NCAA Rumored To Be Coming Out With New NIL Guidelines- People Aren't Happy

fordman84 said:
Gonna be real tough to prove that deals were negotiated before LOI was signed. Where do you draw the line? "we have NIL deals of $X for our players"...is that negotiating a deal? Or do you need an actual NIL contract signed with terms listed on it before the LOI is signed?
Click to expand...
Well, the Athletic was shown signed contracts for a junior in high school. That seems fairly straight forward. Now, how you get those without subpoena power I don't know. But, signed contracts are singed contracts.

To your other point, that's how I expected it to work. After a year or two, it will be very obvious which schools are really good at getting NIL deals for their players. Cars, food deals, or just money to press flesh and meet and greet. Kids would know that if you go to School X you can get $Y, and if you go to School B you can get $A. But some schools were too anxious to become relevant - looking at you UTjr, Miami, maybe ATM - and just went all-in. If everyone had played it cool ... work with the athletes there now and get the money to others once they are on the team, this wouldn't seem so seedy. But, no, some schools couldn't help themselves.
 
Wild Turkey said:
I think you guys are missing two of the big points:

1. The PAC commissioner basically said the NCAA needs to do something about this or they will create another organization that will. That's a big deal coming from a P5 commissioner.

2. PAC and SEC commissioners went to DC to lobby congress to do something. Now that is a WTF moment and the guns don't get much bigger. If Sanky is willing to go to DC then the shit is very serious.
Click to expand...
One thing I was little surprised to learn ... Sanky was one of the one who suggested they hold off on putting guardrails in place. Seems he messed up on that one. But, yeah, Sandy being the top dog of current commissioners, and the PAC commissioner having the most impressive resume of the new commissioners is good.

The thing that will kibosh the federal NIL law is that the Dem Senators want to attach all sorts of other shit to the bill. And you know when it gets to the House the Gang will want unionization and all sorts of player rights issues injected into it. So, I can't see it happening.
 
Wild Turkey said:
Actually, I think UGA gets the asterisk for having the last legit natty (or as close as you can come). They signed their team before anything really came into effect. Now next year say if aTm wins the natty and they have major contributions by freshman then that's not going to be a good look for the sport.
Click to expand...
ATM's class this year has even enrolled. It won't help for a few more years.
 
Wild Turkey said:
I think you guys are missing two of the big points:

1. The PAC commissioner basically said the NCAA needs to do something about this or they will create another organization that will. That's a big deal coming from a P5 commissioner.

2. PAC and SEC commissioners went to DC to lobby congress to do something. Now that is a WTF moment and the guns don't get much bigger. If Sanky is willing to go to DC then the shit is very serious.
Click to expand...
Let's draw a parallel. There have been countless situations where a certain type of tax deduction/avoidance/scam has been overlooked by the IRS for years until a new Commissioner or Congress decides that enough is enough. Then suddenly the enforcement is surprisingly slammed on and the resulting outcry is pretty much ignored because everyone knew they were gaming the system to begin with. And what's even worse in a lot of cases is some person has maybe fudged the rules a bit on this particular issue but the sudden enforcement of the law leads to a full flown audit and POW! The SHTF for a lot more money owed on other problems than is owed for just that cheesy writeoff. I'm guessing that a lot of schools don't necessarily want all their dirty laundry exposed in public and would quickly consent to make amends for their transgressions on recruiting/NIL/portal.....especially after they see a school or two get slammed.
 
Goldbug said:
Let's draw a parallel. There have been countless situations where a certain type of tax deduction/avoidance/scam has been overlooked by the IRS for years until a new Commissioner or Congress decides that enough is enough. Then suddenly the enforcement is surprisingly slammed on and the resulting outcry is pretty much ignored because everyone knew they were gaming the system to begin with. And what's even worse in a lot of cases is some person has maybe fudged the rules a bit on this particular issue but the sudden enforcement of the law leads to a full flown audit and POW! The SHTF for a lot more money owed on other problems than is owed for just that cheesy writeoff. I'm guessing that a lot of schools don't necessarily want all their dirty laundry exposed in public and would quickly consent to make amends for their transgressions on recruiting/NIL/portal.....especially after they see a school or two get slammed.
Click to expand...
Also, they have said that the players won't face any penalty - so long as they cooperate. Meaning they have to provide an overview of all that went on, as well as the contracts that were signed.
 
Wild Turkey said:
Actually, I think UGA gets the asterisk for having the last legit natty (or as close as you can come). They signed their team before anything really came into effect. Now next year say if aTm wins the natty and they have major contributions by freshman then that's not going to be a good look for the sport.
Click to expand...
always knew you loved those pups
 
Goldbug said:
Let's draw a parallel. There have been countless situations where a certain type of tax deduction/avoidance/scam has been overlooked by the IRS for years until a new Commissioner or Congress decides that enough is enough. Then suddenly the enforcement is surprisingly slammed on and the resulting outcry is pretty much ignored because everyone knew they were gaming the system to begin with. And what's even worse in a lot of cases is some person has maybe fudged the rules a bit on this particular issue but the sudden enforcement of the law leads to a full flown audit and POW! The SHTF for a lot more money owed on other problems than is owed for just that cheesy writeoff. I'm guessing that a lot of schools don't necessarily want all their dirty laundry exposed in public and would quickly consent to make amends for their transgressions on recruiting/NIL/portal.....especially after they see a school or two get slammed.
Click to expand...
That’s not a great analogy because if the events are allowed per the tax code then they are legal. If the close the loophole then they aren’t allow but congress can retroactively go back and change the tax code and screw people that filed legit returns.

Here the argument was that boosters being involved was illegal and always has been. Schools interpreted the rules incorrectly and have their dicks swinging in the wind. Totally different because the NCAA isn’t technically changing the rules they are just giving further guidance.

Let’s be real we knew some of the shit going on was shady and it just got worst. What is going to happen is a lot of the programs that were setup to pay for play (and it’s more substantial than we think) are most likely going to be given the opportunity to self report and unwind those programs. I image players will be able to keep funds they’ve received but will not be able to collect more under those programs.

An example would Texas OL and DL who won’t be making 50K a year through the booster fund they created.

Now Alabama’s QB who did 3rd party deals for around 900K last year is fully in compliance. The LSU gymnast who is a social media hit will be able to still earn her cool million plus.

UT will not be able to pay the QB they signed for 8 million unless a 3rd party sponsee steps up and foots the bill. I just have a hard time believing someone is going to do that for a kid that hasn’t seen the field.

Of course don’t know what the new guidance is going to be but we do know that if it isn’t enforced the NCAA will no longer exist because the P5 will pull the plug.

The next 3 months are going to be super interesting.
 
Wild Turkey said:
I think you guys are missing two of the big points:

1. The PAC commissioner basically said the NCAA needs to do something about this or they will create another organization that will. That's a big deal coming from a P5 commissioner.

2. PAC and SEC commissioners went to DC to lobby congress to do something. Now that is a WTF moment and the guns don't get much bigger. If Sanky is willing to go to DC then the shit is very serious.
Click to expand...
SEC trying to protect Bama from mighty Aggie.. :pop2:
 
WhosYourDawggy said:
Well, the Athletic was shown signed contracts for a junior in high school. That seems fairly straight forward. Now, how you get those without subpoena power I don't know. But, signed contracts are singed contracts.

To your other point, that's how I expected it to work. After a year or two, it will be very obvious which schools are really good at getting NIL deals for their players. Cars, food deals, or just money to press flesh and meet and greet. Kids would know that if you go to School X you can get $Y, and if you go to School B you can get $A. But some schools were too anxious to become relevant - looking at you UTjr, Miami, maybe ATM - and just went all-in. If everyone had played it cool ... work with the athletes there now and get the money to others once they are on the team, this wouldn't seem so seedy. But, no, some schools couldn't help themselves.
Click to expand...
No maybe about it, A&M went in full force. Hopefully that doesn't bite us. There wasn't going to be anyone playing it cool. It was going to be a shit show when the doors were blown open. Nice guys finish last.
 
Wild Turkey said:
Actually, I think UGA gets the asterisk for having the last legit natty (or as close as you can come). They signed their team before anything really came into effect. Now next year say if aTm wins the natty and they have major contributions by freshman then that's not going to be a good look for the sport.
Click to expand...
Jimbo's been building a maroon and white monster for years.
 
fordman84 said:
No maybe about it, A&M went in full force. Hopefully that doesn't bite us. There wasn't going to be anyone playing it cool. It was going to be a shit show when the doors were blown open. Nice guys finish last.
Click to expand...
We'll see. This is a tortoise and hare type of thing. Those that jumped the gun might be right, but it is a risk. It may pay off for those that were more deliberate.
 
Wild Turkey said:
That’s not a great analogy because if the events are allowed per the tax code then they are legal. If the close the loophole then they aren’t allow but congress can retroactively go back and change the tax code and screw people that filed legit returns.

Here the argument was that boosters being involved was illegal and always has been. Schools interpreted the rules incorrectly and have their dicks swinging in the wind. Totally different because the NCAA isn’t technically changing the rules they are just giving further guidance.

Let’s be real we knew some of the shit going on was shady and it just got worst. What is going to happen is a lot of the programs that were setup to pay for play (and it’s more substantial than we think) are most likely going to be given the opportunity to self report and unwind those programs. I image players will be able to keep funds they’ve received but will not be able to collect more under those programs.

An example would Texas OL and DL who won’t be making 50K a year through the booster fund they created.

Now Alabama’s QB who did 3rd party deals for around 900K last year is fully in compliance. The LSU gymnast who is a social media hit will be able to still earn her cool million plus.

UT will not be able to pay the QB they signed for 8 million unless a 3rd party sponsee steps up and foots the bill. I just have a hard time believing someone is going to do that for a kid that hasn’t seen the field.

Of course don’t know what the new guidance is going to be but we do know that if it isn’t enforced the NCAA will no longer exist because the P5 will pull the plug.

The next 3 months are going to be super interesting.
Click to expand...
About 20 years ago a bunch of us got hit when the IRS suddenly disallowed some specialized oil & gas writeoffs that our counsel argued were legitimate. The IRS bastards forced us to go to court where we lost the case. I'm still P.O.'d about it because it affected a bunch of our investors who had trusted me not to mislead them about something as important as writeoffs for big investments. I had been shown case law proving the veracity of the writeoffs before we advised using them but you know what can happen in the legal system. A bunch of haters from the IRS (who admitted to us privately they didn't like fossil fuels) and a prick judge did a job on us. The tax code is about as cut and dried as a gypsy rodeo if the IRS ever decides to get shitty about things.
 
fordman84 said:
SEC trying to protect Bama from mighty Aggie.. :pop2:
Click to expand...
I think the SEC office would be ecstatic for you guys to win it all join AL, UGA, AU and LSU as recent national champs. I would even argue it’s better for the league overall for new blood to win.

You guys just don’t seem to be able to put it together.
 
Goldbug said:
Let's draw a parallel. There have been countless situations where a certain type of tax deduction/avoidance/scam has been overlooked by the IRS for years until a new Commissioner or Congress decides that enough is enough. Then suddenly the enforcement is surprisingly slammed on and the resulting outcry is pretty much ignored because everyone knew they were gaming the system to begin with. And what's even worse in a lot of cases is some person has maybe fudged the rules a bit on this particular issue but the sudden enforcement of the law leads to a full flown audit and POW! The SHTF for a lot more money owed on other problems than is owed for just that cheesy writeoff. I'm guessing that a lot of schools don't necessarily want all their dirty laundry exposed in public and would quickly consent to make amends for their transgressions on recruiting/NIL/portal.....especially after they see a school or two get slammed.
Click to expand...
I'm guessing contributions to all these "collectives" is tax deductible?
 
Goldbug said:
About 20 years ago a bunch of us got hit when the IRS suddenly disallowed some specialized oil & gas writeoffs that our counsel argued were legitimate. The IRS bastards forced us to go to court where we lost the case. I'm still P.O.'d about it because it affected a bunch of our investors who had trusted me not to mislead them about something as important as writeoffs for big investments. I had been shown case law proving the veracity of the writeoffs before we advised using them but you know what can happen in the legal system. A bunch of haters from the IRS (who admitted to us privately they didn't like fossil fuels) and a prick judge did a job on us. The tax code is about as cut and dried as a gypsy rodeo if the IRS ever decides to get shitty about things.
Click to expand...
Damn, GB. That reference tells me you are a fellow hick! :beer2:
 
You must log in or register to reply here.
Back
Top