitive information on this.
Cougar/Frog
Active Member
Lots are for appearances and local ads. Average isn't that much. A few stars get the big bucks.
But this will change given kids getting NIL to go to high school.
Eight
Member
Heard a radio interview with Phil Mickelson who went on a full rant about having to pay taxes in any state he played in that had a state income tax.
Think about MLB players--how many state tax returns are their CPA's are having to produce each tax year?
Never lived in any city that had its own income tax. Most rely solely on sales/property tax. Places like NYC might be exceptions...
@FinanceFrog probably has the definitive information on this.
dc, san francisco, wilmington, baltimore, detroit, kc, st louis, newark, nyc, and philly all have some form of municipal income tax
phil is just mad he can't write off gambling losses, curious if he had to pay taxes on the money calloway laid out to cover his casino debts
Eight
Member
well if the schools are charged with making sure the paperwork is in order what possibly could go wrong.....especially in a state such as mississippi where the state is so well run
sure they are watching kiffin and the ole miss program like a hawk
Sweat Equity
Tier 1
If you wanna go down the rabbit hole on this even further, look up "jock tax."
