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Post by GlitterBro #2 on Jul 22, 2021 9:30:56 GMT -5
Depends. Generally for undergrad, no, provided you are a degree candidate at an eligible institution. It is not considered income. It gets fuzzy with room and board which can be taxable.
For grad students the rules differ. If part of your grad program requires you to be a teaching assistant, then it is considered taxable income.
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Post by sweat83 on Jul 22, 2021 11:22:18 GMT -5
In the long run...will this even out the playing field so to speak? Programs like Bama, Ohio State, ND, USC UM, likely have stud QBs, RBs, WRs. LBs on their roster that could probably start for a less prominent program, but are stuck at #2 or #3 on the depth chart, and losing out on some money. Not millions in this case, but they're not going to earn much at all where they are at. I'm assuming that the allure of earning money is going to outweigh the possibility of being part of a National Championship and these studs may be more inclined to play for say a Temple, Rutgers, Ohio U, Tulsa, Central Florida, (to name a few) where they can end up be THE GUY, instead of sitting on the sidelines and waiting for #1/#2 on the depth chart to get injured. |
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MisterD
The Baptist Himself
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Post by MisterD on Jul 22, 2021 14:26:41 GMT -5
That's a really interesting point. I'd been looking at it in reverse but I want to think of it more like this. Obvious example is a guy like Garland having a moment here he almost assuredly wouldn't have at Virginia Tech.
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Post by GlitterBro #2 on Jul 22, 2021 14:26:48 GMT -5
Last week, Lonnie White out of Malvern Prep was drafted by the Pirates at a spot that would give him a $1M signing bonus. He would probably be in the minors for a bit playing before a few thousand fans and at the spot he was drafted, about 50% make the show.
His alternative is to be a 2-sport athlete at Penn State, playing football and baseball. With the name, image, and likeness income he could receive as Penn State's version of Deion Sanders while he gets stronger and plays before 100K plus each week with every game on TV, it's probably a non-brainer to go to Penn State...even if only for a couple of years... and then decide his next steps.
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Post by GlitterBro #2 on Jul 22, 2021 14:28:31 GMT -5
That's a really interesting point. I'd been looking at it in reverse but I want to think of it more like this. Obvious example is a guy like Garland having a moment here he almost assuredly wouldn't have at Virginia Tech. SW Philly Floater T-shirts anyone? We all would have bought one, and he would've have gotten paid for it. |
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MisterD
The Baptist Himself
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Post by MisterD on Jul 22, 2021 14:44:56 GMT -5
And not just paid for the t-shirt, he probably could have priced it at 4x and basically you'd be comping him for the moment/win.
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Post by nyalum on Jul 22, 2021 16:18:16 GMT -5
I'm personally waiting for a local Philly Ford dealer to come bursting through Gola's doors offering a sweet deal to promote their Explorer SUVs. Ka-ching!
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Post by calsufan on Jul 22, 2021 17:23:39 GMT -5
I'm personally waiting for a local Philly Ford dealer to come bursting through Gola's doors offering a sweet deal to promote their Explorer SUVs. Ka-ching! Maybe we need Kale to get on the horn and call Nickolodeon as well.  |
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Post by golasalle on Jul 26, 2021 12:15:27 GMT -5
Last week, Lonnie White out of Malvern Prep was drafted by the Pirates at a spot that would give him a $1M signing bonus. He would probably be in the minors for a bit playing before a few thousand fans and at the spot he was drafted, about 50% make the show. His alternative is to be a 2-sport athlete at Penn State, playing football and baseball. With the name, image, and likeness income he could receive as Penn State's version of Deion Sanders while he gets stronger and plays before 100K plus each week with every game on TV, it's probably a non-brainer to go to Penn State...even if only for a couple of years... and then decide his next steps. Not the no-brainer that you predicted as White today signed with the Pirates for $1.5M bonus which was about half a million over his slot. Maybe he came to the realization that $1.5M guaranteed is better than getting his body destroyed playing football and perhaps a longer career in baseball. He can still pursue marketing his name image and likeness albeit on a smaller stage for now. The Pirates also signed a two sport star Bubba Chandler who was going to play football and baseball at Clemson. |
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Post by GlitterBro #2 on Jul 26, 2021 15:09:59 GMT -5
Yep. Saw that. I was surprised. Hopefully he makes it to the show and gets paid. Not sure the Greensboro Grasshoppers or the Altoona Curve will have quite the draw of Beaver Stadium on Saturdays for him for endorsements and such, but hopefully he works up the chain soon.
My daughter told me over the weekend he was going to sign. She played HS CYO ball with his girlfriend. Nice kid...he kept the book sometimes while I worked the clock at the CYO games for the girls.
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Post by belfieldhappyhour on Jul 26, 2021 20:22:51 GMT -5
Hopefully he invests the money wisely. About 10 years ago I caddied with kid from Radnor HS/Villanova U that was in his third or fourth year with the Reading Phils. Outside of guys drafted in the top 4 rounds, he was the highest paid player on the team, making like $1200 or $1500 A MONTH, and ONLY IN SEASON. Hence, why he caddied in the offseason.
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Post by JoeFedorowicz on Jul 26, 2021 20:58:25 GMT -5
Aronimink or Merion?
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Post by belfieldhappyhour on Jul 26, 2021 22:04:16 GMT -5
The Mink (which is also a beer that Levante makes for the club). Got a couple members that are on here. |
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Post by JoeFedorowicz on Jul 27, 2021 3:53:21 GMT -5
I’m a solid 14 handicap guys, you know, for member guest reasons.
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Post by gymrat67 on Aug 28, 2021 18:25:37 GMT -5
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Post by gymrat67 on Nov 15, 2021 12:34:20 GMT -5
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Post by gymrat67 on May 2, 2022 12:41:52 GMT -5
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Post by gymrat67 on May 5, 2022 9:59:09 GMT -5
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Post by belfieldhappyhour on May 5, 2022 17:47:58 GMT -5
Another strange one ....
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Post by gymrat67 on Jan 18, 2023 12:52:46 GMT -5
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Post by gymrat67 on Feb 2, 2023 21:35:11 GMT -5
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Post by gymrat67 on Apr 29, 2023 15:36:01 GMT -5
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Post by GlitterBro #2 on Apr 29, 2023 18:31:15 GMT -5
Is the NCAA going to provide funding to schools that are struggling financially to pay for these enhanced benefits?
"The NCAA Division I Board of Directors on Wednesday unanimously voted to require schools to provide a series of new benefits for college athletes that includes enhanced health-care coverage and funding for completion of undergraduate degrees after their playing careers end, the association announced."
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Post by hoopsguest on Apr 29, 2023 18:39:55 GMT -5
Most schools already let players come back and graduate on the school’s dime if they haven’t already
The health insurance thing - they already get great healthcare most places, maybe the insurance allows them to add family?
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Post by weston2 on Apr 29, 2023 19:27:03 GMT -5
Most schools already let players come back and graduate on the school’s dime if they haven’t already The health insurance thing - they already get great healthcare most places, maybe the insurance allows them to add family? Face facts, they're employees. The SCOTUS even said that. NIL pushes their responsibility to others. Typical college, OPM......next they'll ask for government money. See the college loan bubble. |
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Post by gymrat67 on Aug 22, 2023 15:29:17 GMT -5
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Post by gymrat67 on Mar 28, 2024 21:10:40 GMT -5
Snapshot of the nature and magnitude of NIL funding that mid - major schools like La Salle are up against : ( March 22, 2024 ) James Madison University (JMU)'s record $ 53 million in student fees tops all public Schools nationally.JMU undergraduate tuition for 2024 is $30,790. per year for out-of-state students : $13,570. for in-state students. This includes a mandatory " student fee " for 2024 of $5662. per year, of which $2,362. per student per year is earmarked for funding athletes." The JMU athletic department spent $68 million on athletes in fiscal 2023 and reported funding $53.3 million of it via mandatory student fees charged annually to every JMU student as part of their tuition." " Framed another way, the student fee total is nearly 4X the revenue actually generated by the athletic department in fiscal 2023 ( $13.4 million ) from tickets, media rights, donations and other income. " www.sportico.com/leagues/college-sports/2024/james-madison-student-fees-athletics-million-1234771980/ |
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Post by gymrat67 on May 31, 2024 12:39:32 GMT -5
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Post by gymrat67 on May 31, 2024 12:58:26 GMT -5
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Post by gymrat67 on Aug 31, 2024 11:48:52 GMT -5
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