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Post by diehardexplorer on Oct 4, 2023 9:31:31 GMT -5
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Post by giveansk1 on Oct 4, 2023 10:24:25 GMT -5
Thanks for posting these. It is interesting that La Salle is ahead of Temple. There are work around for getting NIL money to international players, there have been some high profile examples at Kentucky and Michigan St. I think team orientated NIL deal where everyone benefits to give all players a baseline is beneficial. These can be signings/appearances/zoom calls/ads.
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Post by GlitterBro #2 on Oct 5, 2023 7:13:15 GMT -5
It is interesting that La Salle is ahead of Temple. In NIL, yes, but in overall athletic fundraising...no. It's a quandary for schools. You'd like the donations to go to the school, but NIL which isn't controlled by the school wants donations there, and it's likely the same pot of donors. I haven't given to La Salle's collective, but I've given to the Explorer Fund. Does La Salle want me to keep giving to the Explorer Club, change my donation to the Collective, or split the two? |
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Post by giveansk1 on Oct 5, 2023 10:28:25 GMT -5
Every school is having that dilemma right now, and how much do they push people. La Salle did a good job in pointing people in the right direction for NIL. They want you to just donate more but that's not feasible for most people. When big schools were getting crazy donations and not paying the players, they were in a facilities arms race because the money had to go somewhere. Now that money will be more directed to players, who also will probably eventually get a piece broadcast revenue. Personally I'd rather direct my money to the players rather than facilities because I believe that will better translate to wins. Some people can't fathom paying the players though, which is fine.
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Post by gymrat67 on Feb 26, 2024 10:26:52 GMT -5
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Post by gymrat67 on Mar 17, 2024 15:40:10 GMT -5
2023 - 24 NCAA transfer portal / competing NIL collectives feeding frenzy :   |
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Post by gymrat67 on Mar 29, 2024 13:52:41 GMT -5
Not sure if this answers your question, but see these two tweets from Rovell  Lawyers feeding frenzy. Is there any doubt that University - promulgated pre-emptive constraints such as these on their athletes' NIL rights will promptly give rise to a whole new wave of NIL class action lawsuits against the NCAA and the Universities ? Lest we all forget the foregoing above. This is still out there looming on the horizon. |
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Post by gymrat67 on Apr 9, 2024 9:23:21 GMT -5
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Post by JoeFedorowicz on Apr 9, 2024 9:28:11 GMT -5
I think that's a red herring. La Salle's collective does not claim to be tax exempt and even claims otherwise. Some people are trying to pull a fast one. explorersunited.org/ |
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Post by gymrat67 on Apr 9, 2024 9:58:25 GMT -5
JoeF : No one stated or suggested that this IRS ruling applied to Explorers United Collective donations, otherwise, it would have been posted on the ' Explorers United Collective -- 2024 ' thread. Thus, my post was not a 'red herring', but your inapposite response appears to have been a 'straw man'.  |
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Post by JoeFedorowicz on Apr 9, 2024 11:58:28 GMT -5
I wasn’t fighting with you. I just think this was someone trying to pull a fast one, not anything that is rampant.
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Post by nyalum on Apr 9, 2024 13:15:49 GMT -5
"Red Herring vs. Straw Man". Coming to a theater near you! "Godzilla vs. Kong" has nothing on this!
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Post by jb71 on Apr 9, 2024 13:18:51 GMT -5
Worked at IRS for 43 years. I wonder if Collectives withhold income taxes and whether recipients are considered self employed and liable for Self-Employment taxes. I hope they have accountants.
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Post by JoeFedorowicz on Apr 9, 2024 13:25:44 GMT -5
I wonder if Collectives withhold income taxes and whether recipients are considered self employed and liable for Self-Employment taxes This was actually my biggest worry with the whole thing. If you're cutting a kid a full check and not telling him to do something...everybody isn't doing it right. |
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Post by GlitterBro #2 on Apr 9, 2024 14:18:45 GMT -5
My bigger question what is the kid doing to earn the NIL? Is he signing autographs or jerseys and making $x a pop, or endorsing something...or is this simply a handout to convince a kid to go to a certain school, like a salary or stipend. What is t Name, Image, or Likeness for which the student-athlete is being paid?
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Post by JoeFedorowicz on Apr 9, 2024 14:26:41 GMT -5
What is t Name, Image, or Likeness for which the student-athlete is being paid? Caitlin Clark and Gatorade. But I hear you. A lot of this is just show up, collect bag. |
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MisterD
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Post by MisterD on Apr 9, 2024 14:46:32 GMT -5
Isn't the kid showing up and playing on the roster the entire point?
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Post by GlitterBro #2 on Apr 9, 2024 14:53:33 GMT -5
Isn't the kid showing up and playing on the roster the entire point? Wouldn't THAT statement make them professional athletes - being paid for "playing on the roster"? I thought NIL was so they could profit from their Name, Image, and Likeness in endorsements, social media, merchandising, promotions, etc, |
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Post by crayzeeguy on Apr 9, 2024 14:54:12 GMT -5
Isn't the kid showing up and playing on the roster the entire point? I think the point is they can’t be compensated for playing basketball, but they can be compensated elsewhere for being a basketball player. |
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MisterD
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Post by MisterD on Apr 9, 2024 15:18:05 GMT -5
So if a collective gives a guy $10K, there's an expectation that guy does something ... for the collective?
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MisterD
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Post by MisterD on Apr 9, 2024 15:19:22 GMT -5
Wouldn't THAT statement make them professional athletes - being paid for "playing on the roster"? I assumed La Salle not paying them was what kept that loophole slightly open. Like if you were being a big weirdo and giving me $75 per month to stay at my current job ... its obviously intertwined but its also not my company paying me. |
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Post by belfieldhappyhour on May 6, 2024 18:27:32 GMT -5
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Post by calsufan on May 6, 2024 20:16:15 GMT -5
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Post by thelasallelunatic on May 8, 2024 19:22:29 GMT -5
A bill was pitched by 2 congressmen to give conferences and NCAA protection from antitrust lawsuits. Maybe this is the start of some balance/correction in the pendulum.
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Post by calsufan on May 8, 2024 21:07:30 GMT -5
A bill was pitched by 2 congressmen to give conferences and NCAA protection from antitrust lawsuits. Maybe this is the start of some balance/correction in the pendulum. I think the last thing that should be done is to give the NCAA additional protection. Same with the conferences. There needs to be some accountability by them or they'll screw up even more than they are right now. |
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Post by big5explorer on May 10, 2024 7:30:20 GMT -5
I wonder how these athletes handle paying the taxes on this new income.
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Post by 23won on May 10, 2024 13:07:32 GMT -5
It is subject to self employment tax (ouch, fed income tax and state taxes
They are either assured by a friend of the program or given explicit direction, usually in the NIL contract they sign
350k at nova gets burned up pretty quickly
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Post by weston2 on May 10, 2024 15:26:32 GMT -5
I wonder how these athletes handle paying the taxes on this new income. Like everybody else.......welcome to Club Reality. Only solace is hopefully these are reportable events. |
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MisterD
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Post by MisterD on May 10, 2024 18:23:38 GMT -5
Yeah, man. Fingers crossed.
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Post by victoriouslasalle on May 12, 2024 12:33:36 GMT -5
Maybe this has already been discussed somewhere. I Haven't really had a chance to take a close look and adequately understand or think through the long term effects of NIL, where it could head. But, I have been wondering if leagues like the A10 will eventually be able to set team $$$ minimum requirements e. g. total NILs for schools in order to maintain league membership? Could this be where things might head or are there impediments to this?
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